Application Problem 2-6A The following transactions of Jaker Ltd. occurred in the month of January em? Hem 2 olem? Date: 1 Borrowed $10,300 from the bank 3 Issued 1,800 common shares for $18,000 5 Purchased Inventory on account totaling $20,300. 9 Bought computer equipment costing $6,600 for $3,300 cash and the balance on account 15 (a) Made sales totalling $20,500, of which $7,400 were on account. (b) The cost of the products sold from inventory was $11,500. 19 Made payments on accounts owing to suppliers totalling $12,300. 25 Collected on accounts from customers totalling $6,400. 27 (8) Made sales totalling $8,600, all on account. (b) The cost of the products sold from inventory was 55,200. 28 Employees eamed wages of $2,000 during the month, of which $1,800 was paid. 28 incurred $700 of utilities expenses during the month. Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number e... -45 Expenses or Dividends declared in the last column. In case if there is no effect then select "Wot Applicable Post entries in the order presented Assets Llabilities Shareholder Accounts Accounts Wages Loan Common Date Cash Recevable Inventory Equipment Payable Payable Payable Shares 2009-2020 W Inc. All Rights Reserved. A Division of WAS US Burnley, Understanding Financial Accounting, Second Canadian Edition Application Problem 2-6A The following transactions of Jaker Ltd. occurred in the month of January: Date: Borrowed $10,300 from the bank. 3 Issued 1,800 common shares for $18,000 5 Purchased Inventory on account totalling $20,300. 9 Bought computer equipment costing $6,600 for $3,300 cash and the balance on account. 15 (a) Made sales totalling $20,500, of which $7.400 were on account. (b) The cost of the products sold from inventory was $11,500. 19 Made payments on accounts owing to suppliers totalling $12,300. 25 Collected on accounts from customers totalling $6,400 27 (a) Made sales totalling $8,600, all on account. (b) The cost of the products sold from inventory was $6,200. 28 Employees eamed wages of $2,000 during the month, of which $1,800 was paid 28 Incurred $700 of utilities expenses during the month. Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number Expenses or Dividends declared in the last column. In case there is no effect then select "Not Applicable". Post entries in the order Assets Accounts Receivable Inventory Date Cash Liabilities Wages bl Accounts Payable Equipment Loan Payable Com Sh: (a) (b)