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can i please get this corrected? thank you No Date General Journal Debit Credit 1 January 08 95 Inventory Accounts Payable 95 2 January 08

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can i please get this corrected? thank you

No Date General Journal Debit Credit 1 January 08 95 Inventory Accounts Payable 95 2 January 08 274 Cash Sales Revenue Sales Tax Payable 25 249 x > 3 January 08 109 Cost of Goods Sold Inventory 109 4 April 30 58.400 Cash Notes Payable (long-term) 58.400 5 August 31 18.200 Cash Deferred Revenue 16.200 December 30 > 4.500 X Salaries and Wages Expense Cash FICA Payable Charitable Contributions Payable Withheld Income Taxes Payable 330 160 X 410 X 3.800 7 December 31 500 Payroll Tax Expense FICA Payable Unemployment Tax Payable 00 330 X 170 x x 8 December 31 > 1,504 Interest Expense Interest Payable 1,504 9 December 31 8.200 Deferred Revenue Rent Revenue O 8,200 X Fit for Life (FFL) operates a fitness center and snack lounge. The following is a partial list of FFL transactions during its year ended December 31. FFL adjusts its records only at year-end. January 6 Purchased and received 50 nutritional bars for $95, n/45. January 8 FFL sold 60 nutritional bars to Big Jim for $414 cash, which includes $39 of sales tax. April 30 FFL received $56,500 from Commerce Bank after signing a 24-month, 6 percent, promissory note. August 31 FFL signed a 6-month contract to sublease a portion of its building. FFL also received a $16,500 check for six months rent. December 30 FFL paid employees' net pay through December 31, using direct deposits totaling $3,830, for 250 total hours at a $19 hourly wage. The company had withheld FICA of $335, United Way contributions of $170, and income tax of $415. December 31 FFL adjusted the accounts at year-end, relating to (a) employer payroll taxes, including FICA and $180 of unemployment taxes, (b) interest, and (c) rent. Required: 1. Calculate the cost of goods sold on January 8, assuming FFL began the year with an inventory of 50 nutritional bars at a unit cost of $1.80 ($90 total cost), had no other inventory transactions prior to January 6 and 8, and reports its inventory costs using FIFO. 2. For each of the above dates, prepare the required journal entries (using a perpetual inventory system) and the adjusting journal entries

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