identify which accounts are affected and Prepare a journal entry for the following January 2020 transactions by BB&E:

1. BB&E makes a sale of 400,000, half on accounts and half for cash. The cost of inventory sold was 190,000.

2. BB&E purchases inventory for cash at a cost of 160,000.

3. BB&E purchases supplies on account for 5,000.

4. they make a payment on accounts for 50,000

5. pays its employees 110,000.

6. issues 1,000 shares of stock for 10.00/share

7. collects 200,000 on account

8. declares a dividend of 0.15 cents per share. The dividend will be payed in february 2021

- there are 32,250 shares of common stock