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Journal Entries Account Name Debit Credit Inventory $ 9 , 7 5 0 , 0 0 0 Accounts Payable $ 9 , 7 5 0

Journal Entries

Account Name Debit Credit

Inventory $

$9$

$,$

$7$

$5$

$0$

$,$

$0$

$0$

$0$

Accounts Payable $

$9$

$,$

$7$

$5$

$0$

$,$

$0$

$0$

$0$

Rent Expense

$$

$

$6$

$3$

$,$

$0$

$0$

$0$

Cash

$$

$

$6$

$3$

$,$

$0$

$0$

$0$

Accounts Payable $

$9$

$,$

$7$

$5$

$0$

$,$

$0$

$0$

$0$

Cash $

$9$

$,$

$5$

$5$

$5$

$,$

$0$

$0$

$0$

Inventory $

$1$

$9$

$5$

$,$

$0$

$0$

$0$

Prepaid Insurance $

$2$

$0$

$,$

$0$

$0$

$0$

Cash $

$2$

$0$

$,$

$0$

$0$

$0$

Inventory $

$1$

$2$

$,$

$1$

$3$

$4$

$,$

$0$

$0$

$0$

$($

$

$1$

$2$

$,$

$1$

$2$

$5$

$,$

$0$

$0$

$0$

$+$

$

$9$

k shipping

$)$

Accounts Payable $

$1$

$2$

$,$

$1$

$3$

$4$

$,$

$0$

$0$

$0$

Cash $

$5$

$,$

$3$

$6$

$7$

$,$

$0$

$0$

$0$

Sales Revenue $

$4$

$5$

$,$

$4$

$2$

$1$

$,$

$0$

$0$

$0$

Accounts Receivable $

$4$

$0$

$,$

$0$

$5$

$4$

$,$

$0$

$0$

$0$

Cost of Goods Sold $

$1$

$3$

$,$

$2$

$5$

$0$

$,$

$0$

$0$

$0$

Inventory $

$1$

$3$

$,$

$2$

$5$

$0$

$,$

$0$

$0$

$0$

Accounts Payable $

$1$

$2$

$,$

$1$

$3$

$4$

$,$

$0$

$0$

$0$

Cash $

$1$

$2$

$,$

$1$

$3$

$4$

$,$

$0$

$0$

$0$

Patents $

$9$

$0$

$,$

$0$

$0$

$0$

Cash $

$9$

$0$

$,$

$0$

$0$

$0$

Cash $

$6$

$5$

$0$

$,$

$6$

$2$

$0$

Common Stock $

$1$

$0$

$,$

$4$

$6$

$0$

$

$1$

$0$

$,$

$4$

$6$

$0$

Additional Paid

$-$

In Capital $

$6$

$4$

$0$

$,$

$1$

$6$

$0$

Land $

$1$

$2$

$4$

$,$

$6$

$0$

$0$

Cash $

$1$

$2$

$4$

$,$

$6$

$0$

$0$

Notes Receivable $

$2$

$0$

$0$

$,$

$0$

$0$

$0$

Cash $

$2$

$0$

$0$

$,$

$0$

$0$

$0$

Accounts Receivable $

$2$

$0$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

Sales Revenue $

$2$

$0$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

Cost of Goods Sold $

$6$

$,$

$3$

$5$

$0$

$,$

$0$

$0$

$0$

Inventory $

$6$

$,$

$3$

$5$

$0$

$,$

$0$

$0$

$0$

Machinery $

$8$

$9$

$5$

$,$

$2$

$8$

$0$

Cash $

$8$

$9$

$5$

$,$

$2$

$8$

$0$

Cash $

$4$

$3$

$,$

$7$

$5$

$8$

$,$

$0$

$0$

$0$

Accounts Receivable $

$4$

$3$

$,$

$7$

$5$

$8$

$,$

$0$

$0$

$0$

Cash $

$1$

$0$

$,$

$0$

$0$

$0$

Accumulated Depreciation

$($

equipment

$)$

$

$3$

$8$

$,$

$0$

$0$

$0$

Loss on Sale $

$7$

$,$

$0$

$0$

$0$

Equipment $

$5$

$5$

$,$

$0$

$0$

$0$

Income Tax Expense $

$2$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

Cash $

$2$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

Salary and Wages Expense $

$4$

$3$

$,$

$7$

$5$

$0$

Cash $

$4$

$3$

$,$

$7$

$5$

$0$

Bad Debt $

$3$

$,$

$0$

$0$

$0$

Accounts Receivable $

$3$

$,$

$0$

$0$

$0$

Cash Dividend $

$8$

$,$

$0$

$0$

$0$

Cash $

$8$

$,$

$0$

$0$

$0$

Please post these journal entries to the appropriate T accounts. The T accounts are as follows.

General Ledger

$1$

$0$

$0$

$-$

Cash

$1$

$1$

$0$

$-$

Accounts Receivable

$1$

$1$

$5$

$-$

Allowance For Bad Debts

$1$

$/$

$1$

$/$

$2$

$0$

$2$

$3$

$4$

$5$

$1$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

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