1.

Rite Shoes was involved in the transactions described below.

1.	Purchased $10,000 of inventory on account.
2.	Paid weekly salaries and wages, $1,100.
3.	Recorded sales for the first week: Cash: $8,900; On account: $7,100.
4.	Paid for inventory purchased in event (1).
5.	Placed an order for $8,000 of inventory.

Required:

Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Purchased $10,000 of inventory on account.

EVENT	GENERAL JOURNAL	DEBIT	CREDIT
1

Paid weekly salaries and wages, $1,100.

EVENT	GENERAL JOURNAL	DEBIT	CREDIT
2

Recorded sales for the first week: $8,900; on account: $7,100.

EVENT	GENERAL JOURNAL	DEBIT	CREDIT
3

Paid for inventory purchased in event (1)

EVENT	GENERAL JOURNAL	DEBIT	CREDIT
4

Placed an order for $8,000 of inventory.

EVENT	GENERAL JOURNAL	DEBIT	CREDIT
5