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Walmart Stores, Inc. engaged in the following transactions during January 2024: January 1: Started business with $100,000 cash. January 5: Purchased inventory for $30,000 in
Walmart Stores, Inc. engaged in the following transactions during January 2024:
- January 1: Started business with $100,000 cash.
- January 5: Purchased inventory for $30,000 in cash.
- January 10: Sold merchandise for $20,000 cash.
- January 15: Paid $5,000 for rent expenses.
- January 20: Received $15,000 from customers on account.
- January 25: Purchased office supplies for $2,000 on credit.
- January 30: Paid salaries to employees, $8,000.
Prepare ledger accounts for Cash, Inventory, Accounts Receivable, Rent Expense, Supplies, and Salaries Expense for Walmart Stores, Inc.
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