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please answer in charts Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $19,000 cash from the issue
please answer in charts
Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $19,000 cash from the issue of common stock 2. Purchased inventory for $5,200 cash. 3. Sold inventory costing $3,120 for $5,304 cash. 4. Paid $850 for advertising expense. Required a. Record the general journal entries for the preceding transactions. b. Post each of the entries to T-accounts. c. Prepare a trial balance to prove the equality of debits and credits. Complete this question by entering your answers in the tabs below. j inces Required A Required B Required Record the general journal entries for the preceding transactions. (If no entry is required for a transa required" in the first account field.) View transaction list Journal entry worksheet A B C D E Record entry for issuance of common stock. Note: Enter debits before credits Required A Required B Required C Record the general journal entries for the preceding transactions. (If no entry is required for a transaction/event, select required" in the first account field.) View transaction list Journal entry worksheet Record sale of inventory for cash. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal View transaction Journal entry worksheet Step by Step Solution
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