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: 2. Accounts Receivable had a balance of $720 at the beginning of the month and $540 at the end of the month. Credit sales totaled $7.200 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 $324 at the beginning of the month and $438 at the end of the month. The cost of supplies used during the month was $1.404. Calculate the cost of supplies purchased during the month. Cost of supplies purchased cearch E a SON Help Say - Wages Payable had a balance of $246 at the beginning of the month. During the month, $2,280 of wages were paid to employees Wages Expense accrued during the month totaled $2,460. 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 1 2 3 4 5 6 Record the credit sales. arch o 1 Record the credit sales. 2 Record the amount of cash collected from customers during the month. 3 Record the purchase of supplies on Cash 4 Record the supplies used during the month. 5 Record the wages accrued for the month. 6 Record the wages paid during the month. Note : journal entry has been entered quirement 2: pare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "Ne uired" in the first account field.) View transaction list View journal entry worksheet No Event General Journal Debit Credit Prev 4 of 5 Next >