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25. On Dec 31st, Graphix pays wages for the quarter of $17,280. You may ignore payroll taxes. a. Enter the Debit Account and calculate the
25. On Dec 31st, Graphix pays wages for the quarter of $17,280. You may ignore payroll taxes. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit \$ amount. 19. On Sept. 30th, Graphix recorded the individual in-store sales for 32,000t-shirts during the 1st quarter. Of the 32,000t-shirts sold, 26,000 were best seller t-shirts. All in-store sales were cash sales. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit $ amount. 20. On Sept. 30th, Graphix pays wages for the quarter of $17,280. You may ignore payroll taxes. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit \$ amount. 21. Graphix' return policy allows returns of unworn t-shirts with the receipt. During the 3rd quarter (July-Sept.), customers made sales returns of 7,000 best seller t-shirts *Customers are given a cash refund for returned merchandise. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit $ amount. 22. On Oct. 1st Graphix purchased 40,000 shirts at $10.50 per shirt (=$420,000) on account. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit \$ amount. 23. On Dec 31st Graphix recorded the individual in-store sales for 35,000t-shirts during the 1st quarter. Of the 35,000t-shirts sold, 22,500 were best seller t-shirts. All in-store sales were cash sales. a. Enter the Debit Account and calculate the Debit \$ amount. b. Enter the Credit Account and calculate the Credit $ amount. 24. On Dec 31st Graphix pays $1,100,000 of outstanding accounts payable. a. Enter the Debit Account and calculate the Debit $ amount. b. Enter the Credit Account and calculate the Credit \$ amount
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