Usins stable Number thaction Here is an example of the Debit Credit Since there is no date, identify each transaction by the number given. You may omit des not includes an explanation for the transactions 1 Stockholders invest $60.000 in cash in starting a cake baking company operating as a corporation sed $800 of supplies on credit ed a machine for $28.000. paying $3.500 in cash and signed a 30-day, $24.500, note payable. missions billed to clients amount to $4,000 In cash for the current rent cash on account for oupplies previously purchased on credit Edit Format Table 12pt Paragraph BIA Number 1 (Acco I (Credit 2 3 4 5 Using a table, make an adjusting journal entry for each transaction. Omit explanations. Here is an example of a table Number Account Debit Credit 1. Depreciation on equipment is $1,540 for the accounting period. 2. Calculate the Interest owed on a loan but not paid or recorded. The note is $34,500 with a 5% interest rate. Four months have past. (formula 1 = PxRxT) 3. There was no beginning balance of supplies and $650 of office supplies were purchased during the period, At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $800 had expired (has been used). 5. Accrued salaries at the end of the period amounted to $900. Prepare separate entries for each transaction on the books of Sandhill Company. (If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 Inventory 8000 Accounts Payable 8000 June 117 Inventory -430 Cash 130 June 12 Accounts Payable 500 Inventory 50 June 19 Accounts Payable 7500 Inventory 150 Cash Prepare separate entries for each transaction for Carla Vista Company. The merchandise purchased by Sandhill Company on June 10 cost Carla Vista Company $2,090, and the goods returned cost Carla Vista Company $280. (If no entry is required, select "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 : Inventory (To record credit sale) (To record cost of goods sold) June 112 June 125 (To record credit sale) (To record cost of goods returned) June 19 Usins stable Number thaction Here is an example of the Debit Credit Since there is no date, identify each transaction by the number given. You may omit des not includes an explanation for the transactions 1 Stockholders invest $60.000 in cash in starting a cake baking company operating as a corporation sed $800 of supplies on credit ed a machine for $28.000. paying $3.500 in cash and signed a 30-day, $24.500, note payable. missions billed to clients amount to $4,000 In cash for the current rent cash on account for oupplies previously purchased on credit Edit Format Table 12pt Paragraph BIA Number 1 (Acco I (Credit 2 3 4 5 Using a table, make an adjusting journal entry for each transaction. Omit explanations. Here is an example of a table Number Account Debit Credit 1. Depreciation on equipment is $1,540 for the accounting period. 2. Calculate the Interest owed on a loan but not paid or recorded. The note is $34,500 with a 5% interest rate. Four months have past. (formula 1 = PxRxT) 3. There was no beginning balance of supplies and $650 of office supplies were purchased during the period, At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $800 had expired (has been used). 5. Accrued salaries at the end of the period amounted to $900. Prepare separate entries for each transaction on the books of Sandhill Company. (If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 Inventory 8000 Accounts Payable 8000 June 117 Inventory -430 Cash 130 June 12 Accounts Payable 500 Inventory 50 June 19 Accounts Payable 7500 Inventory 150 Cash Prepare separate entries for each transaction for Carla Vista Company. The merchandise purchased by Sandhill Company on June 10 cost Carla Vista Company $2,090, and the goods returned cost Carla Vista Company $280. (If no entry is required, select "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 : Inventory (To record credit sale) (To record cost of goods sold) June 112 June 125 (To record credit sale) (To record cost of goods returned) June 19