how's the adjusting entries to the ledger T accounts. Post entries in order of journal entries presented above. For accounts that have a zero balance select 12/31. Balance from the list and enter zero for the amount on the normal balance side of the account.

During December, the company completed the following transactions. Dec. 7 Received $3,640 cash from customers in payment of account (no discount allowed). 12. Purchased merchandise on account from Greene Co. 512.400 , terms 1/10, n/30 17 Sold merchandise on account $16.900, terms 2/10, rv/30. The cost of the merchandise sold was $10,2 19 Paid salaries $1,800. 22 Paid Greene Co, in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,670 cash from customers in payment of account (no discount allowed). Journalize the December transactions. (Assume a perpetual inventory system. / Credit account tities are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry' for the account titles and enter O for the amount Wist all debit entries before credit entries.) when amount is entered. Do not indent manuolly. Record Joumal entries in the order presented in the problem. If no entry Is required, select "No Entry" for the account titles and enter o for the amounts. (ist all debit entries before credit entries) Inventory (To record cost of goods sold) Salarles and Wages Expense Cash Dec.22 Accounts Payable 12,400 Inventory Cash 12. Dec. 26 Y Cash 16,562 Sales Discounts Sales Discounts Accounts Receivable Cash 2,670 Accounts Receivable (b) Your Answer Correct Answer (Used) - Your answer is partially correct. Notes Receivable 12/1BaL2,200 Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable CommonStock Retained Earnings Sales Revenue Sales Discounts Sales Discounts Cost of Goods Sold \begin{tabular}{|c|c|c|} \hline 12/37 & 40,200 \\ \hline \end{tabular} Salaries and Wages Expense \begin{tabular}{|c|c|} \hline & Solaries and Wage \\ \hline 12/19 & 1,800 \\ \hline \end{tabular} (c) Your Arswar Corcect Arswer (Used) The statement from Lyon County Bank on December 31 showed a balance of $27.796. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank collected the $2,200 note receivable for Sandhill Company on December 15 through electronic funds transfer. 2. The December 31 receipts were deposited in a night deposit vault on December 31 . These deposits were recorded by the bankin January. 3. Checks outstanding on December 31 totaled $1,260. 4. On December 31, the bank statement showed a NSF charge of $790 for a check received by the company from M. Lawrence, a customer, on account. Prepare a bankreconciliation as of December 31 based on the avallable information.(Hint: The cash balance per books is $27.796. This can be proven by finding the balance in the Cash account from parts (a) and (b)) (List iterns that increase bolance as per bank \& books first. (d) Your Answer Correct Answer (Used) - Your answer is partially correct. 1. Depreciation $220 permonth. 2. Insurance expired $470. 3. Income tax expense was $260. It was unpaid at December 31 . Journalize the adjusting entries resulting from the bank reconciliation and adjustment data. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) 31 Accounts Rcorivable (To record NSF check) 31 Deoreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense) 31 Insuirance Expense Prepald insurance (To record insurance expense) 31. Income Taxk Expense Income Troc Psyabie Post the adjusting entries to the ledger T-accounts. (Post entries in the order of joumal entries presented above. For occounts that hove a zero balance select "12/31 Bol." from the llst and enter 0 for the amount on the normal balance side of the occount) Notes Receivable Accounts Receivable \begin{tabular}{|c|c|c|c} \hline 12/1 Bal. & 7,650 & 12/7 & 3,640 \\ \hline 12/17 & 16,900 & 12/26 & 16,900 \\ \hline & & 12/31 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{1}{c|}{ Inventory } & \\ \hline 12/1 Bal: & 17,000 & 12/17 & 10,200 \\ \hline 12/12 & 12,400 & 12/22 & \\ \hline & & & 124 \\ \hline \end{tabular} Accounts Payable \begin{tabular}{|c|c|c|c|} \hline & Accounts Payable \\ \hline 12/22 & 12.400 & 12/1Bal & 6,010 \\ \hline & & 12/12 & 12.400 \\ \hline & & & \\ \hline \end{tabular} Income Taxes Payable Common Stock Retained Earnings Salaries and Wages Expense Insurance Expense 12/19 Insurance Expense Income Tax Expense eTextbook and Media List of Accounts During December, the company completed the following transactions. Dec. 7 Received $3,640 cash from customers in payment of account (no discount allowed). 12. Purchased merchandise on account from Greene Co. 512.400 , terms 1/10, n/30 17 Sold merchandise on account $16.900, terms 2/10, rv/30. The cost of the merchandise sold was $10,2 19 Paid salaries $1,800. 22 Paid Greene Co, in full, less discount. 26 Received collections in full, less discounts, from customers billed on December 17. 31 Received $2,670 cash from customers in payment of account (no discount allowed). Journalize the December transactions. (Assume a perpetual inventory system. / Credit account tities are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry' for the account titles and enter O for the amount Wist all debit entries before credit entries.) when amount is entered. Do not indent manuolly. Record Joumal entries in the order presented in the problem. If no entry Is required, select "No Entry" for the account titles and enter o for the amounts. (ist all debit entries before credit entries) Inventory (To record cost of goods sold) Salarles and Wages Expense Cash Dec.22 Accounts Payable 12,400 Inventory Cash 12. Dec. 26 Y Cash 16,562 Sales Discounts Sales Discounts Accounts Receivable Cash 2,670 Accounts Receivable (b) Your Answer Correct Answer (Used) - Your answer is partially correct. Notes Receivable 12/1BaL2,200 Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable CommonStock Retained Earnings Sales Revenue Sales Discounts Sales Discounts Cost of Goods Sold \begin{tabular}{|c|c|c|} \hline 12/37 & 40,200 \\ \hline \end{tabular} Salaries and Wages Expense \begin{tabular}{|c|c|} \hline & Solaries and Wage \\ \hline 12/19 & 1,800 \\ \hline \end{tabular} (c) Your Arswar Corcect Arswer (Used) The statement from Lyon County Bank on December 31 showed a balance of $27.796. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank collected the $2,200 note receivable for Sandhill Company on December 15 through electronic funds transfer. 2. The December 31 receipts were deposited in a night deposit vault on December 31 . These deposits were recorded by the bankin January. 3. Checks outstanding on December 31 totaled $1,260. 4. On December 31, the bank statement showed a NSF charge of $790 for a check received by the company from M. Lawrence, a customer, on account. Prepare a bankreconciliation as of December 31 based on the avallable information.(Hint: The cash balance per books is $27.796. This can be proven by finding the balance in the Cash account from parts (a) and (b)) (List iterns that increase bolance as per bank \& books first. (d) Your Answer Correct Answer (Used) - Your answer is partially correct. 1. Depreciation $220 permonth. 2. Insurance expired $470. 3. Income tax expense was $260. It was unpaid at December 31 . Journalize the adjusting entries resulting from the bank reconciliation and adjustment data. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) 31 Accounts Rcorivable (To record NSF check) 31 Deoreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense) 31 Insuirance Expense Prepald insurance (To record insurance expense) 31. Income Taxk Expense Income Troc Psyabie Post the adjusting entries to the ledger T-accounts. (Post entries in the order of joumal entries presented above. For occounts that hove a zero balance select "12/31 Bol." from the llst and enter 0 for the amount on the normal balance side of the occount) Notes Receivable Accounts Receivable \begin{tabular}{|c|c|c|c} \hline 12/1 Bal. & 7,650 & 12/7 & 3,640 \\ \hline 12/17 & 16,900 & 12/26 & 16,900 \\ \hline & & 12/31 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{1}{c|}{ Inventory } & \\ \hline 12/1 Bal: & 17,000 & 12/17 & 10,200 \\ \hline 12/12 & 12,400 & 12/22 & \\ \hline & & & 124 \\ \hline \end{tabular} Accounts Payable \begin{tabular}{|c|c|c|c|} \hline & Accounts Payable \\ \hline 12/22 & 12.400 & 12/1Bal & 6,010 \\ \hline & & 12/12 & 12.400 \\ \hline & & & \\ \hline \end{tabular} Income Taxes Payable Common Stock Retained Earnings Salaries and Wages Expense Insurance Expense 12/19 Insurance Expense Income Tax Expense eTextbook and Media List of Accounts