Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please assist me in following question : These are the transactions , All information is included . JC ENTERPRISE SOLD MERCHANDISE FOR $120000.00 PURCHASE FOODS

Please assist me in following question :

These are the transactions , All information is included .

  1. JC ENTERPRISE SOLD MERCHANDISE FOR $120000.00
  2. PURCHASE FOODS FOR $71000.00
  3. PAID RENT $12000.00
  4. PAID SALARY $ 3000.00
  5. PAID UTILITIES EXPENSE $ 5000.00
  6. PAID ADVERTISING EXPENSE $2000.00
  7. PAID TRANSPORTATION EXPENSE $ 1200.00
  8. PURCHASE SUPPLIES ON ACCOUNT $ 750.00

Prepare Journal Entries, General Ledger, ,trial balance Income Statement and Balance Sheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Chapters 14-26

Authors: Carl Warren

27th Edition

1337272116, 978-1337272117

More Books

Students also viewed these Accounting questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago