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Required information Exerclse 7.19A (Algo) Comprehenslve single-cycle problem LO 7.1, 7.5, 7.6 [The followng information applies to the questions displayed below.] The followng post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31. Year 1. Iransactions for Year 2 1. LGS acquired an additional $9.100 cash from the issue of common stock. 2 LGS purchased $60,500 of inventory on account. 3. LGS sold Inventory that cost $61,700 for $96,200. Sales were made on account. 4. The company wrote off $1,150 of uncollectible accounts. 5. On September 1, LGS laaned $9,500 to Eden Company The note had an 7 percent interest rate and a one-year term. 6. LGS paid $16,350 cash for operating expenses. 7. The company collected $89.680 cash from accounts recelvable. 8. A cash payment of $47.350 was paid on accounts payable. 9. The company paid a $5.200 cash dividend to the stockholders 10. Accepted credit cards for sales amounting to $3,900. The cost of goods sold was $1,800. The credit card company charges a 3 percent service charge. The cash lyas not been recelved. 11. Uncollectible accounts are estimated to be 2 percent of sales on account. 12 Recorded the accrued interest at December 3 . Year 2 Record the issuance of additional common stock. Note: Enter debits before credits. Requlred a. Record the given tvansactions in general joumal form of no entry is required for a transa required" in the first account field. Roend your answers to nearest whole dollar) Journal entry worksheet Required a. Record the given transactions in general Joumal form. (if no entry is required for required" in the first account field. Round your answers to nearest whole dollar.) Journal entry worksheet Record sale of inventory on account. Note: Enter debits before credits. Journal entry worksheet Record cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Record the entry to write-off uncollectible accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry for loan granted to Eden Company for one year term at 7 percent interest rate. Note: Enter debits before credits. quired Record the given transactions in general Joumal form. IIf no entry is req quired" in the first account field. Round your answers to nearest whol Journal entry worksheet Record cash paid for operating expenses. Note: Enter debits before credits. Record cash collected from accounts receivables. Note: Enter debits before credits. d the given transactions in general journal form. (If no entry is required for a d" in the first account field. Round your answers to nearest whole dollar.) ournal entry worksheet A F G H K N Record cash payment for accounts payable. Note: Enter debits before credits. Journal entry worksheet Record cash dividend paid to the stockholders. Note: Eniter debits before credits. 12. Recorded the accrued interest at December 31, Year 2 Exerclse 7.15A (Algo) Part a Required a. Record the given transactions in general journal form. (If no entry is re. requlred" in the first account field. Round your answers to nearest who Journal entry worksheet Record sales on credit card payment with 3%6 service charge. Notei Enter debits bofore credits 12. Recorded the accrued Interest at December 31 , Year 2 erclse 7.15A (Algo) Part a quired Record the given transactions in general Journal form. If no entry is requirec quired" in the first account field. Round your answers to nearest whole doll Journal entry worksheet