Question
Comprehensive Problem 6 (Part Level Submission) On December 1, 2017, Annalise Company had the account balances shown below. Debit Credit Cash $5,000 Accumulated DepreciationEquipment $1,200
Comprehensive Problem 6 (Part Level Submission) On December 1, 2017, Annalise Company had the account balances shown below. Debit Credit Cash $5,000 Accumulated DepreciationEquipment $1,200 Accounts Receivable 5,000 Accounts Payable 3,400 Inventory 1,800 * Owners Capital 28,200 Equipment 21,000 $32,800 $32,800 *(3,000 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.78 per unit. 5 Sold 4,500 units of inventory on account for $0.94 per unit. (It sold 3,000 of the $0.60 units and 1,500 of the $0.78.) 7 Granted the December 5 customer $177 credit for 200 units of inventory returned costing $118. These units were returned to inventory. 17 Purchased 2,000 units of inventory for cash at $0.84 each. 22 Sold 2,200 units of inventory on account for $0.99 per unit. (It sold 2,200 of the $0.78 units.) Adjustment data: 1. Accrued salaries payable $400. 2. Depreciation $400 per month. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. Journalize the December transactions and adjusting entries, assuming Annalise uses the perpetual inventory method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record sales revenue.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record cost of goods sold.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record sales returns.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record cost of sales returns.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record sales revenue.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record cost of goods sold.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record accrued expense.) Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer (To record depreciation expense.) LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 3 of 15 used SAVE FOR LATER SUBMIT ANSWER Expand question part (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d1) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d2) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (e) and (f) The parts of this question must be completed in order. This part will be available when you complete the part above.
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