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What are the answers to the questions ACCT 607 Applied Case Assignment #2 (Chapters 2 and 3) - Continued 6. Assume that, during 2014, the

image text in transcribedWhat are the answers to the questions

ACCT 607 Applied Case Assignment #2 (Chapters 2 and 3) - Continued 6. Assume that, during 2014, the Company purchased an additiocal $38.3 million in law materials inventory for cash. Write the jumal entry necessary to record this transaction. 7. Assume that interest of $19.7 million was due mil paid for by the Company during 2014. Write the journal entry necessary to record these transactions & Assume that all of the Company's net sales are on account Write the joumal entry necessary to record total act sales for 2014. 9. Write the journal culty oxsary to record the Consay's "Schling, cacral, and administrative expenses" for 2014, assuming that 90 percent of the expense was paid fire with cash while 10 percent was paid for on credit to regular suppliers. (p) Page 22

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