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Greatob Company buys and sells home appliances and uses the perpetual inventory system. The company has a year-end of December 31. During 2017, the company

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Greatob Company buys and sells home appliances and uses the perpetual inventory system. The company has a year-end of December 31. During 2017, the company had the following transactions Jan 15 Purchased vacuum cleaners worth $41,000 from X Wholesalers, on account. Feb 15 Paid the full amount owing to X Wholesalers. May 8 Received utilities bill for $2,200, to be paid exactly after 15 days. May 23 Paid the utilities bill which was received on May 8. Prepare journal entries to record the above transactions Do not enter dollar signs or commas in the input boxes. Account Title and Explanation Date Debit Credit Jan 15 To record purchase of vacuum cleaners Feb 15 Accounts Payable Cash To record payment to X Wholesalers May 8 Utilities Expense Accounts Payable Cash To record payment to X Wholesalers May 8 Utilities Expense Accounts Payable To record utilities expense May 23 Accounts Payable Cash To record payment of accounts payable

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