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i need help with sales revenue. Jul. 17 Purchased 77 watches for $11,550 ($150 per watch) on account. Jul. 31 Sold 58 watches for $39,440

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i need help with sales revenue.

Jul. 17 Purchased 77 watches for $11,550 ($150 per watch) on account. Jul. 31 Sold 58 watches for $39,440 cash. Aug. 12 Purchased 58 watches for $9, 280 ($160 per watch) cash. Aug. 22 Sold 48 watches for $32,640 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $19,584 for watches sold on account on August 22. Oct. 27 Purchased 125 watches for $21,250 ($170 per watch) cash. Nov. 20 Sold 108 watches for $73,440 cash. Dec. 4 Purchased 118 watches for $21, 240 ($180 per watch) on account. Dec. 8 Sold 58 watches for $39, 440 on account. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Require... General General Journal | Ledger Trial Balance Income Balance Statem... | Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the closure of revenue accounts. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31 Sales Revenue Interest Revenue Service Revenue 165 49,000 Record entry View general journal Clear entry

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