Question

Journal Entries Chart of Accounts General Journal T-Accounts 7 10 15 Made sales of $2.000 on credit the cost of the inventory sold was $1.200. Purchased $1,000 inventory for cash Purchased new office equipment costing $4.000, paying $1.500, and signing a day note for the balance Received check for June 7 credit sal Made cash sales of 54.200; the cost of the inventory sold was $2,300 Purchased $2,600 of Inventory on credit Returned $200 of detective nventory from the June 20 purchase for a credit to its account Paid to the June 20 purchase in the return Paid the June 210 2.000 16 17 20 24 29 30 4.700 Accounts Receivable 23.05214 Required: 1. Record the preceding transactions in a general Journal 2. Post to general ledger Taccounts Inventory < Previous Next Ick My Work

Answer 1

Solution: I'm filling the wrong field shown with red cross sign. The blank white box means that place should be emptied.

Cash 6/01 Bal 1.000 12.523610 700615 603 1.500 6/16 2.000 2,400 17 4.2007 210 6/30 Bar $ 14,313 Accounts Receivable 6/01 23.052 16 2.000 2.000 6/30 $ 23,052

Inventory 601 18.300 W 1200 6/10 1.000 V 17 2.300 200 670 $ 16,200 Office Equipment 601 Bal 35260 503 6/15 4.000 6/30 $ 37,860

Accumulated Depreciation BOB 1.500 501 10.540 $ 9,040 Notes Pays 400 SOM Accounts Payable 2000 1.500 29 2.400 620 2.600 6/30 3,500

Sales Revenge 601 2.000 4300 6/30 Bar 54672 Gain on Sale of Orice Equipment 601 400 6/03 6/30 Bal 600

Cost of Goods Sold 6/01 Bar GOT 1200 2.300 25,854 Utilities Expense 6701 Bal 1,124 210 630 Bal $ 1,334

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