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must use headings provided. thanks. answer fast please Question 1 [50 points] Below are individual unrelated transactions from ABC Inc. Record each transaction in the

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Question 1 [50 points] Below are individual unrelated transactions from ABC Inc. Record each transaction in the General Journal directly below it. Assume the company is using a perpetual inventory system. Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format dd/mmm (ie, January 15 would be 15/Jan). e) On November 6, 2014. ABC Inc. returned $1,012 merchandise purchased at beginning of the morith because of defects. General Journal Page 1 Date Account Explanation F Dobit Gredit 1) On November 7, 2014 ABC Inc. sold $1,590 of merchandise on credit and the cost of this merchandise was $510. General Journal Page Guy Dato Account/Explanation F Debit Credit + - 9) ABC Inc, established a petty cash fund on November 8, 2014 in the amount of $113. The cheque was drawn, cashed, and its proceeds tumed over to an office employee, who was designated as the petty cashier. General Journal Pago GUY Date Account/Explanation F Dobit Credit h) On November 9, 2014, an amount of $2.190 was received from a client for previous services Gonoral Journal Page 1 Dato Account/Explanation F Debit Credit em ty Choose an Account or Heading egories: Accounts and Headings: Accounts Payable ets Accounts Receivable ilities Accumulated Depreciation, Automobiles Accumulated Depreciation, Boats ity Accumulated Depreciation, Building venues Accumulated Depreciation, Equipment penses Accumulated Depreciation, Furniture mer Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Allowance for Doubtful Accounts Auto Expense Automobiles Bad Debts Expense Bank Service Charge Expense Boats Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Boats sets Bonds Payable abilities Building quity Cash quity Cash Over and Short Cevenues Commissions Earned xpenses Other Consulting Revenue Earned Copyright Cost Of Goods Sold Credit Card Expense Delivery Expense Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Depreciation Expense, Land Improvements Search: Erase Cancel Choose an Account or Heading gories: Accounts and Headings: Depreciation Expense, Land Improvements ts Depreciation Expense, Machinery lities Depreciation Expense, Trucks Depreciation expense nity Dividends enues Equipment enses Food and Drinks Expense er Furniture Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds Janitorial Expense Search: Frase Cancel Choose an Account or Heading ories: Accounts and Headings: Janitorial Expense Land es Land Improvements Long-Term Notes Payable Long-term Investment in Shares nues Machinery ses Merchandise Inventory Mortgage Payable Notes Receivable Office Salaries Expense Office Supplies Office Supplies Expense Patents Petty Cash Postage Expense Prepaid Advertising Prepaid Insurance Search: Erase Cancel Choose an Account or Heading gories: Accounts and Headings: Prepaid Insurance s Prepaid Interest ties Prepaid Rent / Property Taxes Expense ty Property Taxes Payable enues Rent Earned enses Rent Expense er Rent Payable Rent Receivable Rent expense, office space Rent expense, selling space Repair Expense Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts D Search: Erase Cancel jes Choose an Account or Heading gories: Accounts and Headings: Retained Earnings 5 Salaries Expense Salaries Payable Sales Sales Discounts nues Sales Returns and Allowances nses Sales Salaries Expense Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel

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