Transaction 2 The company quickly acquired $39,000 in inventory, 70% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: Cash Dollar amount: 27300 Account: Inventory Dollar amount: 39000 Account: Accounts Payable Dollar amount: 11700 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Transaction 3 A one-year store rental lease was signed on March 1 for $1,100 per month, and rent for the first 2 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.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 4 The owners paid $4,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry]. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 5 Sales were $60,000. Cost of merchandise sold was 70% of sales. 20% of sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 6 Wa Previous content resource ch were $10,600, of which $8,400 was actually paid to employees. Wa, vva - - - Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 7 Next content resource ses were $1,800, all paid for with cash. Account: Dollar amount: Account: Dollar amount: > Account: Dollar amount: Dollar amount: Account: * Tries 0/5 Transaction 8 On March 1, fixtures and equipment were purchased for $4,000 with a downpayment of $2,000 and a $2,000 note, payable in one year. Interest of 5.5% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 10 years with no expected salvage value. [Note: Record the complete entry for the March 1 equipment purchase first, the 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: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 9 Cash dividends totaling $3,600 were paid to stockholders on March 31. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: ** Tries 0/5 Account: Account: Account: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Account: # lin Other Views