please clarify the account and dollar amount
The owners paid $2,500 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,500 for some advertising in local newspapers. (Note: Combine both transactions into one entry) Account: Cash Dollar amount: Accounts Receivable Account: Inventory Dollar amount: Prepaid Rent Account: Fixtures and Equipment Accounts Payable Dollar amount: Interest Payable Account: Wages Payable Dollar amount: Notes Payable Account: Paid in Capital Dollar amounts Retained Earnings Love Bank Transaction 5 Sales were $60,000. Cost of merchandise sold was 60% of sales. 60% of sales were on open account. (Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Cash Dollar amount: Accounts Receivable Account: Inventory Dollar amount: Prepaid Rent Account: Fixtures and Equipment Dollar amount: Accounts Payable Interest Payable Account: Wages Payable Dollar amount: Notes Payable Account: Paid Capital Dollar amount: Retained Earnings Account: Le Blank Dollar amount: Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to employees. Account: Cash Dollar amount: Accounts Receivable Account: Inventory Dollar amount: Prepaid Rent Account: Fixtures and Equipment Dollar amount: Accounts Payable Interest Payable Account: Dollar amount: Wages Payable Notes Payable Account: Paid-in Capital Dollar amount: Retained Earnings Leave Blank 8 Previous Tries Transaction 7 Miscellaneous expenses were $1,900, all paid for with cash. Dollar amount: Dollar amount: Dollar amount: Account: Cash Accounts Receivable Account: Inventory Prepaid Rent Account: Fixtures and Equipment Accounts Payable Interest Payable Account: Wages Payable Submit Ans Notes Payable Paid-in Capital Retained Earnings Threaded Leave Blank Dollar amount: 8 Previous Tries ! Other Views