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Sales were $60,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [ Note: Record the complete sales entry
Sales were $60,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [Note: Record the complete sales entry first, and the complete expense entry second.] Thought that the instruction would be helpful to add
Sales were $60,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Cash Account: Accounts Receivable Account: Retained Earnings Account: Inventory Account: Retained Earnings Account: Leave Blank Submit Ansy Cash Accounts Receivable Prepaid Rent Threaded Inventory Export Fixtures and Equipment NEW Tra Accounts Payable Interest Payable Wages Payable Notes Payable I hav Paid-in Capital For s Dollar amount: Dollar amount: 39000 Dollar amount: Dollar amount: Dollar amount: Dollar amount: 21000 Other Views ... -45000 -45000 60000 Foil1=Leave%20Blank B hat answer before Incorrect. Tries 5/6 Previous Tries nice Lee Reply (Fri Jun 24 06:45:31 pm 2022 (EDT)) ng that some items weren't submitted k option for the boxes I did not use but it is still saying some items were not submitted. Retained Earnings Leave Blank NEW Re: Transaction 5 Fredric Jacobs Reply (Fri Jun 24 09:53:13 pm 2022 (EDT)) After each transaction description, there are several "Account" submission boxes and corresponding "Amount" submission boxes. To indicate the accounts that you think are affected, choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, if you think that Cash and Inventory are affected by a particular transaction, you must record the Cash entry first and the Inventory entry second because that is the order that they are listed in the drop-down menu. If you record the Inventory entry first and the Cash entry second, even if they are the correct accounts and even if you have the correct dollar amounts, your answer will be considered wrongStep by Step Solution
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