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Exercise 21-6 (Algo) Summary entries for cash paid to suppliers of merchandise [LO21-3] For each of the five independent situations below, prepare a journal entry
Exercise 21-6 (Algo) Summary entries for cash paid to suppliers of merchandise [LO21-3] For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments related 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. Calculate the amount of cash paid to suppiliers for each situation. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). Complete this question by entering your answers in the tabs below. Prepare a journal entries that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash pald to suppliers. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5 ). Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare a journal entries that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppllers. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). Show less a Journal entry worksheet Prepare a joumal entries that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millilons rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 5 Record the entry for situation 3 . Notel Inter debits before credits. Prepare a journal entries that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppllers. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (h.e., 5,500,000 should be entered as 5.5 ). Journal entry worksheet Show Insis
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