Related to Mavtech October assignments

1. Paid $11,000 to the supplier to complete payment on the furniture and fixtures bought on September 1, 2015 (refer to transaction 4 of September).
2. Delivered the 3 computers to the customer for which advance payment of $5,400 was received in September. The full invoice value of the sale was received in advance.
3. Paid $40,000 to the supplier to complete payment of the 40 computers that were bought on September 22, 2015 (refer to transaction 11 of September).
4. The customer who owed $31,000 (refer to transaction 12 of September) paid the amount to Mavtech.
5. Purchased and received office supplies for $1,200 by paying cash in October.
6. Purchased 60 computers in October for $1,000 each, and paid $25,000 cash to the supplier, with the remaining amount to be paid in November.
7. Sold 50 computers in October for $1,400 each, received $20,000 cash, with the remaining amount to be collected in November.
8. Paid $2,400 to the employee on October 21^st towards wages for the period September 21 to October 20^th.
9. Rachel took $600 as dividends in cash from Mavtech.
10. On October 31^st, Rachel realized that most of her business was commercial. She did not need as many cash registers. So, she sold three of the four cash registers for $4,000 cash.

Question 1 0.2 pts What is the journal entry to record the payment to suppliers of $40,000? Account Debit Credit Accounts Payable 40000 Cash 40000 Question 2 0.2 pts In the adjusting entries, what is the total amount debited? 252,075 D Question 3 0.2 pts In the closing entry for revenues, which account is debited and for what amount? Debit Sales Revenue for $ 75400 Question 4 0.2 pts In the October 31 balance sheet, how much are total liabilities? 191,475 Question 5 0.2 pts How much is net income in the income statement for the month of October? 15,875 Question 1 0.2 pts What is the journal entry to record the payment to suppliers of $40,000? Account Debit Credit Accounts Payable 40000 Cash 40000 Question 2 0.2 pts In the adjusting entries, what is the total amount debited? 252,075 D Question 3 0.2 pts In the closing entry for revenues, which account is debited and for what amount? Debit Sales Revenue for $ 75400 Question 4 0.2 pts In the October 31 balance sheet, how much are total liabilities? 191,475 Question 5 0.2 pts How much is net income in the income statement for the month of October? 15,875