Example AAAA paid $5,000 for salary this week 1 Purchased merchandise for $20,000 and paid cash. 2 The company repaid a $10,000 loan owing to the Servus Credit Union 3 The company issued 10,000 common shares for $100,000 4 Sales on credit during the month were $100,000. 7 9 S The cost of the inventory that was sold to customers in #4 was $60,000. Supplies for $4,000 were purchased on credit. Several customers paid $18,000 in advance for goods that will be delivered in 2022. 8 Paid the amount owing in #6 above. 9 Half of the supplies bought in #6 had been used up in the month. 10 Received half of the amount owed from customers in #4 above. DEBIT Wage expense CREDIT Cash Time left 1:55:21 Accounts Payable Accounts Receivable Bank Loan Payable Building vious page for goods that will be delivered in 2022 paid $10,000 in advance Paid the amount owing in 6 above 9 Half of the supplies bought in #o had been used up in the month 10 Received half of the amount owed from customers in #4 above. Accounts Payable Accounts Receivable Bank Loan Payable Building Cash Common Shares Cost of Goods Sold Dividends Declared Dividends Payable Interest expense Insurance expense Land Prepaid insurance Rent expense Supplies Supplies expense Unearned revenue Inventory Sales revenue Wage expense Next page