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Draw the journal enteries for the following accounts con on financial statement me producer and distributor of Coca-Cola products in Ch Embotadora applies IRS Consider
Draw the journal enteries for the following accounts
con on financial statement me producer and distributor of Coca-Cola products in Ch Embotadora applies IRS Consider the following hypothetical information pertaining to botada Andina SA and reports results in thousands of Chilean pesos (5) Using we notions OS (Overitated), US understated) and NO ( Oct. We the con wabies and shareholders' equity as of Dec 31, 2013 of the followindependent errors or omissions. Ignore Income taxe implications for December 2013 and January 2014 The fim debited Rent Episod On December 1, 2013. Embora paid $120.000 in Gorontal of a bunding credited Cash for $120.000 on December and made no further ens regarding this rental expense On December 15, 2013, Embotelladora received $82,000 from a customer deposit on merchandine that Embotelladora expects to deliver in January 2014 The firm debited Cash and credited Sales Revenue with respect to this depan On December 1, 2013, the firm acquired a truck to be used to trampon beverato to customers. The truck costs $98,000, has zero salvage value and is expeded to be used over 4 years. The firm registered Truck Expense debit and credited Cash d. On December 15, 2013, Embotelladora purchased office supplies costing 506.800 It recorded the purchase by debiting Office Supplies Inventory and debiting Cash On December 31, the Office Supplies Inventory account had a balance of $27.700 Based on a physical count on December 31, office supplies costing $24,600 were on hand. The firm made no adjusting entry after this counting e Embotelladora incurred interest expense of $34,500 for December on a 60-day loan obtained on December 1, 2013. The firm properly recorded the loan but made no entry to record interest expense of the month. The loan is payable on January 31, 2014 (including interest payment). f. Embotelladora purchased merchandise on account costing $17,900 on December 23, 2013, debiting Merchandise Inventory and crediting Accounts Payable. The firm paid on December 28, 2013 by debiting Cost of Goods Sold and crediting Cash, but has not sold the merchandise by December 31, 2013 Tons france Step by Step Solution
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