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Current Attempt in Progress The following transactions of Jaker Ltd. occurred in the month of January: Date: 1 Borrowed $10,800 from the bank. 3 Issued
Current Attempt in Progress The following transactions of Jaker Ltd. occurred in the month of January: Date: 1 Borrowed $10,800 from the bank. 3 Issued 1,900 common shares for $19,000. 5 Purchased inventory on account totalling $21,200. 9 Bought computer equipment costing $6,900 for $3,400 cash and the balance on account. 15 (a) Made sales totalling $21,500, of which $7,700 were on account. (b) The cost of the products sold from inventory was $12.000 19 Made payments on accounts owing to suppliers totalling $12,900. 25 Collected on accounts from customers totalling $6,700. 27 (a) Made sales totalling $9,000, all on account. (b) The cost of the products sold from inventory was $6,500. 28 Employees earned wages of $2,100 during the month, of which $1,900 was paid. 28 incurred $700 of utititities expenses during the month. Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45). Indicate whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable". Post entries in the order presented in the problem statement) Accounts Date Cash Receivable Inventory Equipment Jan.1 Jan.3 Jan. 5 Jan. 93400 Jan.15 (a) Jan.15 (b) Jan. 19 select "Not Applicable". Post entries in the order presented in the problem statement.) " "Not Applicable." Post entries in the order presented in the problem statement.) (a) (b) Jan. 27 (a) (b) Jan. 28
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