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Transaction 6 Wages and salaries in March were $10,600, of which $9,000 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: | Account:
Transaction 6 Wages and salaries in March were $10,600, of which $9,000 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: | Account: Dollar amount: Account: Dollar amount: 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: Dollar amount: Transaction 7 Miscellaneous expenses were $1,600, all paid for with cash. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Transaction 8 [4 points] On March 1, fixtures and equipment were purchased for $4,000 with a downpayment of $1,000 and a $3,000 note, payable in one year. Interest of 7% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 11 years with no expected salvage value. [Note: Record the complete March 1 entry for the equipment purchase first, the complete March 31 depreciation adjusting entry second, and the complete March 31 interest adjusting entry third.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: 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: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 9 Cash dividends totaling $3,000 were paid to stockholders on March 31. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: 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: Dollar amount
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