Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

H Journal 2 Debited Account Credited Account Debit Credit 3 PP&E 500.000 4 Cash 500.000 5 Operating Expenses 490.000 Cash 490.000 7 Inventory 2.175.000 8

image text in transcribed
H Journal 2 Debited Account Credited Account Debit Credit 3 PP&E 500.000 4 Cash 500.000 5 Operating Expenses 490.000 Cash 490.000 7 Inventory 2.175.000 8 Cash 2.175.000 9 Inventory 700.000 10 Accounts Payable 700.000 11 Cash 937.500 12 COGS 750.000 13 Revenue 937.500 14 Inventory 750.000 15 Cash 1.500.000 16 COGS 937.500 17 Revenue 1.500.000 18 Inventory 937.500 19 Depreciation Expense 50.000 20 Accumulated Depreciation 50.000 21 Total 8.040.000 8.040.000 22H Journal 2 Debited Account Credited Account Debit Credit 3 PP&E 500.000 4 Cash 500.000 5 Operating Expenses 490.000 Cash 490.000 7 Inventory 2.175.000 8 Cash 2.175.000 9 Inventory 700.000 10 Accounts Payable 700.000 11 Cash 937.500 12 COGS 750.000 13 Revenue 937.500 14 Inventory 750.000 15 Cash 1.500.000 16 COGS 937.500 17 Revenue 1.500.000 18 Inventory 937.500 19 Depreciation Expense 50.000 20 Accumulated Depreciation 50.000 21 Total 8.040.000 8.040.000 22

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Accounting

Authors: Charles T Horngren, John A Elliott

9th Edition

0131479725, 978-0131479722

More Books

Students also viewed these Accounting questions

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago