In case this helps, j sales were: First pizza order with a sales price of $250 and received in cash. The cost of the inventory used to prepare the pizas was $110.

In case this helped, b = interest associated with the note is $25,000 2 year loan with an annual interest rate of 12% and a quarterly rate.

The above two addons do not need to be completed, I just don't know if you need them to complete the question.

Please provide the journal entries and explanations! Using the accounting equation would be helpful to explain things. Thank you for your help, I will definitely leave a like!

n. In addition to the sale on July 6 (j), sales of $8,800 were made during the month of July. All but $800 of this amount was received in cash. The remaining amount will be paid to the company in the first week of August. The cost of the inventory used to prepare the pizzas was $4,700. 0. The utility bill for July was $400 and will be paid in early August. p. Remember to consider the interest associated with the note in (b)