Question: Prepare general journal entries to record each transaction. Note: If no entry is requierd for a transaction/event, selet no journal entry requierd If everything
[The following information applies to the questions displayed below] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2023. The following transactions occurred during January 2024 : January 1 sold inventory for cash, \$2,600. The cost of the inventory wos \$1, 100, The company uses the perpetual inventory system. January 2 Purchased equipment on account for $4,600 from the 5 trong Company. The full amount is due in 15 days. January 4 Recefved a $200 involce fron the local newspaper requesting payment for an advertisement that Whitiow placed in the paper on Janusry 2. January 8 Sold inventory on account for $4,100. The cost of the inventory was \$1,900. January 10 Purchased inventory on account for \$9,ese. January 13 Purchased equipment for cash, $900. January 16 pald the entire amount due to the Strong Company. January 18 Received $4,000 from customers on account. January 20 Paid $900 to the owner of the bullding for January's rent. zanuary 30 paid employees $2,100 for salaries for the month of january. January 31 paid a cash dividend of $900 to shareholders
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