Transaction 2 The company quickly acquired $39,000 in inventory, 60% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days Account: Dollar amount: Cash 15600 Dollar amount: Account: Inventory 39000 Dollar amount: Account: Accounts Payable 23400 Leave Blank Account: Dollar amount: Foil1-Leave%20Blank Leave Blank Account: Dollar amount: Foil1-Leave%20Blank Submit Answer You have entered that answer before Incorrect. Tries 6/8 Previous Tries Transaction 3 A one-year store rental lease was signed on March 1 for $14,400 for the year, and rent for the first 4 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.1 Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Foil1-Leave % 20Blank Dollar amount: Transaction 4 $3,000 for website advertising. They were able deal because the company's owners also owns stock in the website company. The owners also paid $5.000 for some advertising in local newspapers. INote: Combine both transactions into one entryl. Dollar amount: Account: Account Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Iransaction 2 $64,000. Cost of merchandise sold was 65% of its sales price. 30% of the sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Dollar amount: Account: Account Dollar amount: Account: Dollar amount: Account: Dollar amount: Dollar amount: Account: Dollar amount: Account: Transaction 6 Wages and salaries in March were $10,000, of which $9,000 was actually paid to employees Account: Dollar amount: Account: Dollar amount: Dollar amount: Account: A Account: Dollar amount: Account Dollar amount: Transaction 7 Miscellaneous expenses were $1,300, all paid for with cash Dollar amount: Account: Dollar amount: Account: Account: Dollar amount: Dollar amount: Account: Transaction. due when the note ere purchased for $5,000 with a downpayment of $1,000 and a $4,000 note, payable in one year. Interest of 6% was repaid. The estimated life of the fixtures and equipment is 10 vears with no expected salvage value. [Note: Record the complete entry for the March 1 equipment purchase first, the fixtures and equipment March 31 depreciation adjusting entry second, and the March 31 interest adjusting entry third. Also, round all answers to the nearest cent.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Dollar amount: Account: Dollar amount: Account: Account: Dollar amount: Account: Dollar amount: Account Dollar amount: Transaction 9 stockholders on March 31. Cash dividends totaling $5,000 were paid Account: Dollar amount: Cash Accounts Receivable Dollar amount: Account: Inventory Account: Dollar amount: Prepaid Rent Fixtures and Equipment Dollar amount: Account: Accounts Payable Interest Payable Account: Dollar amount: Paid-in Capital Submit Ans Retained Earnings Leave Blank Post D. Send Feedback
