Question
(Scenario 1a) Beerbo purchased $1,000 of inventory on account. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts) (Scenario 1b)
(Scenario 1a) Beerbo purchased $1,000 of inventory on account. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
(Scenario 1b) Beerbo paid $1,000 on account. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
(Scenario 1c) Beerbo sold inventory (costing $1,000) on account for $5,000. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
(Scenario 1d) Beerbo collects $5,000 from the customer on account. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
. (Scenario 2c) Beerbo sold inventory (costing $1,000) on account for $5,000, and the customer used her credit card. The credit card company charges a 3% fee. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
(Scenario 2d) Beerbo collect from the customers credit card company on account. How would this transaction be reflected in Beerbos ledger accounts? (Hint: draw the t-accounts)
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