Question: Record entry for situation 1 Record entry for situation 2Record entry for situation 3Record entry for situation 4 Prepare the summary entries necessary to determine

Record entry for situation 1 Record entry for situation 2Record entry for situation 3Record entry for situation 4

Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below. Cost of 01:33:55 Situation goods sold Inventory Increase Casl D WNH $400 , 000 ( Decrease) Account payable $ 6, 000 Increase (Decrease) su $ O 400 , 000 100 , 000 O 7, 000 100 , 000 6 , 000 7, 000 (6, 000) (7, 000) Complete this question by entering your answers in the tabs below. Cash Paid General Journal Prepare the summary entries. (If no entry is required for a transaction/event, select "No jour field.) View transaction list Journal entry worksheet 2 3 4 Record the entry for situation 1. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal

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