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Posting to T-Accounts Post the amounts for the following transactions (a) through (f) to the appropriate T-accounts. a. Receive merchandise inventory costing $10,800, purchased with
Posting to T-Accounts Post the amounts for the following transactions (a) through (f) to the appropriate T-accounts. a. Receive merchandise inventory costing $10,800, purchased with cash. b. Sell half of inventory in (a) for $9,000 on credit. c. Place order for $6,000 of additional merchandise inventory to be delivered next month. d. Pay employee $4,800 for compensation earned during the month. e. Pay $8,400 rent for use of premises during the month. f. Receive full payment from customer in part (b). Cash (A) Inventory (A) (a) (a) (a) (b) (b) (b) (c) (c) (c) (d) (d) (d) (e) (e) (e) (0) (f) (f) Accounts Receivable (A) Sales Revenue (R) (a) (b) | @e (C) (d) (e) (0) Cost of Goods Sold (E) Wage Expense (E) Rent Expense (E) (a) (b) (C) (a) (b) (c) (d) (e) (1) (a) (b) (c) (d) (e) (0) (d) (e) (1)
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