You own an insurance agency. The company you sell insurance for decided to raise their rates on all existing and new business. They also decided they no longer want to insure condominium associations which is a majority of your business.

You decide to start a firewood business to make up for your lost wages. With the information provided, please create the journal entries needed. Once done, please provide the net income for the day.

Nov. $122023$

$$ Purchase of wood, $5$ face cords at $$80$ a face cord cash.

$$ Sold $1$ face cord for $$200,$ customer paid in cash

$$ Sold $1$ face cord for $$200,$ customer paid by check

$$ Sold $1$ face cord for $$200,$ customer paid via Venmo

$$ Sold $1$ face cord for $$200,$ customer paid via Zelle

$$ Sold $1$ face cord for $$200,$ customer paid in cash

$$ Van rental expense $$19$ plus $\mathrm{.}69$ cent $/$mile$.$ You drove $50$ miles $($cash$)$

Gas expense of $$25$ cash i would appreciate if you kindly show journal entry and income also how to calculate inventory $$2980$