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Rite Shoes was involved in the transactions described below. 1. Purchased $9,300 of inventory on account. 2. Paid weekly salaries, $1,030. 3. Recorded sales for
Rite Shoes was involved in the transactions described below. 1. Purchased $9,300 of inventory on account. 2. Paid weekly salaries, $1,030. 3. Recorded sales for the first week: Cash: $8,200; On account: $6,400. 4. Paid for inventory purchased in event (1). 5. Placed an order for $7,300 of inventory. Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Paid weekly salaries, $1,030. Note: Enter debits before credits. Event 2 General Journal Debit Credit 1. Purchased $9,300 of inventory on account. 2. Paid weekly salaries, $1,030. 3. Recorded sales for the first week: Cash: $8,200; On account: $6,400. 4. Paid for inventory purchased in event (1). 5. Placed an order for $7,300 of inventory. Required: Prepare the appropriate journal entry for each transaction. (If no entry is required for a transac required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Paid weekly salaries, $1,030. Note: Enter debits before credits. Event 2 General Journal Debit Credit 1. Purchased $9,300 of inventory on account. 2. Paid weekly salaries, $1,030. 3. Recorded sales for the first week: Cash: $8,200; On account: $6,400. 4. Paid for inventory purchased in event (1). 5. Placed an order for $7,300 of inventory. Required: Prepare the appropriate journal entry for each transaction. (If no entry is rec required" in the first account field.) View transaction list Purchased $9,300 of inventory on account. 2 Paid weekly salaries, $1,030. 3 Recorded sales for the first week: Cash: $8,200; On account: $6,400. 4 Paid for inventory purchased in event (1). 5 Placed an order for $7,300 of inventory. Note: = journal entry has been entered EX Crec
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