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I need help with this assignment with entering the transactions in order and in the correct accounts l see it consist of 12 to 13
I need help with this assignment with entering the transactions in order and in the correct accounts l see it consist of 12 to 13 separate transactions and this is the whole assignment right here please help me im confused....
CP7-2 (Periodic Inventory) McBride Company has the following opening account balances in its normal subsidiary January 1 and uses the periodic inventory system. All accounts have debit balances. GENERAL LEDGER Account January 1 Number Account Title Opening Balance 101 Cash $33,750 112 Accounts Receivable 13,000 115 Notes Receivable 39,000 120 Inventory 20,000 126 Supplies 1,000 130 Prepaid Insurance 2,000 157 Equipment 6,450 158 Accumulated Depreciation. 1,500 201 Accounts Payable 35,000 301 l Owner's Capital 78,700
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