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Rite Shoes was involved in the transactions described below. Purchased $10,100 of inventory on account. Paid weekly salaries, $1,110. Recorded sales for the first week:

Rite Shoes was involved in the transactions described below.

  1. Purchased $10,100 of inventory on account.
  2. Paid weekly salaries, $1,110.
  3. Recorded sales for the first week: Cash: $9,000; On account: $7,200.
  4. Paid for inventory purchased in event (1).
  5. Placed an order for $8,100 of inventory.

Required:

Prepare the appropriate journal entry for each transaction

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