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Cash 100,000 Banks 25,000 Bank Loans 110,000 Notes Receivable 30,000 Merchandise Inventory 310,000 Notes Payable 80,000 Fixtures 200,000 Transportation Equipment 70,000 Mr. Robbert started his

Cash

100,000

Banks

25,000

Bank Loans

110,000

Notes Receivable

30,000

Merchandise Inventory

310,000

Notes Payable

80,000

Fixtures

200,000

Transportation Equipment

70,000

Mr. Robbert started his business at March, 1 with the above assets and liabilities. The intra-period transactions of the business are as follows:

December 4: The amount of $ 125,000 merchandise inventory is sold, of which 80,000 $ is paid in cash.

December 10: The rent amounting to $ 15.000 is paid through banks.

December 15: Buyer deposits 40.000 $ in the bank account of the business in return for his debt.

December 20: Merchandie inventory worth 30.000 $ are purchased. 20.000 $ part of the cost of the goods is due. A check is given for the remaining amount.

December 24: Goods worth $ 40,000 were sold. For the amount of 15.000 $ of the cost of the goods, a check was received for the remaining amount.

December 26: Due debt amounting to $ 60.000 has been paid.

December 28: The amount of checks received on December 24 was collected through banks.

December 30: Stationery material amounting to $ 2000 was purchased for cash.

a)Let's record what Robbert had on his first job as a journal entry. If there is a missing item, you have to calculate it and replace it

b) Afterwards, save the inra-period transactions as journal entrie and ledger.

This lesson is Accounting principles. Can you clearly explain debit side and credit side and also ledger and journal entries. If make a clear table, i will understand and give like <3. be detail pls.

Thanks

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