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please answer all of them! charts preferred if you can. Dan Watson started a small merchandising business in Yeart. The business experienced the following events
please answer all of them! charts preferred if you can.
Dan Watson started a small merchandising business in Yeart. The business experienced the following events during its first year of operation Assume that Watson uses the perpetual inventory system 1. Acquired $30,500 cash from the issue of common stock 2. Purchased inventory for $24,400 cash 3. Sold inventory costing 517.200 for $29.000 cash: Required a. Record the events in general Journal format b. Post the entries to T-accounts c. Determine the amount of gross margin d. What is the amount of net cash flow from operating activities for Year 1? Complete this question by entering your answers in the tabs below. Required A Required Required Required D nr in cameral tournal format ng entry is required for a transaction/event, select "No journal entry required in the rest Complete this question by entering your answers in the tabs below. Required A Required Required Required D Record the events in general journal format. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry for issuance of common stock. Note Enter debits before credits Debit Credit General Journal Event 1 View general journal Record entry Clear entry TA Saved Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Post the entries to T-accounts. Cash Common Stock Beg Bal Beg Bal End Bal End Bal Sales Revenue Inventory Beg Bal Beg Bal End Bal End Bal Cost of Goods Sold Beg Bal End Bal el de journal format. b. Post the entries to T-accounts. c. Determine the amount of gross margin. d. What is the amount of net cash flow from operating activities for Year 1? Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D What is the amount of net cash flow from operating activities for Year 1? (Indicate cash Net cash flow from operating activities Step by Step Solution
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