Advanced: 6 Paid 1,600 for salaries and wages due employees, of which E600 is for December and E1,000 is for November s 3 Received 2,100 cash from customers in payment of account (no discount allowed)10 Sold merchandise for cash 6,600. The cost of the merchandise sold was 4,10013 Purchased merchandise on account from Gong Co. 9,000, terms 2/10, n/3015 Purchased supplies for cash 2,000.18 Sold merchandise on account 12,000, terms 3/10, n/30. The cost of the merchandise sold was 8,400.20 Paid salaries and wages 1,800.23 Paid Gong Co. in full, less discount.27 Received collections in full, less discounts, from customers billed on December 18.

Instructions a. Journalize the April transactions using a periodic inventory system. b. Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. c. Prepare a trial balance on April 30, 2020. Tot. trial balance CHF6,488 d. Prepare an income statement through gross profit, assuming inventory on hand at April 30 is CHF2, 140. Gross profit CHF744 Comprehensive Accounting Cycle Review ACR5 On December 1, 2020, Jurczyk Distributing had the following account balances. Debits Credits Cash E 7,200 Accumulated Depreciation-Equipment E 2,200 Accounts Receivable 4,600 Inventory 12,000 Accounts Payable 4,500 Supplies 1,200 Salaries and Wages Payable 1,000 Equipment 22,000 Owner's Capital 39,300 E47,000 647,000 During December, the company completed the following summary transactions. Dec. 6 Paid E1,600 for salaries and wages due employees, of which E600 is for December and E1,000 is for November salaries and wages payable. 8 Received (2,100 cash from customers in payment of account (no discount allowed). an cold for noah co enn The anat of the chandion mold wing CA ann