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Transactions for a Basic Business You operate a small store with the following transactions. Post the business's transactions by entering either a positive or negative
Transactions for a Basic Business You operate a small store with the following transactions. Post the business's transactions by entering either a positive or negative value in the appropriate yellow cells. Cost of Revenues Operating Expenses Operating Income Interest Income (Exp.) Pretax Income Revenues Taxes Net Income Transactions Ship and invoice $440 of goods that cost $215 Depreciate office equipment $50 Receive payment for last month's shipment of $150 Receive goods costing $100 and put in inventory Pay sales commission of $5 Receive $2 of interest on cash balances Pay sales manager $10 Receive customer returns priced at $10 that had cost $6 Scrap $5 of goods destroyed in shipment to customer Pay accountant $250 for audit Pay rebate of $2 on sales Purchase a machine for $500 Pay supplier $120 for goods received last month Pay $10 interest on debt Totals $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
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