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Please fill all the journal entry, aT accounts and a trial balance sheet, don't send incomplete answers, Thank You! Halogen Laminated Products Company began business
Please fill all the journal entry, aT accounts and a trial balance sheet, don't send incomplete answers, Thank You! Halogen Laminated Products Company began business on January 1, 2013. During January, the following transactions occurred Jan. 1 Issued common stock in exchange for $107,000 cash. 2 Purchased inventory on account for $42,000 (the perpetual inventory system is used) 4 Paid an insurance company $ 10 Sold merchandise on account for $12,700. The cost of the merchandise was $7.700 15 Borrowed $37,000 from a local bank and signed a note. Principal and interest at 10% is to 3,240 for a ar insurance policy be repaid in six months. 20 Paid employees $6,700 wages for the first half of the month 22 Sold merchandise for $10,700 cash. The cost of the merchandise was $6,700 24 Paid $15,700 to suppliers for the merchandise purchased on January 2 26 Collected $6,350 on account from customers 28 Paid $1,100 to the local utility company for January gas and electricity 30 Paid $4,700 rent for the building $2.350 was for January rent, and $2.350 for February rent Required: 1. Prepare general joumal entries to record each transaction. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 46 6 7 6> Issued common stock in exchange for $107,000 cash. Note: Enter debits before credits Date Debit Credit jan. 1 107,000 Common stock 107,000 Record entry Clear entry View general journal 2. Post the entries to T-accounts Cash Beg. bal Beg. bal
Please fill all the journal entry, aT accounts and a trial balance sheet, don't send incomplete answers, Thank You!
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