Homepage Question 4 - T. X Justin text U @ https://ezto.mhed... to Not syncing Savod ers 12 and 13 0 Help Save Exit Subm The following selected transactions relate to liabilities of Chicago Glass Corporation for 2021. Chicago's fiscal year ends on December 31. 1. On January 15, Chicago received $6,000 from Henry Construction toward the purchase of $56,000 of plate glass to be delivered on February 6. 2. On February 3, Chicago received $5.700 of refundable deposits relating to containers used to transport glass components. 3. On February 6. Chicago delivered the plate glass to Henry Construction and received the balance of the purchase price. 4. First quarter credit sales totaled $600,000. The state sales tax rate is 4% and the local sales tax rate is 2%. Required: Prepare 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 Saved Help 13 G Save & Exit transaction list Surnal entry worksheet 2 3 its relating t On February 3, containers used No journal entry required Accounts payable ote: Enter debits befe Accounts receivable Debit Date 02/03/2021 Allowance for uncollectible accounts 5,700 Prev A 13 Next > action list nal entry worksheet 1 2 3 4 ts re Bad debt expense ebruary 3, ainers used t Bonds payable Cash Enter debits bef Cost of goods sold Del Date Deferred revenue 2/03/2021 Interact ovnence PIE Next > ction list al entry worksheet 3 4 1 N ts rela ebruary 3, iners used t Interest expense Interest payable Interest receivable hter debits befc Interest revenue Debi Date Inventory 5. 2/03/2021 Prey A of 18 Next Saved Help 113 Save & Exit w transaction list ournal entry worksheet 1 2 3 4 ts relating On February 3, containers used Liability - refundable deposits Notes payable Notes receivable ote: Enter debits befe Rent revenue Debit Date 02/03/2021 Salaries expense 5,700 Saver Help Save & Exit saction list nal entry worksheet 2 3 4 ts relating February 3, ainers used t Rent revenue Salaries expense Salaries payable Enter debits bef Sales revenue Debit Date 02/03/2021 Sales taxes payable 5,700 mm Prey of 13 Next > Homepage Question 4 - T. X Justin text U @ https://ezto.mhed... to Not syncing Savod ers 12 and 13 0 Help Save Exit Subm The following selected transactions relate to liabilities of Chicago Glass Corporation for 2021. Chicago's fiscal year ends on December 31. 1. On January 15, Chicago received $6,000 from Henry Construction toward the purchase of $56,000 of plate glass to be delivered on February 6. 2. On February 3, Chicago received $5.700 of refundable deposits relating to containers used to transport glass components. 3. On February 6. Chicago delivered the plate glass to Henry Construction and received the balance of the purchase price. 4. First quarter credit sales totaled $600,000. The state sales tax rate is 4% and the local sales tax rate is 2%. Required: Prepare 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 Saved Help 13 G Save & Exit transaction list Surnal entry worksheet 2 3 its relating t On February 3, containers used No journal entry required Accounts payable ote: Enter debits befe Accounts receivable Debit Date 02/03/2021 Allowance for uncollectible accounts 5,700 Prev A 13 Next > action list nal entry worksheet 1 2 3 4 ts re Bad debt expense ebruary 3, ainers used t Bonds payable Cash Enter debits bef Cost of goods sold Del Date Deferred revenue 2/03/2021 Interact ovnence PIE Next > ction list al entry worksheet 3 4 1 N ts rela ebruary 3, iners used t Interest expense Interest payable Interest receivable hter debits befc Interest revenue Debi Date Inventory 5. 2/03/2021 Prey A of 18 Next Saved Help 113 Save & Exit w transaction list ournal entry worksheet 1 2 3 4 ts relating On February 3, containers used Liability - refundable deposits Notes payable Notes receivable ote: Enter debits befe Rent revenue Debit Date 02/03/2021 Salaries expense 5,700 Saver Help Save & Exit saction list nal entry worksheet 2 3 4 ts relating February 3, ainers used t Rent revenue Salaries expense Salaries payable Enter debits bef Sales revenue Debit Date 02/03/2021 Sales taxes payable 5,700 mm Prey of 13 Next >
