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what is the correct way to fill this out? Enter each transaction under both single-gnu-y and accounting. Single EM ry Entry I. Bought 30 bags
what is the correct way to fill this out?
Enter each transaction under both single-gnu-y and accounting. Single EM ry Entry I. Bought 30 bags Of seed corn @ S80 per bag from Garst, S2,400 total. 2. Made payment to AgCo Finance for combine loan, Of which was principal. 3. The other S4,800 was for interest. Traded a tandem disk to Smith Implement for a new one priced at S 16,000. Dealer allowed trade-in value on the old disk, so cash paid was S7,000. s. Borrowed S 18,000 for farm operating expenses from Bank One. 6. Paid feed bill ofS3,500. It had been entered as an account payable (liability) previously. 7. Sold 200 market hogs to IBP Total check was for S24.400. Pigs had been recorded in inventory when they weighed 50 pounds. at a value of SIO.OOO.
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