Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please do the steps in the requirements Read the recent Requirement. Record the transactions in Markley Foods jumal. Assume that no sales returns are expected.
please do the steps in the requirements Read the recent Requirement. Record the transactions in Markley Foods jumal. Assume that no sales returns are expected. Round al amounts to the nearest dollar. Explanations are not required. (Record debts first the credits. Exclude explanation from any jumalates) Oct 31: Sold goods to Basic Foods, receiving a $30,000, three month, 625 (You do not need to make the cost of goods sold oumal entry for this transaction) Journal Entry Date Accounts Debit Credit 2018 Det 31 Note Receive Basic Foods 30,000 Requirements Sales Revenue 1. Record the actions in Markley Foods jumal. Assume that no le retums are expected. Round al amounts to the new Explanations Dec 3: Made ingentry to more interest on the last Foods not Pound your final on to the nearest Wholedo 2. Show what Marley Foods will report on its comparative dhe Journal Entry sheet at December 31, 2018 and December 31, 2018, woed Recebe and interest Receive Account Dobit Credit 2016 Print Done Dec 30.000 Choose from norber in the roads and thene Check Answer Check A 4
please do the steps in the requirements
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started