Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please be clearly and use the basic accounting language. Make a general journal entry with these transactions: INVENTORY PURCHASE $3,000 RENT PAYMENT $800 INSURANCE EXPENSES

Please be clearly and use the basic accounting language.

Make a general journal entry with these transactions:

INVENTORY PURCHASE $3,000 RENT PAYMENT $800 INSURANCE EXPENSES $500 INVENTORY SALES $2,000 SALARY PAYMENT $500 CAR REPAIR 150 PURCHASE OF OFFICE EQUIPMENT 300 INVENTORY SALE 3000 INVENTORY PURCHASE 1000 INVENTORY PAYMENT 1500

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

QS 9000 Handbook A Guide To Registration And Audit

Authors: Jayanta Bandyopadhyay

1st Edition

157444011X, 978-1574440119

More Books

Students also viewed these Accounting questions

Question

1. Are my sources credible?

Answered: 1 week ago

Question

3. Are my sources accurate?

Answered: 1 week ago

Question

1. Is it a topic you are interested in and know something about?

Answered: 1 week ago