Provide JOURNAL ENTRIES FOR THE FOLLOWING

	($ million)		CASH	Non Cash	TOTAL
			NO CASH FLOW
1	Inventory Purchases		0	250	250
			Cash Purchase	Credit Purchase
			NO CASH FLOW
2	2019 Sales consisted of		0	1,000	1,000
			Cash Sales	Credit Sales
			NO CASH FLOW
3	2019 Cost of Sales		n/a	600	600
4	General Expenses		cash outflows	additional accrued	TOTAL EXPENSE
				liabilities
		Salaries	100	0	100
		Utility Bills	50	50	100
	***	Depreciation	0	100	100
		TOTAL	150	150	300
			CASH OUTFLOW	ACCRUED
				LIABILITY	TOTAL EXPENSE
5	Interest Expenses		50	10	60
	Total interest was 60.
			CASH OUTFLOW	ACCRUED
				LIABILITY	TOTAL EXPENSE
6	Taxes (assumed and fixed)		50	50	100
	Total Tax expense was 100