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Please do journal entries. Requirement 1: a. Accounts Receivable had a balance of $1,680 at the beginning of the month and $1,260 at the end
Please do journal entries.
Requirement 1: a. Accounts Receivable had a balance of $1,680 at the beginning of the month and $1,260 at the end of the month. Credit sales totaled $16,800 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. Cash collected from customers b. The Supplies account had a balance of $756 at the beginning of the month and $1,022 at the end of the month. The cost of supplies used during the month was $3,276. Calculate the cost of supplies purchased during the month. Cost of supplies purchased c. Wages Payable had a balance of $574 at the beginning of the month. During the month, $5,320 of wages were paid to employees. Wages Expense accrued during the month totaled $5,740. Calculate the balance of Wages Payable at the end of the month. Wlaces payable Requirement 2: Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal ent required" in the first account field.)Step by Step Solution
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