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i. Purchased inventory with a cost of $26,900 on account. ii. Sales on account to customers totalled $54,900. iii. Payments made to employees for wages
i. Purchased inventory with a cost of $26,900 on account. ii. Sales on account to customers totalled $54,900. iii. Payments made to employees for wages totalled $13,200. iv. Cash collections from customers settling their accounts totalled $42,700. v. Invoice received from the utility company for $4,000 is due in 30 days. vi. Payments totalling $23,800 were made to suppliers to settle part of the balance owing to them. vii. Received a deposit of $2,900 from a customer for goods to be delivered next month. i. Purchased inventory with a cost of $26,900 on account. ii. Sales on account to customers totalled $54,900. iii. Payments made to employees for wages totalled $13,200. iv. Cash collections from customers settling their accounts totalled $42,700. v. Invoice received from the utility company for $4,000 is due in 30 days. vi. Payments totalling $23,800 were made to suppliers to settle part of the balance owing to them. vii. Received a deposit of $2,900 from a customer for goods to be delivered next month
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