The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1 issued 20,000 shares of non-par common stock in exchange for $200,000 in cash. 2 Purchased equipment at a cost of $20,000. $5,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased Inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $70,000. The cost of the goods sold was $42.000 6 Paid $5 200 to an insurance company for fire and liability insurance for a one year period beginning April 1, 2021. 7. Paid $42.000 on account for the merchandise purchased in 3. 8. Collected $31,500 from customers on account. 9. Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above. If no entry is required for a transaction event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 2 8 9 > Issued 20,000 shares of common stock in exchange for $200,000 in cash. Note: Enter debits before credits General Journal Transaction 01 Debit Credi Record entry Clear entry View general jurnal Prev 1 of 3 Next > MacBook Air 80 F3 888 F1 F2 F4 FS 38 The following transactions occurred during March 2021 for the Wainwright Corporation. The company cams and operates a wholesale warehouse 1. Issued 20,000 shares of non par common stock in exchange for $200,000 in cash. 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $62,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $70,000. The cost of the goods sold was $42.000 5. Pald $3,000 in rent on the warehouse building for the month of March 6. Paid $5,200 to an insurance company for fire and liability insurance for a one-year period beginning Aprilt 2021 7. Pald $42,000 on account for the merchandise purchased in 3. B. Collected $31.500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment. Prepare journal entries to record each of the transactions listed above. If no entry is required for a transactionlevent, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet 67 10 > Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance owed. Note Enter debits before credits Transaction General Journal Debar Credit 02 Record entry Clear View general Journal ) Prev 13 E Next > MacBook Air * F1 * BO 3 888 F4 F5 00 77 16 DII Fa The following transactions occurred during March 2021 for the Wainwright Corporation. The company ows and operates a wholesale 425) 1 Issued 20,000 shares of non-par common stock in exchange for $200,000 in cash 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance Owed. 3. Purchased inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $70,000. The cost of the goods sold was 542.000 5. Paid $3,000 in rent on the warehouse building for the month of March 6. Paid $5.200 to an insurance company for fre and ability insurance for a one-year period beginning Apel 2021 7 Paid $42,000 on account for the merchandise purchased in 3 8 Collected $31.500 from customers on account 9 Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above. It ne entry is required for a transaction/event, select "No Journal entry required in the first account field) View transaction lit Journal entry worksheet 2 3 4 5 G 8 9 10 > Purchased inventory on account at a cost of $62.000 The company uses the perpetual inventory system treet borer Cucina Transaction 03 Dahit Crede Clear ME 13 Next > MacBook Air FI F2 BO #3 888 74 FS 90 52 DIA FB @ ! 1 # 3 A 2 $ 4 % 5 6 & 7 8 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 20,000 shares of non par common stock in exchange for $200.000 in cash. 2. Purchased equipment at a cost of $20,000. 65.000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $62.000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $70,000. The cost of the goods sold was 542.000 5 Paid $3,000 in rent on the warehouse building for the month of March 6 Pad $5.200 to an insurance company for fire and liability insurance for a one year period beginning April 1, 2021 7. Paid $42.000 on account for the merchandise purchased in 3. 8. Collected $31.500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above. If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction lit Journal entry worksheet 2 3 5 6 > Credit sales for the month totaled $70,000 Note: tereits before credits Transaction General Journal Debit Credit 4 Record entry Clear entry View general Prev 103 Next > MacBook Air & 8 F2 FI BO F3 888 F4 13 90 F5 F6 Dil F6 N A 1 # 3 $ 4 % 5 & 7 6 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1 sued 20,000 shares of non par common stock in exchange for $200,000 in cash. 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $70,000. The cost of the goods sold was $42.000 $the 6. Paid $5.200 to an insurance company for free and liability insurance for a one year period beginning Aprii 1.2021 7. Pald $42.000 on account for the merchandise purchased in 3 8. Collected $31.500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above, por no entry is required for a transaction event, select "No journal entry required in the first account field.) View transactions Journal entry worksheet 4 5 6 7 30 > The cost of the goods was 42,000. Foto: Enter debts before credits Transaction General Journal Dahil Cred Recerd entry Clear entry View general Prev 1 of 3 Next > Next > MacBook Air $ F! 80 F3 888 Fa DI F2 90 F2 FS 56 @ # $ 02 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse owed 1. Issued 20,000 shares of non-par common stock in exchange for $200,000 in cash 2. Purchased equipment to cost of $20.000 $5,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4 Credit sales for the month totaled $70,000. The cost of the goods sold was 542.000 6 Paid SS 200 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021 7. Pald $42.000 on account for the merchandise purchased in 3. 8. Collected $31,500 from customers on account. 9. Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above. (if no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction Hot Journal entry worksheet 5 7 > Paid $3,000 in rent on the warehouse building for the month of March Note: Enter debits before credits Transaction 05 General Journal Debit Credit Racord entry Clear entry View general Prev Next > MacBook Air Bo 888 F! F2 90 13 F4 ES 76 57 # $ % & Seved The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 20,000 shares of non-par common stock in exchange for $200,000 in cash. 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased Inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4 Credit sales for the month totaled $70,000. The cost of the goods sold was $42.000 5. Paid $3,000 in rent on the warehouse building for the month of March 6. Paid $5.200 to an insurance company for fire and liability insurance for a one-yeat period beginning April 1 2021 7. Paid $42,000 on account for the merchandise purchased in 3. 8. Collected $31.500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment. Prepare journal entries to record each of the transactions listed above. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction for Journal entry worksheet 1 2 6 7 B 9 10 > Pald $5,200 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021 Note Enter debits before credits Transaction General Journal Debih Credit 06 Racord entry Clear entry View general journal Prev 1 of 3 Next > MacBook Air 38 FI 80 F2 F3 DO 888 F4 F5 00 F7 DI The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse -155 1. Issued 20,000 shares of non-par common stock in exchange for $200,000 in cash 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $62,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $70,000. The cost of the goods sold was 542,000 5. Paid $3,000 in rent on the warehouse building for the month of March 6. Paid $5.200 to an insurance company for fire and liability insurance for a one-year period beginning April 2021 7. Paid $42.000 on account for the merchandise purchased in 3. 8 Collected $31.500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment. Prepare journal entries to record each of the transactions listed above, of no entry is required for a transaction event, select "No Journal entry required in the first account field) View transactions Journal entry worksheet 1 2 3 4 6 7 B 9 10 > Paid $42,000 on account for the merchandise purchased in Note: Enter dit before credits Transaction General Journal Dubit Credit 07 Seard ory Classy View general Prev 13 Next > MacBook Air 80 62 F2 go DIA F4 FS F& 57 $ % Collected $31,500 from customers on account Note: Ther debit before rets Transaction 08 General Journal Den Credit Record entre Clear entry View general al Prev Next > MacBook Air 20 F3 838 F4 00 DU FS F6 57 Fa @ A # 3 * 2. $ 4 % 5 6 & 7 8 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 20,000 shares of non-par common stock in exchange for $200,000 in cash 2. Purchased equipment at a cost of $20,000 $5,000 cash was paid and a notes payable to the seller was signed for the balance 3. Purchased Inventory on account at a cost of $62.000. The company uses the perpetual inventory system 4 Credit sales for the month totaled $70,000. The cost of the goods sold was $42,000, 5. Paid $3,000 in rent on the warehouse building for the month of March 6. Poid $5.200 to an insurance company for fire and liability Insurance for a one-year period beginning April 1, 2021 7 Paid $42.000 on account for the merchandise purchased in 3. 8 Collected $31,500 from customers on account 9. Recorded depreciation expense of $500 for the month on the equipment Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Recorded depreciation expense of $500 for the month on the equipment Nobel Enter debit bereits Transaction General Journal Debit Cruce 09 Besed try Clear entry View general mal Prev 1 of 3 Next > MacBook Air % 80 F3 889 F1 F2 DII F4 FS 00 F7 FB ! @ # $ % A