please help me with the general journal

252 mghmiddleware252Fmheproduct Saved [The following information applies to the questions displayed below] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion She notices that a few clinic participants wear multiuse (MU) watches Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude and barometric pressure, MU watches are waterproof so moisture from Kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $500 each cash Jul. 17 Purchased se watches for $7,500 (5158 per match) on account. ul. 31 Sold 40 watches for $20,000 cash. Aug. 12 Purchased 40 watches for $6,400 ($160 per watch) cash! Aug. 22 Sold 30 watches for $15,000 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $9,000 for watches sold on account on August 22. Oct. 27 Purchased 8 watches for $13,600 (5170 per watch) cash. Nov. 20 Sold 98 watches for $45,000 cash. Dec. 4 Purchased 100 watches for $18,860 ($180 per watch) on account. Dec. 8 Sold 40 watches for $20,000 on account. Late in December, the next generation of multiuse (MUI) watches is released. In addition to all of the features of the MU watch, the MU I watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch General Journal Requirement General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View traction list View journal entry worksheet Telt No Date General Journal 7.500 1 17 Inventory Accounts Payable 7,500 07 No Data General Journal Credit 2017 Inventory Accounts Payable Dobit 7,500 7.500 1424 PO 2 20131 20.000 8020454 Cash Service Revenue 20,000 2 3 31 20,000 Cost of Goods Sold Inventory 20,000 6 Aug 12 6.400 Inventory Cash 6,400 5 Aug 22 15 000 Accounts Receivable Service Revenge 15.000 6 Aug 22 15.000 Cost of Goods Sold Inventory 15.000 2 7 Sep 19 7,500 Accounts Payable Cash 7,500 8 S24 Cash Accounts Rocakable 9.000 9.000 9 Oct 27 Inwentary C 13 600 13.600 10 Nov 20 25.000 (cant Service Ravenue 45,000 2 1 Nov 20 Cost of Goods Sold 45.000 45 000 5 of 78 Next > Pyhete da se CAN Aug 22 Cost of Goods Sold Inventary 15.000 15,000 IS 12 12 Sep 19 Accounts Payable Cash 7.500 7500 02:04 8 Sep 27 Cash Accounts Receivabile 9.000 9.000 9 Oct 22 Body Inventory Cash 13.600 13.600 10 Nov 20 Cath Service Revenue 45,000 45,000 o 2 11 Nov 20 Cost of Good Sold Inventory 45.000 45,000 12 Dec 04 Inventory Accounts Payable 18.000 13 000 IN 13 Dec 0 Accounts Receivable Service Raven 20 000 20.000 14 Dec 08 20.000 Cost of Goods Sold Inventory 20.000 N 15 Dec 31 No Transaction Recorded 16 Dec 31 Service Rover Retained Ewings 17 Dec 31 Retained Earning