$248$ wks

Question $5$ of $8$

Happy Camper Company is a service based company that rents canoes for use on local lakes and rivers and has the follo View the December post$-$closing balances.

View the additional information and transactions.

The following T$-$acc

ounts in the ledger have been opened for you using the post$-$closing balances from December $31,202$ View the accounts.

Read the requirement.

Begin by journalizing the transactions. $($Record debits first, then credits. Exclude explanations from any journal entries. En spelling carefully and do not abbreviate. Assume the company uses the gross method to record sales.$)$

Jan. $1$: Purchased $12$ T$-$shirts at $$13$ each and paid cash.

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jan$.1,$Purchase,,$],[$cash$,,.],[+,,],[,x+2,,]]$

Jan. $2$: Sold $3$ T$-$shirts for $$20$ each, total cost of $$39.$ Received cash.

Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. W

$\backslash$table$[[$Date$,,$Debit,Credit$],[$Jan$.2,$Cash,,$],[$Sales$,,],[,,],[,,2]]$

Now journalize the expense related to the Jan. $2$ sale.