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For each of the following situation, solve for a missing amount. Prepare journal entries for the information provided. In each case, there is only one
For each of the following situation, solve for a missing amount. Prepare journal entries for the information provided. In each case, there is only one debit entry and one credit entry in the account during the month. Requirement 1: a. Accounts Receivable had a balance of $1,440 at the beginning of the month and $1,080 at the end of the month. Credit sales totaled $14,400 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. Cash collected from customers b. The Supplies account had a balance of $648 at the beginning of the month and $876 at the end of the month. The cost of supplies used during the month was $2,808. Calculate the cost of supplies purchased during the month. Cost of supplies purchased c. Wages Payable had a balance of $492 at the beginning of the month. During the month, $4,560 of wages were paid to employees. Wages Expense accrued during the month totaled $4,920. Calculate the balance of Wages Payable at the end of the month Wages payable Requirement 2: Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 Record the credit sales. Note: Enter debits before credits. Event General Journal Debit Credit al
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