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please correct first two pages as well Uomplete the ONOWIRELESS A Purchase $2,000 of Merchandise inventory B-Record the sale of $1.000 Merchandise C-The inventory sold
please correct first two pages as well Uomplete the ONOWIRELESS A Purchase $2,000 of Merchandise inventory B-Record the sale of $1.000 Merchandise C-The inventory sold in had a cost of $600 D- Record the payment for inventory in "A" in E-Record the receipt of $1.000 Merchandise se inventory on Account 11/1/18 t or 112/15 Terms 2/10 full and /30 days 11 from our customer 10/11 Entry # Date Description Debit 2000 Merchandise love Accounts ovable (Purchase avon act) 1000 Accounts recitvable Merchandise Sales Sold Merchandise on accom) 1000 600 Cost of goods sold Merchandise inv. (cox of goods sold Accounts payable b 1/8/18 2000 Cash of 1980 discount forment of Anta A 20 cash discount account recevably (recieved flymenk from b] 1000 Trial Adjustments Balance Adjusted 101 Cash Trial Balance 12,000 500 11 000 1000 106 Accounts Receivable 128 Prepaid Insurance 132 Inventory 169 Plant Assets 170 Accumulated Depreciation 201 Accounts Payable 1380 45,000 (5,000) (1,000) 203 Interest Payable 0 (600) (20,000) (10,000) (12,000) 2,000 (50,000) 103000) 12000 51,000 210 Wages Payable 251 Long-Term Note Payable 307 Common Stock 318 Retained Earnings 319 Cash Dividends Paid 404 Sales Revenues 414 Sales Returns & Allowances 415 Sales Discounts 502 Cost of Goods Sold 612 Depreciation Expense 623 Wages Expense 633 Interest Expense 637 Insurance Expense 579 Operating Expense 6970 250 6,350 2,000 15,000 2,000 2,000 15,000 12,000 0.00 1,500 YOUR COMPANY - INCOME STATEMENT STATEMENT OF RETAINED EARNINGS MEGINNING RETAINED EARNINGS LESS Dividends Paid of Goods YOUR COMPANY - BALANCE SHEET Current Liabilites Total Current Assets Total Current Liabiti Other Assets: Other Liabilities Total Other Assets: Total Other Liabilities: TOTAL LIABILITIES: Equity: Retained Earnings TOTAL EQUITY: TOTAL LIABILITES & EQUITY: TOTAL ASSETS
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