Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below. Cost of Inventory Thorense Account payable Cash paid to Situation goods sold (Decrease) Increase Decrease) suppliers 1 $430,000 $ 6,300 $ 0 2 430,000 0 7,300 3 115,000 6,300 7,300 4 115,000 (6,300) (7.300) Complete this question by entering your answers in the tabs below. Cash Paid General Journal Determine the amount of cash paid to suppliers for each of the four independent situations below. Situation Cost of Inventory Account payable Cash paid Increase Increase goods sold (Decrease) (Decrease) to suppliers 1 $430,000 $ 6,300 $ 0 430,000 0 7,300 115,000 6,300 7,300 4 115,000 (6,300) (7.300) 2. 3 CAP General Journal > Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four Independent situations below. Cost of Inventory Increase Account payable cash paid to Situation goods sold (Decrease) Increase (Decrease) suppliers $430,000 $ 6,300 430,000 7,300 3 115,000 6,300 7,300 115,000 (6,300) (7,300) S 0 1 2 0 Complete this question by entering your answers in the tabs below. Cash Paid General Journal Prepare the summary entries. (If no entry is required for a transaction/event, select "No journal entry required in the first ac field.) View transaction list Journal entry worksheet 1 2 3 4 Record the entry for situation 1. Note: Enter debits before credits Event General Journal Debit Credit 1 Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four Independent situations below. O Cash paid to suppliers Situation 1 2. 3 Cost of goods sold $430,000 430,000 115,000 115,000 Inventory Increase (Decrease) $ 6,300 0 6,300 (6,300) Account payable Increase (Decrease) $ 0 7,300 7,300 (7,300) Complete this question by entering your answers in the tabs below. Cash Paid General Journal Prepare the summary entries. (If no entry is required for a transaction/event, select "No journal entry required in the first ac field.) View transaction list Journal entry worksheet 1 2 3 4 Record the entry for situation 2. Note Enter debits before credits Event General Journal Debit Credit 2 10 Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four Independent situations below. Cost of Inventory Increase Account payable Cash paid to Situation goods sold (Decrease) Increase (Decrease) suppliers 1 $430,000 $ 6,300 $ 0 2 430,000 7,300 3 115,000 6,300 7,300 115,000 (6,300) (7,300) 0 Complete this question by entering your answers in the tabs below. General Journal Cash Paid Prepare the summary entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first ac field.) View transaction list Journal entry worksheet
