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- A A Aa 2011 . Times New 11 BIV: Dictate 6. A purchase of a machine for cash is recorded as a Debit to Cash b Credit to Equipment c. Debit to Equipment d. Credit to Supplies Expense Problem (38 points) TJX The TX Companies, Inc. (TJX) describes itself as follows in its first footnote: "We are the leading of price apparel and home fashion retailer in the United States und worldwide. We have over 500 stores and four distinctive branded that offer rapidly changing assortment of quality, fashionable, brand name and designer merchandise of prices generally 2096 to 60% below full price retaily regular prices on comparable merchandise, evry day. We operate our business in four main segmente: Marmaxx and HomeGoods, hole in the US, T./X Canada and TJX International Below you will see SOME (not alll) of TJX's transactions in their most recent fiscal year. Provide the journal entry or entries (accounts and amounts) nended to record cach transaction a) Paid $29.004 million cash for current period operating expenses Account Title Debit Credit b) Purchased 54,337 million worth of inventories on account Account Title Debit Credit Page 24 0 2. 5 0 O Q E T O P S D G G H H J K L X C V B N M 96 COV Command GOT AGU. Lab 2 winter 2023. Compatibility Mode Com References Malling Review View Tell me Layout ser Desig Draw A A . The 41 -AA BIK Style Pune Oil le a) Paid S29,004 million cash for current period operating expenses Debit Credit Account Title b) Purchased $4,337 million worth of inventories on account. Debit Credit Account Title c) Purchased new equipment costing $568 million on account Account Title Debit Credit d) Paid S2,673 million cash for accounts payable due to suppliers Debit Credit Account Tutte Had 532,137 million in sales to customers. Assume that all sales were credit sales Account Title Debit Heat atai Credit 1791 26 27 . 2 T Y R O a V E F G D K K H PL : V > N M B V Z C X V. COM COM command BU Lab 2 winter 2022 - Compatibiy Mode Review View Tale Insan aran Design Layout References Mollings OC Times New 11 2011 - AA Aa A ARA Acc Aa Bbc.com. Styles Dina BIU. e) Had S32,137 million in sales to customers. Assume that all sales were credit sales Account Title Debit Credit ) Collected $42,040 million cash from customers related to prior credit sales. Account The Debit Credit 2 e) Paid $3.042 million cash for current period wages and salaries. Account Title Debit Credit P24 Graha hai rates 175N . X 6 Q E T. Y s D F G H K Z X . N M 26 M command Conand Lab 2 winter 2022 - Company Mode References Mallings Review View Telme AG-U. Inert De Design Layout Times New - 11 AA * A A 3a 11 AaBbc and les Pane Dette Sey b) Paid S1 million cash for income tax expense for the year. Account Title Debit Credit 1) Issued new common stock for $211 million cash Account Title Debit Credit Declared and paid cash dividends of $278 million Account Title Debit Credit Based on the journal entries you've prepared, calculate TX's Net Income (Net Loss), SHOW YOUR WORK Page Top 5 2 B E R T U P A S F G H . 3 K L Z X V B N M M 3 COTTON Ora Design Layout References Mailings Review View Tell me No. 11 AA Aa As AD Muscat, AaBb. I x x Aw Styles Peru 1) At the beginning of the period, TX had a Cash balance of $3,217 million. Use this beginning balance and your journal entries to show what TJX's Cash T account would look like for the most recent period and calculate TJX's ending Cash balance, SHOW YOUR WORK. Cash TUX'S Ending Cash Balance 1 3 D Focus 472 words English (United States 1 RO & $ 4 %. 5 3 6 6 w E R T Y o C S D F G . H C X V B. N M
