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Exercise 2 1 - 6 ( Algo ) Summary entries for cash paid to suppliers of merchandise [ LO 2 1 - 3 ] For
Exercise Algo Summary entries for cash paid to suppliers of merchandise LO
For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments to inventories in order to determine the amount of cash paid to suppliers. All dollars are in millions.
Complete this question by entering your answers in the tabs below.
Cash Paid to
General
Supp
Journal
Calculate the amount of cash paid to suppliers for each situation.
Note: Enter your answers in millions rounded to decimal place ie should be entered as
tableSituationtableCost of GoodsSoldtableInventory IncreaseDecreasetableAccounts PayableIncrease DecreasetableCash Paid toSuppliers
I NEED THE JOURNAL ENTIES ANSWERS TOO FOR EAXG TRANSACTION
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