Post Journal Entries to T-Accounts on Excel (spreadsheet)

Jan 5

-Pay wages to your workers (for two weeks of work)

-Purchase additional inventory, on credit, to replenish your stock (that is running low)

Jan 10

-Record week-3 cash sales to customers (set your cost of goods sold to be 50% of your selling price). Note: Make only one sale entry to keep it simple (this should be a four-line journal)

-Receive cleaning invoice for week-3 and pay the bill with cash

-Send some documents to a supplier via FedEx and pay the bill with cash