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Can you help me, I need to answer the boxes by posting the entries in the T-acounts. Please provide the answer in an organized way
Can you help me, I need to answer the boxes by posting the entries in the T-acounts. Please provide the answer in an organized way such as placing them in boxes similar to the question's format so I may better understand. If you successfully help me, I will give you a thumbs up!
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,2020. The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, \$4,300. The cost of the merchandise was \$2, 800. The company uses the perpetual inventory system. 2 Purchased equipment on account for 36,300 from the Strone Coepany. 4 Received a $100 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 $5,800. The cost of the merchandiso was $3,600. 10 Purchased merchandise on account for $9,900. 13 Purchased equipment for cash, $700. 16 Paid the entire amount due to the 5trong Company. 18 Received $5,600 from customers on account. 20 Paid $700 to the owner of the building for January's rent. 30 Paid employees $3,800 for salaries for the month of January. 31 Paid a cash dividend of $1,090 to shareholders Step by Step Solution
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