a. Prepare journal Entries, as needed, for each of the following fiscal 2010 transactions. All figures are in thousands of dollars.

J/E #3. The company sold inventory that cost $14,000,000 for a total of $22,000,000. Or that, $17,000,000 was received I cash and $5,000,000 was on account (that is, added to Accounts Receivable)

b. Post the journal entries for the transactions to the spreadsheet.

2/28/09 Actual Beginning F/S Balances J/E JIE JIE J/E J/E J/E JE JE JE JE JIE Unadjusted Trial Balance Financial Statement Item #1 #2 #3 #4 #5 #6 #9 #10 #11 1,253,947 4,229,733 ash and cash e 1,253,947 4,229,733 receivable s receivable.current 4,064,611 369,197 224,378 5,253,598 124.452 1046,944 183,135 91,057 1,074.643 23,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 Inventories 4,064,611 369,197 224,378 5,253,598 124,452 ncome taxes Pr and E receivable less current portion et 1,046,94 83,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,71,017 Intangible assets.net counts payable salaries and wages accrued e ble d Income Taxes stock Additional paid-in c Sales Franchise and 1 Cost of sales fees ranchuse costs Sales&mark Generaland administrative eciation and aamortization Interest income Income Tax