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

$1$

$/$

$1$

$/$

$2$

$0$

$2$

$3$

$4$

$5$

$1$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$