Question: please fill in blanks and correct values thank you Begin by recording the joumal entries start with transaction (1) (Record debits first, then credits. Select









Begin by recording the joumal entries start with transaction (1) (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journal Entry Accounts and Explanations Debit Credit Now record the journal entry for transaction (2). Journal Entry Accounts and Explanations Debit Credit 2. Now record the journal entry for transaction (3), Journal Entry Accounts and Explanations Debit Credit 3. Now record the journal entry for transaction (4), Journal Entry Accounts and Explanations Debit Credit Now record the journal entry for transaction (5) Journal Entry Accounts and Explanations Debit Credit 5. Now, record the journal entry for transaction (6) Journal Entry Accounts and Explanations Debit Credit 6. Finally, record the journal entry for transaction (7). Journal Entry Accounts and Explanations Debit Credit 7 Cash Determine the ending balance in each account. (Select the "Bam label and enter each account balance on the correct side of the account.) Supplies Land Equipment 8,800 (4) 9,000 500 (5) 80 (4) 36,000 (1) 3,300 (2) 6,500 (6) (7) 260 (5) 80 3,300 Notes Payable Accounts Payable 260 (3) (6) Common Stock (1) 500 8,800 (2) (4) 6,500 27,000 As Quail Hollow moves into the next period, how much cash does the business have? The company's cash balance is How much does Quail Hollow owe in total liabilities? The company owes Data Table Cash Land Supplies 500 (5) 9,000 (3) 80 (4) 36,000 Equipment (7) 3,300 (1) (2) (5) 8,800 (4) 6,500 (6) 80 (7) 260 3,300 Common Stock Accounts Payable 260|(3) (6) 500 Notes Payable (2) 6,500 (4) 27,000 (1) 8.800
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