Question

< 2 3 5 6 6 Record month-end adjustment. Note: Enter debits before credits. Debit Credit Date March 31 0 3,120 300 General Journal Inventory (ending) Cost of Goods Sold Purchase Returns Purchase Discounts Purchases Freight-In Inventory (beginning) 90 3,300 210 0 Record entry Clear entry View general journal

Says it (the entry above) is "not complete"???

Answer 1

Journal entries
S.no.	Accounts title and explanations		Debit $	Credit $
03-Mar	Purchase account			3,300
	Accounts payable				3,300
	(for purchase made)
05-Mar	Freight in expense			210
	Cash account				210
	(for frieght paid)
06-Mar	Accounts payable			300
	Purchase return				300
	(for return of inventory)
12-Mar	Accounts payable (3300-300)		3,000
	Purchase discount (3000*3%)			90
	Cash account				2,910
29-Mar	Accounts receivable			5,500
	Sales revenue				5,500
	(for sales made on account)
31-Mar	Cost of goods sold (bal. fig.)		3120
	Purchase return			300
	Purchase discount			90
	Purchase account				3300
	Freight in				210
	(for recording the cost of goods sold)