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For each of the following situation, solve for a missing amount. In each case, there is only one debit entry and one credit entry
For each of the following situation, solve for a missing amount. 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 $840 at the beginning of the month and $630 at the end of the month. Credit sales totaled $8,400 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. Cash collected from customers $ 8,610 b. The Supplies account had a balance of $378 at the beginning of the month and $511 at the end of the month. The cost of supplies used during the month was $1,638. Calculate the cost of supplies purchased during the month. Cost of supplies purchased $ 1,771 c. Wages Payable had a balance of $287 at the beginning of the month. During the month, $2,660 of wages were paid to employees. Wages Expense accrued during the month totaled $2,870. 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 45 8 Record the credit sales. Note: Enter debits before credits. Event General Journal Debit Credit a1. Accounts receivable 8,400 Sales revenue 8,400 Journal entry worksheet < 3 4 5 6 Record the purchase of supplies on Cash Note: Enter debits before credits. Event General Journal Debit b1. Supplies expense 1,771 Supplies Cash Credit 133 1,638 Journal entry worksheet < 4 5 8 Record the amount of cash collected from customers during the month. Note: Enter debits before credits. Record the credit sales. Record the amount of cash collected from customers during the month. Record the purchase of supplies on Cash 4 Record the supplies used during the month. Record the wages accrued for the month. 6 Record the wages paid during the month.
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