Question: I need help reconstructing a general journal entry for these transactions Cmpartile sheets June 30, 1919 a 2018 Manet Cash Accounts receivable, + 61,600 110,400
Cmpartile sheets June 30, 1919 a 2018 Manet Cash Accounts receivable, + 61,600 110,400 $1,000 63,000 Tutor $8,000 10.000 Prepaid expenses 5.100 7.600 Total arts 316,999 175, 100 Busest 195,000 18,30 lated deprecatent L.020 116.000 Totalt 1363,900 340.000 Liabilities and ty Accounts payable 35,000 $10.000 AS Date 7.000 17,000 Encontres payable 4.500 5.000 Torre bilities 42.500 50,000 Motos payable on to 49.000 30,001 Total Liabilities 82.505 140,000 Betty Common stock. 15 parte 240.000 170,000 Betained ringe 41.40 Total llits and equity $36.00 340.000 TWIERCINCORPORATED The Batent Poe Test died June 30, 2014 11.030,000 Coat of goods sola 635.000 do pro 403.000 Openings Depreciation $ 17,00 Oh we 103.000 Total operations 1190.000 213,000 Other gas los Gain on sale of Inco before tas 219,300 Thomsen 41.310 152,50 Additional Information - A $40,000 note payable is retired at its $40.000 carrying book) value in exchange for cash b. The only changes affecting retained earnings are net income and cash dividends paid. New equipment is acqueed for $85.000 cash. d. Received cash for the sake of equipment that has cost $1000, yielding a 56.900g Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement L. All purchases and sales of inventory are on credit Romane Ger XO Ge Ledger Tralance Direct Method that Muthod 5 4 1 2 3 5 Q W E R
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
