Cuenes LCD Get & Transform Data March 2021 Transactions Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank (As an example of how to journalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000 Note Payable owed to Little Bank. The cash to pay off the note is taken out of Big Bank. Also pay to Little Bank $450 for interest owed on the Note Payable for February The $450 cash is also taken out of Big Bank March 1 Take $5,000 cash out of Big Bank to pay for March's rent March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank March 10 Sale of inventory to a customer-selling price 573,000 - cost of the inventory sold 523,000 The customer pays cash. The cash is deposited into Late Bank March 15 Take 26.000 cash out Gittle Bank to pay employees for wages they have eamed March 16 Purchase 579.750 of additional inventory. OP3 will pay the manufacturer 50% of the 579,750 in 10 days OPJ will pay the remaining 50% in 30 days March 17 Sale of inventory to a customer - selling price 5113,000 - cost of the inventory sold 533,000 The customer will pay for the purchase in 30 days March 20 Sale o inventory to a customer-selling price 5165 500 - cost of the inventory sold $40.750 The rumor threats and The the Trans Chan Acts Journal GL Assets GL Labat GL Rep Trala IS ORE Balsht Post C ham 2 3 5 6 8 V Q w Yob W E R. . From Web Stocks Geography Refresh All Sort From Tabte/Range Edit Links Get & Transform Data Queries & Connections Data Types for The customer pays cash. The cash is deposited into Little Bank March 15 Take $26,000 cash out of Little Bank to pay employees for wages they have eamed. March 16 Purchase $79.750 of additional inventory. OPJ will pay the manufacturer 50% of the $79.750 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer-selling price 5113,000 -- cost of the inventory sold $33,000 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer-selling price $165,500 - cost of the inventory sold 540,750, The customer pays $35,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days March 22 Purchase inventory for $42.000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank March 30 Take 530,500 cash out - ittle Bank to pay employees for wages they have earned Additional Information Note Payable Big Banke Interest due to Big Bank on the Note Payable for the month of March is 5960: As of March 31 OPJ owes Big Bank a total of S1,560 for interest (5600 for February + 5960 for March) Interest will be paid to Big Bank in June. Trans Chart Accts Journal GL Assets GL Lab Equity GL Rev Exp Post Trial Bal IS & RE Balsh