Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please make Journal entrees and Prepare a Trial balance Dec. 24 Paid employees for the previous two weeks work, $3,000 Dec 26 Paid $4,900 to
Please make Journal entrees and Prepare a Trial balance
Dec. 24 Paid employees for the previous two weeks work, $3,000 Dec 26 Paid $4,900 to ABC Company for inventory purchased on December 15 , the inventory had a list price of $5,000 and the terms were 2/15, n/30 Dec 28 Sold merchandise to LZ Company for $6,000 cash. The merchandise cost $4,200. Dec 29 Purchased $800 of office supplies for cash Dec 29 Received payment from customer for sale of merchandise on December 20 . The sales price was $1,500 and the terms were 2/10, n/30 Dec 30 Sold merchandise to Yes Company for $7,000 on account. The terms are 2/15,n/45. The merchandise cost $5,000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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