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Exercise 21-6 (Static) Summary entries for cash paid to suppliers of merchandise [LO21-3] For each of the five independent situations below, prepare a journal entry

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Exercise 21-6 (Static) 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 relate 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 suppliers for each situation. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). 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 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 millions (i.e., 10,000,000 should be entered as 10). Show less A Journal entry worksheet 4 5 Record the entry for situation 1. Note: Enter debits before credits. Journal entry worksheet 1 34 5 Note: Enter debits betore credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 13 Record the entry for situation 4 . Note: Enter debits before credits. Journal entry worksheet

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