Question: NEED HELP WITH DOING SEPARATE JOURNAL ENTRIES/SHEETS FOR 1-13 Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for

 NEED HELP WITH DOING SEPARATE JOURNAL ENTRIES/SHEETS FOR 1-13 Required: 2.Prepare general journal entries to record each transaction. (If no entry is

NEED HELP WITH DOING SEPARATE JOURNAL ENTRIES/SHEETS FOR 1-13

Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 13 > Sold merchandise for cash, $2,700. Note: Enter debits before credits. General Journal Credit Date Jan 01, 2021 Cash Sales revenue Debit 2,700 2,700 (1,200) Record entry Clear entry View general lournal The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 4,200 1,200 4,200 10,200 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 2,700 2,200 10,000 4,900 0 0 0 0 0 19,800 19,800 Jan. The following transactions occurred during January 2021: 1 Sold merchandise for cash, $2,700. The cost of the merchandise was $1,200. The company uses the perpetual inventory system. 2 Purchased equipment on account for $4,700 from the Strong Company. 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. 8 Sold merchandise on account for $4,200. The cost of the merchandise was $2,000. 10 Purchased merchandise on account for $9,100. 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong Company. 18 Received $3,800 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $2,200 for salaries for the month of January. 31 Paid a cash dividend of $1,000 to shareholders

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