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Need help preparing journal entries debit credit ms 2,3,9 i Saved HE TONIUWILIY IS LE POST-LIOSITY Lidl Udidlice IUI LITE VITILIUW IvidiuidLluny CoIPUI duonds vi
Need help preparing journal entries debit credit
ms 2,3,9 i Saved HE TONIUWILIY IS LE POST-LIOSITY Lidl Udidlice IUI LITE VITILIUW IvidiuidLluny CoIPUI duonds vi veltuvei , ZUZU. Credits Debits 5,600 2,600 5,600 11,600 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 4,100 3,600 10,000 7,700 25,400 25,400 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, $4,100. The cost of the merchandise was $2,600. The company uses the perpetual inventory system. 2 Purchased equipment on account for $6,100 from the strong company. 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. 8 Sold merchandise on account for $5,600. The cost of the merchandise was $3,400. 10 Purchased merchandise on account for $9,890. 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong Company. 18 Received $5,200 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $3,600 for salaries for the month of January. 31 Paid a cash dividend of $1,000 to shareholders. Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry 1 2 3 of 5 HP Next > Required: 2. Prepare general journal entries to record each transaction (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction list View journal entry worksheet NG Da Generalloumal Debit Credit 1 Jan 01, 2021 Cash 4.100 2 Jan 01 2021 No journal entry required 3 Jan 02. 2021 ACours payable
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