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Give Journal entry for each of these: NPGS buys a new forklift for $500 cash: What is J/E and does the forklift go on the Balance Sheet or on the Income Statement Explain Customer buys a product from you for $3,500 that cost you $2,900. Customer promises to pay in 90 day. You are on the perpetual inventory system.. What is the journal entry or entries) at time of sale on a perpetual inventory system. On 4/01/12 You buy 1,000 boxes of copy paper@ 12/box which you will pay cash. On 12/31/12 there are 850 boxes left. What are the journal entry (or entries), and next to each DR. and Cr. Put what statement the entry goes on.
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□ Date | -Account Name l pebilidudt To cash 리따.coll go on the balance sheat s f ts the puachase of an leaurrment) Assets fos the PHLS PoSe s not an expense hence it will not go toa income Stattmen ate Ecco urt name Account Receivable Debt sa $3s00 TO sales 33500- sale Tost of 9ooa sold $ 2900 TO merr hondise invenro $2400 To se corel costof good sold) 81 Dak Account Name $12000 TO cash 12500 CTO aecore purchase of orfice statio nab) To office suprlies s 1800 Expense)

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