journal entry

2. The following events occurred in November: November 5: Paid employee for period ending October 31. November 8: Received payments from customers toward accounts receivable in amount of $3,800. November 10: Paid October telephone bill. November 15: Purchased additional baking supplies in amount of $5,000 from vendor, on account. November 15: Accrued wages earned for employee from period of November 1 through November 15. (See Wage Calculation Data table at the end of this document.) November 15: Paid rent on bakery space. November 18: Received payments from customers toward accounts receivable in amount of $1,000. November 20: Paid $8,500 toward baking supplies vendor payable. November 20: Paid employee for period ending November 15. November 22: Purchased $300 in office supplies. November 30: Received telephone bill for November in amount of $75. Payment is due on December 10. November 30: Accrued wages earned for employee for period of November 16 through November 30. (See Wage Calculation Data table at the end of this document.) November 30: November bakery sales total was $20,000 ($7,500 of this total on accounts receivable). 3 Many customers have been asking for more allergy-friendly products, so in December the holen M N O Q Sales Ending Inventory No. of Date Items 7-Dec Purchases No. of Unit Price Total Price Items 10 $ 6.00 $ 60.00 Purchases No. of Unit Price Total Price Items Unit Price Total Price 10 $ 6.00 $ 60.00 Dr 12/7: 10 boxes purchased at $6 Cr 60.00 15-Dec Date 7-Dec Merchandise Inventory (10 x $6) Cash Purchased inventory 8 $ 6.00 $ 48.00 2 $ 6.00 $ 60.00 12.00 12/20:20 boxes purchased at $6.10 12/30:25 boxes purchased at $6.05 Sales-selling price, $8.50 a box 12/15:8 boxes 12/24: 18 boxes 20-Dec 20 $ 6.10 $ 122.00 68.00 2 $ 20 $ 22 6.00 $ 12.00 6.10 $ 122.00 $ 134.00 15-Dec Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory 68.00 24-Dec 2 $ 16 $ 18 48.00 6.00 $ 12.00 6.10 $ 97.60 $ 109.60 4 $ 6.10 $ 24.40 15-Dec Cost of Goods Sold (8 X $6) Merchandise Inventory Recorded the cost of goods sold 48.00 30-Decl 25 $ 6.05 $ 151.25 4 $ 25 $ 29 122.00 6.10 $ 24.40 6.05 $ 151.25 $ 175.65 20-Dec Merchandise Inventory (20 x $6.10 ) Cash 122.00 Net nventor 55 $ 333.25 26 $ 157.60 29 $ 175.65 153.00 24-Dec Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory 153.00 109.60 24-Dec Cost of Goods Sold (2 x $6)+(16 x $6.10) Merchandise Inventory Recorded the cost of goods sold Trial Balance A 109.60 November Journal Entries December Journal Entries T-Accounts - autofill Inventory Valuation Type here to search a 6:03 PM 3/21/202