Question
I need help turing these trasnactions into a journal entry. A B July Transactions 7/1 7/1 7/2 7/5 7/5 7/15 7/15 7/15 7/30 7/30 The
I need help turing these trasnactions into a journal entry.
A B July Transactions 7/1 7/1 7/2 7/5 7/5 7/15 7/15 7/15 7/30 7/30 The company paid the monthly rent 2400 Paid on account for an ad in the local radio station for $900 Paid the first installment due for the purchase of the Ice Cream Equipment (total $3400) Purchased the following inventory items: Description Quantity in LB Price Milk Sugar Cacao Butter 240 $ 190 $ 120 $ 130 $ 2.95 1.65 3.75 3.25 Total Cost $ 708.00 $ 313.50 $ 450.00 $ 422.50 Incurred $75 of freight cost, which they paid in cash All the inventory left over from June and purchased July was fully utilized in making the ice cream in July Paid in full the Furniture purchased on account in June. Paid in full the cost of the laptop Paid in full the cost of the QuickBooks software Paid the salaries of the two employees for July Collected $8,900 in cash sales Instructions Project Instructions I July T Account Ledger July General Journal I July FIFO July Trial Balance July Income Statement July Balance Sheet
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