I need help posting all ten journal entries from PSB 3-3 to the appropriate T-accounts and determine
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I need help posting all ten journal entries from PSB 3-3 to the appropriate T-accounts and determine the ending balance of each account.
7/1 | Cash | 200,000 | |
Katherine Johnson, Capital | 200,000 | ||
7/4 | Merchandise Inventory | 35,000 | |
Cash | 35,000 | ||
7/6 | Supplies | 650 | |
Accounts Payable | 650 | ||
7/7 | Cash | 1,850 | |
Sales Revenue | 1,850 | ||
Cost of Goods Sold | 775 | ||
Merchandise Inventory | 775 | ||
7/14 | Accounts Payable | 650 | |
Cash | 650 | ||
7/16 | Telephone Expense | 110 | |
Cash | 110 | ||
7/19 | Cash | 2,300 | |
Sales Revenue | 2,300 | ||
Cost of Goods Sold | 1,115 | ||
Merchandise Inventory | 1,115 | ||
7/22 | Accounts Receivable | 6,200 | |
Sales Revenue | 6,200 | ||
Cost of Goods Sold | 4,000 | ||
Merchandise Inventory | 4,000 | ||
7/23 | Wages Expense | 1,250 | |
Cash | 1,250 | ||
7/31 | Katherine Johnson, Drawing | 5,500 | |
Cash | 5,500 |
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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