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All one question!!! PLEASE HELP I DONT UNDERSTAND!!!!! will give like if completely answered!!!! Required information (The following information applies to the questions displayed below.)
All one question!!! PLEASE HELP I DONT UNDERSTAND!!!!! will give like if completely answered!!!! Required information (The following information applies to the questions displayed below.) The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020 Account Title Debits Credits Cash 4,800 Accounts receivable 1,800 Inventory 4,800 Equipment 10,800 Accumulated depreciation 3,300 Accounts payable 2,800 Common stock 10,000 Retained earnings 6,1ee Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends 22,200 22,200 Totals e Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals e e 22, 2ee 22,200 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, $3,300. The cost of the merchandise was $1,800. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,3ee from the Strong company. 4 Received a $15e invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2. 8 Sold merchandise on account for $4,880. The cost of the merchandise was $2,600. 1e Purchased merchandise on accou for $9.400 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong company. 18 Received $3,880 from customers on account. 2e Paid $8ee to the owner of the building for January's rent. 30 Paid employees $2,Bee for salaries for the month of January. 31 Paid a cash dividend of $1,eee to shareholders. 1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts. (Enter the date of the transaction in the column next to the amount.) Cash 4,800 Accounts Receivable Beg. bal Beg bal End. bal. 4.800 End, bal Inventory Equipment Bog, bal Bog, bal End, bal End, bal Accumulated Depreciation Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Common Stock Dividends Beg. bal. Beg. bal. End. bal. End, bal. Retained Earnings Sales Revenue Beg. bal. Beg. bal. End. bal. End. bal. Cost of Goods Sold Rent Expense Beg. bal. Beg. bal. End. bal. End. bal. End. bal. End, bal Salaries Expense Advertising Expense Beg. bal. Beg bal. End. bal. End, bal
All one question!!! PLEASE HELP I DONT UNDERSTAND!!!!! will give like if completely answered!!!!
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