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I need to create a journal Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The

I need to create a journal
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Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank. (Asp of how to four and post a on the traction ready been led into the Journal and posted to the radgor) March 1 Pay off the $60,000 Note Payable owed to Little Bank. The cash to pay off the note is taken out of Big Bank. Also pay to Little Bank $450 for interest owed on the Note Payable for February The $450 cash is also taken out of Big Bank. March 1 Take $5,200 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer - selling price $73,500 - cost of the inventory sold $23,000. The customer pays cash. The cash is deposited into Little Bank. March 15 Take $26,000 cash out of Little Bank to pay employees for wages they have earned. March 16 Purchase $82,250 of additional inventory. OPJ will pay the manufacturer 50% of the $82,250 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer - selling price $111,000 - cost of the inventory sold $33,000 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer-selling price $165,500 - cost of the inventory sold $38,750. The customer pays $35,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days March 22 Purchase inventory for $42,000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken Di Perak GL Rev-Exp Journal GL Assets AGL Lieb-Equity Chart Accts Directions tham Accessibility: Investigate Trial Bal IS&F onADGON Canon eorueso pay cash to pay on the amount duo. The cash is deposited into Big Bank March 10 Sala of inventory to a customer selling price $73,500 - cost of the inventory sold $23,000 The customeu pays cash. The cash is deposited into Little Bank. March 15 Take $26,000 cash out of Little Bank to pay employees for wages they have samed. March 16 Purchase $82,250 of additional inventory. OPJ will pay the manufacturer 50% of the $82.250 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer-selling price $111,000 - cost of the inventory sold $33,000 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer - selling price $165,500 - cost of the inventory sold 338.750. The customer pays $35,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $42,000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank. March 30 Take $32,500 cash out of Little Bank to pay employees for wages they have earned Additional Information Note Payable Big Bank: Interest due to Big Bank on the Note Payable for the month of March is $995. As of March 31 OPJ owes Big Bank a total of $1,595 for interest ($600 for February + $995 for March), Interest will be paid to Big Bank in June. GL Liab-Equity GL. Rev.Exp Journal SGL Assets Chart Acots Directions Trans Accessibility: Investigate Ready

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