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Sanderson Electronics is a new retail store that sells mainly small parts, such as switches, circuit boards and wire. Sanderson's ledger accounts are shown
Sanderson Electronics is a new retail store that sells mainly small parts, such as switches, circuit boards and wire. Sanderson's ledger accounts are shown below in T-account form, with entries made for the first month of business. Cash Accounts receivable Supplies (a) 30 000 (c) 1 200 (e) 900 (g) 650 (1) 300 () 1 300 (h) 1 000 (f) 1 400 (9) 650 G) 560 Equipment Inventory Accounts payable (c) 3 600 (b) 5 000 (e) 540 (h) 1 000 (b) 5 000 () 1 620 (d) 700 Notes payable Share capital Sales revenue () 500 (c) 2400 (a) 30 000 (e) 900 () 2700 Supplies expense Interest expense COGS (d) 700 ) 300 ) 60 (e) 540 () 1620 For each of the transactions (a) to (j), write the general journal entry that was used to post the accounts, including an explanation of the entry.
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