Question: Use the information below to complete the missing Journal Entries and subsequent tabs . 1 . On March 6 th , Circuit Computers paid $

Use the information below to complete the missing Journal Entries and subsequent tabs.
1. On March 6th, Circuit Computers paid $20,000 by check to Pinnacle Advertising Group for last quarters advertising/marketing campaign (selling expenses).
2. On March 25th, client B&G paid their outstanding invoice for $25,776.87 by check.
3. On March 25th, Circuit Computers used credit to restock $75,000 worth of circuit boards from their supplier.
4. Also on March 25th, Circuit Computers sold $35,000 worth of circuit boards to a customer and sent them an invoice (#2531). The total cost of circuit boards sold were $20,000.
5. On March 26th, Circuit Computers made their monthly $4,500 Note payment to FCA Credit Union by check. Their interest amount was $500.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!