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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
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 suppliers 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). Prepare a journal 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 millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 45 Record the entry for situation 1. Note: Enter 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 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 (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 5 Ivote: cnter dediss derore crediss. Prepare a journal 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 millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Note: Enter 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 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 (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Note: Enter 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 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 (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 123 Note: Enter debits before credits
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