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A Record the issuance of additional common stock. B Record purchase of inventory on account. C Record sale of inventory on account. D Record cost
A Record the issuance of additional common stock. B Record purchase of inventory on account. C Record sale of inventory on account. D Record cost of goods sold. E Record the entry to write-off uncollectible accounts. F Record the entry for loan granted to Eden Company for one year term at 8 percent interest rate. G Record cash paid for operating expenses. H Record cash collected from accounts receivables. I Record cash payment for accounts payable. J Record cash dividend paid to the stockholders. K Record sales on credit card payment with 3% service charge. L Record cost of goods sold. M Record the entry for uncollectible accounts, estimated to be 1.5 percent of sales on account. N Record entry for accrued interest at December 31, Year 2. A Record the issuance of additional common stock. B Record purchase of inventory on account. C Record sale of inventory on account. D Record cost of goods sold. E Record the entry to write-off uncollectible accounts. F Record the entry for loan granted to Eden Company for one year term at 8 percent interest rate. G Record cash paid for operating expenses. H Record cash collected from accounts receivables. I Record cash payment for accounts payable. J Record cash dividend paid to the stockholders. K Record sales on credit card payment with 3% service charge. L Record cost of goods sold. M Record the entry for uncollectible accounts, estimated to be 1.5 percent of sales on account. N Record entry for accrued interest at December 31, Year 2
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