Journalize the following transactions and answer the question. 100 Assets 101 Cash 102 Accounts Receivable 103 Allowance

Journalize the following transactions and answer the question. 

  

Transcribed Image Text:

100 Assets 101 Cash 102 Accounts Receivable 103 Allowance for Doubtful Accounts 104 Merchandise Inventory 105 106 107 108 Prepaid Rent Store Supplies Store Furniture Accum. Depreciation - Store Furniture 200 Liabilities 201 Accounts Payable 202 Salaries Payable 203 Unearned sales CHART OF ACCOUNTS 400 401 402 300 Equity 301 Ken Austria, Capital Revenues Sales Sales Return and Allowances 508 509 510 511 512 500 501 502 Utilities Expense 503 Salaries Expense 504 505 506 507 Expenses Cost of Goods Sold Rent Expense Freight out Taxes and Licenses Expense Store Supplies Expense Depreciation Expense - Store Furniture Doubtful Accounts Expense Miscellaneous Expense Inventory Shortage Income Summary 100 Assets 101 Cash 102 Accounts Receivable 103 Allowance for Doubtful Accounts 104 Merchandise Inventory 105 106 107 108 Prepaid Rent Store Supplies Store Furniture Accum. Depreciation - Store Furniture 200 Liabilities 201 Accounts Payable 202 Salaries Payable 203 Unearned sales CHART OF ACCOUNTS 400 401 402 300 Equity 301 Ken Austria, Capital Revenues Sales Sales Return and Allowances 508 509 510 511 512 500 501 502 Utilities Expense 503 Salaries Expense 504 505 506 507 Expenses Cost of Goods Sold Rent Expense Freight out Taxes and Licenses Expense Store Supplies Expense Depreciation Expense - Store Furniture Doubtful Accounts Expense Miscellaneous Expense Inventory Shortage Income Summary

Answer rating: 100% (QA)

Find below the Journal Entries in the Month of November General Journal 01Nov Store Supplies Shippin... View the full answer