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Need to make a journal entries 26. On October 7, sold merchandise to FF on account $220,000, term 2/10, n/30, FOB shipping point. 27. On

Need to make a journal entries
26. On October 7, sold merchandise to FF on account $220,000, term 2/10, n/30, FOB shipping point. 27. On October 16, FF paid off its balance before the discount period has lapsed. 28. On November 9, purchased merchandise from PP $400,000, terms 2/10, n/30. 29. On November 12, returned $30,000 of merchandise to PP and received credit. 30. On November 18, paid off the balance to PP before the 2% cash discount has expired. 31. On December 5, declared cash dividends of $60,000. 32. On December 26, paid cash dividends totaling $60,000 to stockholders. 33. On December 28, sold merchandise to AA for $90,000, term 2/10, n/30, FOB shipping point. 34. On December 29, purchased merchandise from QQ $160,000, terms 2/10, n/30. 35. Over the year, sales and office employees earned $120,000 in salaries and wages, of which $15,000 remained pa 36. Depreciation expense for the year was $80,000.
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26. On October 7 , sold merchandise to FF on account $220,000, term 2/10,n/30, FOB shipping point. 27. On October 16, FF paid off its balance before the discount period has lapsed. 28. On November 9, purchased merchandise from PP $400,000, terms 2/10,n/30. 29. On November 12 , returned $30,000 of merchandise to PP and received credit. 30. On November 18 , paid off the balance to PP before the 2% cash discount has expired. 31. On December 5 , declared cash dividends of $60,000. 32. On December 26 , paid cash dividends totaling $60,000 to stockholders. 33. On December 28 , sold merchandise to AA for $90,000, term 2/10,n/30, FOB shipping point. 34. On December 29, purchased merchandise from QQ $160,000, terms 2/10,n/30. 35. Over the year, sales and office employees earned $120,000 in salaries and wages, of which $15,000 remained p 36. Depreciation expense for the year was $80,000. Making journal entries for each transaction in chronological order. Posting to the general ledger and preparing trial balance before adjustment. Making adjusting entries and prepare adjusted trial balance. Preparing Income Statement, Retained Earnings Statement, and Balance Sheet. Making closing entries

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