Question: Please help all the queations are linked togther QUESTION 1 1. On 1/10/98 the Purchase sys purchased inventories worth of $20,000 on credit and a

QUESTION 1 1. On 1/10/98 the Purchase sys purchased inventories worth of $20,000 on credit and a periodic inventory process is used. The AP/CD system notified the GL/BR sys of establishing payables. The debit entry is and the credit entry is Do not use the dollar $ sign for all the questions below. QUESTION 2 2. GL cash disbursement update: It is notified that on 1/20/98 the AP/CD sys paid the payable recorded in transaction 1 above. The debit entry is and the credit entry is QUESTION 3 3. GL invoking update: After the OE/S sys notified shipping of goods at the selling price of $145,000, the B/AR/CR sys sent an invoice to the customer Also the B/AR/CR system notified the GL/BR of the update. The debit entry is and the credit entry is QUESTION 4 4. GL estimated bad debts update: The B/AR/CR sys estimated the $40,000 is expected be uncollectible for the next accounting period. The GL/BR was notified. The debit entry is and the credit entry is QUESTION 5 5. GL write-off update: The B/AR/CR sys determined that $25,000 account receivables owed by XYZ company became uncollectible due to its bankruptcy. It notified the GU/BR of the update. The debit entry is and the credit entry is
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