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please help #1 #2 (both pics are the same question) On 7/1. Appliance Direct bought $100,000 of inventory on account from General Electric. On 8/15.
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On 7/1. Appliance Direct bought $100,000 of inventory on account from General Electric. On 8/15. Appliance Direct paid the $100,000 due to General Electric. What account is debited and what account is credited in the journal entry required on 8/15? Select ALL that apply Debit Moventory Credit inventory Debit Cash Credit Cash Debit Revenue . Credit Revenue Debit Accounts Payable Credit Accounts Payable Debit Accounts Receivable Credit Accounts Receivable Debit Supplies Credit Supplies Please see the partial listing of accounts and their ending balances below: Account Account Name Ending Balances Accounts 16.000 Payable Equipment 100.000 Inventory 47,000 Prepaid Rent 6.000 Deferred 20,000 Revenue Retained 45.000 Earnings Supplies 3.000 Note 55.000 Payable Interest 2.500 Payable Common 99.000 Stock Rent Expense 1,000 9.000 9,000 Dividends Salary Expense Salary Payable 15.000 Equipment 100.000 Inventory 47.000 Prepaid Rent 6,000 Deferred Revenue 20.000 45,000 3,000 55.000 Retained Earnings Supplies Note Payable Interest Payable Common Stock 2.500 99.000 Rent Expense 1,000 9,000 Dividends Salary Expense 9.000 Salary Payable 15,000 What is the total account ending balances for the temporary accounts #1
#2 (both pics are the same question)
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