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1 1) We originally bought 200 marbles for $8000 total. We then sold 135 marbles for $100 each on account. 1a) Show the journal entry
1 1) We originally bought 200 marbles for $8000 total. We then sold 135 marbles for $100 each on account. 1a) Show the journal entry for the sale. 1b) Show the journal entry on the accounting equation 1c) Show the COGS and ending balance of your inventory in the inventory general Ledger 1d) From this problem, what are the amounts shown on income statement? 1e) From this problem, what is the amount shown on the Balance sheet
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