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he X Dashboard COMM293B_MD Fall 2020.pdf + File C:/Users/Admin/Downloads/COMM293B_MD_Fall_2020.pdf Question II (15 marks} (approximately 16 minutes) REQUIRED Prepare the journal entries to record each of
he X Dashboard COMM293B_MD Fall 2020.pdf + File C:/Users/Admin/Downloads/COMM293B_MD_Fall_2020.pdf Question II (15 marks} (approximately 16 minutes) REQUIRED Prepare the journal entries to record each of the following transactions for McGregor Systems, assuming a perpetual system. Write "none" if no entry is appropriate. 30 Wayne McGregor accrued an April rent, $1,550 Oct 1 Three months' rent is paid for in advance at the landlord's request, $4,650 12 Rhonda Walker was hired as an assistant. She will be paid at the rate of $2,000 monthly receiving salary bi-weekly, on the 15th and 30 of each month. She will begin work on May 15 15 Purchased on account inventory, 600 items, $42 each. The fright cost $400. Fob destination 16 Returned 25 defective inventory items 16 Sold 504 units of inventory, at $50 each. 2/10, n25. The fright cost $400. Fob shipping point 26 Received payment for the inventory sold on May 16 27 Sold on credit the rest of the inventory bought on May 15 asking $52 per unit. The fright cost $400. Fob shipping point 30 Received a payment for the May 26 transaction For full marks provide the calculation C LG
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