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i attempted it, but its saying my answers are not complete and i do not know the ones im missing. thank you! 6 0 art
i attempted it, but its saying my answers are not complete and i do not know the ones im missing. thank you!
6 0 art 2 of 2 Required information The following information applies to the questions displayed below) The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020 Account Title Debits Credits Cash 4,700 Accounts receivable 1,700 Inventory 4,700 Equipment 10,700 Accumulated depreciation 3,200 Accounts payable 2,700 Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Hent expense Advertising expense Totals 21,800 21,800 a 6.900 | 121,09 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, 53.200. The cost of the merchandise was $1,700. The company uses the perpetual Inventory system 2 Purchased equipment on account for 55,200 fro the strong company 4 Received 5200 invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2. Sold erchandise on count for 54,700. The cost of the archandise was $2.500 10 Purchased archandise on account for $9.50 13 Purchased count for cash 500 16 Pald the entire mount to the strong company 6 16 Paid the entire angunt due to the strong company. 18 Received $3,700 from customers on account. 20 Paid $900 to the owner of the building for January's rent. 30 Paid employees $2,700 for salaries for the month of January 31 Paid a cash dividend of $900 to shareholders. Part 2 of 3 1.& 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts. (Enter the date of the transaction in the column next to the amount.) 0 soints Beg Cash 4.700 3 200 3.700 Answer is not complete. Accounts Receivable Beg ba 1.700 1/8 4.700 3.700 1/1 1/18 1/18 9001/13 5.2001/16 900 120 2.700 1/30 900131 OOOOO End bal 1.000 End bal 2.700 Beg bal 110 Inventory 4700 9350 1.700 2.500 Beg bal 112 Equipment 10.700 5.200 OO 1/13 900 (End 9350 ES 16.000 bal 6 1 Required information Accumulated Depreciation Accounts Payable 2,700 Part 2 of 3 Beg bal 3,200 Beg bal 1/16 5.200 5.20012 0 Points 9,350 1/10 End bal 3.200 End bal 12,050 Common Stock 9.000 Accrued Liabilities Beg bal Bag bal 0 End bal 9.000 End bal Dividends Beg Beg bal Retained Earnings 6.900 1/31 900 (End bal 900 End bal 6.900 Sales Revenue Cost of Goods Sold Beg bal Beg bal 1/1 1/1 3,200 4,700 >> 1,700 2,500 1/8 1/8 End bal 7.900 End bal 4,200 Rent Expense Salaries Expense Beg bal Beg bal 1/30 1/20 900 2,700 End bal 900 End bal 2.700 Advertising Expense Beg bol 174 200 Step by Step Solution
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