Hello,

If you could please check my work on the following journal entries, that would be greatly appreciated.

Disclaimer: My professor used account names such as machinery instead of PP&E on the balance sheet that we are supposed to fill out after completing these journal entries. He also Included COGS in the Income Statement. However, I'm not sure how we can go about calculating COGS from the information given.

All necessary pictures are included bellow. Thank you so much in advance for your help. Fully understanding this case problem is paramount to my success. Therefore, a detailed explanation would be much appreciated.

Dr. Cas Cammon Stock loo CC Cash 5 ol Dr Raul Mateials Cr Cash DC Cash Dr. AIR 13 Cr. Sales Revenue Raw Mateo 35 D Adusdising Expense lo) Dr, A Expenses Dr. Manufacturing Exp 77 Cr. Cash