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As a manager of this company, you have to process the following current liability transactions: 1 - I buy merchandise for a total amount of

As a manager of this company, you have to process the following current liability transactions:

1 - I buy merchandise for a total amount of 8,000. Form of payment 400 in cash per box, 3,600 in cash by bank check, 3,000 is accepted as a bill of exchange with a maturity of 3 months and the remaining 1,000 are owed without more formality than making the payment in six months.

2 - After three established months, the company pays the amount of the commercial effect through a bank account and accepts another commercial effect for the outstanding debt.

3 - After six months, the company makes payment of the previous bill through a sight savings account.

3 - The expenses for foreign services accrued in the fiscal year were

Commercial rent 400

Repair of a building installation 250

Sales Transportation 400

Furniture fire insurance premium 380

Announcement in various advertising media 900

Prepare journal entries to record the following transactions

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