Financial accounting,

Complete the journal entry

The drop down menu next to each items are: accounts receivable Equipment Salaries Payable Accounts Payable Notes payable long-term debt capital stock revenue cost of goods sold utilities expense salary expense dividends

The other drop down menu is:

credit

debit

Ethan was asked to prepare journal entries as of December 31, 20XX. He was given the balances in the company's general ledger as of January 1, 20XX. Complete the following journal entries. Note: All expenses were paid in cash, unless otherwise stated. If items are credited, use the Increase Indent feature in the Alignment group under the Home menu tub. For each entry, make sure that debits come before credits for each entry if possible.

Generated $200,000 revenue. 80% for cash and 20% on credit. All of accounts receivable as of January 1, 20XX were collected in full during the fiscal year. In cells C4:C8, choose Debit or Credit from the dropdown menu. In cells D4:D8, choose the accounts to debit or credit based on the transaction. In cells E4:F8, type the amount debited or credited for each account.

he cost of goods sold was $32,000. In cells C9:C10, choose Debit or Credit from the dropdown menu. In cells D9:D10, choose the accounts to debit or credit based on the transaction. In cells E9:F10, type the amount debited or credited for each account.

he cost of new equipment purchased was $12,000. Of the total, $8,000 of the cost is paid with cash and a $4,000 notes payable for the balance was taken out. In cells C11:C13, choose Debit or Credit from the dropdown menu. In cells D11:D13, choose the accounts to debit or credit based on the transaction.

In cells E11:F13, type the amount debited or credited for each account.Purchased inventory for $30,000, with $20,000 cash and $10,000 on credit. In cells C14:C16, choose Debit or Credit from the dropdown menu. In cells D14:D16, choose the accounts to debit or credit based on the transaction. In cells E14:F16, type the amount debited or credited for each account.

Wages earned in 20XX are $4,000 and will be paid on January 10, 20XX. In cells C17:C18, choose Debit or Credit from the dropdown menu. In cells D17:D18, choose the accounts to debit or credit based on the transaction. In cells E17:F18, type the amount debited or credited for each account.

Paid $60,000 this year to the part-time employees. In cells C19:C20, choose Debit or Credit from the dropdown menu. In cells D19:D20, choose the accounts to debit or credit based on the transaction. In cells E19:F20, type the amount debited or credited for each account.

Dividends of $10,000 were paid. In cells C21:C22, choose Debit or Credit from the dropdown menu. In cells D21:D22, choose the accounts to debit or credit based on the transaction. In cells E21:F22, type the amount debited or credited for each account.

Journal Entries Item Debit Credit Account Cash a. $ $ $ $ As of January 1, 20XX Debits Credits 39,000.00 10,000.00 41,000.00 15,000.00 $ 8,000.00 $ 9,000.00 $ 32,000.00 $ 30,000.00 $ 26,000.00 b. Accounts Receivable Inventory Equipment Salaries Payable Accounts Payable Notes Payable Long-Term Debt Capital Stock Revenue Cost of Goods Sold Utilities Expense Salary Expense Dividends Total C. d. e. $ 105,000.00 $ 105,000.00 f. g