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given the info from photo number 1, need help filling out the ledger t-accounts in the last few photos. All the same question. CALCULATOR PRINTER
given the info from photo number 1, need help filling out the ledger t-accounts in the last few photos. All the same question.
CALCULATOR PRINTER VERSION Accounting Cycle Review 6 af On December 1, 2020, Coronado Company had the account balances shown below. Debit Credit Cash $5,100 Accumulated Depreciation-Equipment $1,200 Accounts Receivable 4,700 Accounts Payable 4,000 Inventory 2,040* Owner's Capital 26,640 Equipment 20,000 $31,840 $31,840 *(3,400 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. 5 Sold 5,200 units of inventory on account for $0.90 per unit. (Coronado sold 3,400 of the $0.60 units and 1,800 of the $0.74.) 7 Granted the December 5 customer $159 credit for 200 units of inventory returned costing $106. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 2,500 units of inventory on account for $0.95 per unit. (Coronado sold 2,500 of the $0.74 units.) Adjustment data: 1. Accrued salaries payable $700. 2. Depreciation $360 per month. Journalize the December transactions and adjusting entries, assuming Coronado uses the perpetual inventory method. (Credit account titles are automat indented when amount is entered. Do not indent ma ES Enter the December 1 balances in the ledger T-accounts and post the December Cash Accounts Receivable 4 ady . > 4 Inventory . . Equipment Accounts Payable B ECES Accounts Payable > + Accumulated Depreciation-Equipment > Eudy Salaries and Wages Payable Owner's Capital Sales Revenue + Salaries and Wages Expense Sales Revenue > Salaries and Wages Expense . Cost of Goods Sold Sales Returns & Allowances . Depreciation Expense LINK TOTECT Step by Step Solution
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