Question: Create Journal Entries. DO NOT JUST USE CHATGPT TO ANSWER MY QUESTION LIKE LAST TIME. I NEED THE EXACT NUMBERS IN THE JOURNAL ENTRIES AND
Create Journal Entries. DO NOT JUST USE CHATGPT TO ANSWER MY QUESTION LIKE LAST TIME. I NEED THE EXACT NUMBERS IN THE JOURNAL ENTRIES AND HAVE THEM BE DEBITED AND CREDITED. THANK YOU. Peyton Manufacturing Companys fourth quarter of completed the following transactions. Common shares authorized and issued
Oct. Issued shares of $ par value common stock for $ per share.
Paid $ for October rent.
Paid $ cash on month insurance policy effective October
Purchased $ of merchandise, terms n
Sold $ of merchandise, n to customers. The cost of the merchandise sold was $
Paid for the merchandise purchased on October th
The bank printed checks for $ and charged the corporations checking account.
Nov. Purchased office supplies for $ terms n
Paid $ for November rent.
Granted $ credit for merchandise returned from customers that were sold on October rdThe cost of the merchandise returned was $
Purchased a used truck for $ paying $ cash and the balance on a month, note.
Received payment from the sales transaction on October rd less return.
Sold a truck for $ that was purchased in for $ The truck was depreciated using the straightline method over years with salvage of $Fully depreciated
Paid the amount owed on the office supplies.
Dec. Paid $ for December rent.
Purchased shares of treasury stock for $ per share.
Declared a $ per share cash dividend to stockholders of record on December th
Purchased $ of merchandise on account.
Date of record for December th dividend.
Paid the dividend declared.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
