Question: Make the general journal entries They begin the month with 2,000 pounds of raw coffee bean inventory ($7.00/Lb) and 1,500 onepound packages in inventory at

Make the general journal entries
Make the general journal entries They begin the month with 2,000 pounds

They begin the month with 2,000 pounds of raw coffee bean inventory ($7.00/Lb) and 1,500 onepound packages in inventory at $1.50 / package. December 1 - He makes a payment on his Loan Payable of $14,000($5,930.58 is interest and the rest is principle). He pays with check # 1301 . - December 2 - Purchased 5,600 pounds of raw coffee beans for $42,000. He paid the vendor 1/2 the amount in cash and will pay the other half next month. He pays with check # 1302 . - December 3 - Purchased 4,000 one-pound packages for $5,500 (he pays the vendor $3500 in cash and will pay the rest next month). He pays with check #1303. - December 5 - Pays his employees $21,500 for wages earned and recorded in November. He pays by automatic withdrawal from his checking account

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