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company had the following transactions in 2019 Potato Chip Solutions produces and sells farm equipment and sorting systems for businesses near the Holland Marsh
company had the following transactions in 2019 Potato Chip Solutions produces and sells farm equipment and sorting systems for businesses near the Holland Marsh in Ontario. The company offers a 60-day all equipment and labour-and an extra 90-day parts-only-warranty on all of its products. The (Click on the icon to view all the transactions in 2019.) Required 1. Journalize the above transactions 2. Show the appropnate financial statement presentation for all liabilities Requirement 1. Journalize the transactions January 31 Sales for the month totalled $350 000 (not including HST), of which 95 percent were on credit. The company collects 13 percent HST on all sales and estimates its warranty costs at 2 percent of sales (Record debits first, then credits. Exclude explanations from journal entries Choose "no journal entry" on the top line if no journal entry is required) Date Jan 2019 General Journal Accounts Debit Credit
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