Required: 1Journal entry 2.General ledger various personal equipment for all persons from different walks of life. Listed

Required:

1Journal entry

2.General ledger

Transcribed Image Text:

various personal equipment for all persons from different walks of life. Listed below are the February 1, 2022 account balances of Love Language Trading Co.: 110 120 130 140 Cash Accounts Receivable Merchandise Inventory Supplies 150 Prepaid Insurance 160 170 175 Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment 180 185 210 220 230 310 320 330 410 420 430 510 520 530 540 Transportation In 600 610 Accounts Payable Salaries Payable Mortgage Payable Ouano, Capital Ouano, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchase Returns and Allowances Purchase Discounts Cost of Goods Sold Salaries Expense Supplies Expense Insurance Expense 620 630 640 650 660 670 680 690 Miscellaneous Expense P Depreciation Expense - Building Depreciation Expense - Equipment Transportation Out Advertising Expense Interest Expense 33,000 192,000 740, 520 51,000 48,000 460,000 1,750,000 2,310,000 P5.584.520 P 350,000 630,000 108,000 2,600,000 1,896,520 P5.584.520 various personal equipment for all persons from different walks of life. Listed below are the February 1, 2022 account balances of Love Language Trading Co.: 110 120 130 140 Cash Accounts Receivable Merchandise Inventory Supplies 150 Prepaid Insurance 160 170 175 Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment 180 185 210 220 230 310 320 330 410 420 430 510 520 530 540 Transportation In 600 610 Accounts Payable Salaries Payable Mortgage Payable Ouano, Capital Ouano, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchase Returns and Allowances Purchase Discounts Cost of Goods Sold Salaries Expense Supplies Expense Insurance Expense 620 630 640 650 660 670 680 690 Miscellaneous Expense P Depreciation Expense - Building Depreciation Expense - Equipment Transportation Out Advertising Expense Interest Expense 33,000 192,000 740, 520 51,000 48,000 460,000 1,750,000 2,310,000 P5.584.520 P 350,000 630,000 108,000 2,600,000 1,896,520 P5.584.520

Answer rating: 100% (QA)

ANSWER 1 Journal Entry Debit Credit Cash 33000 Accounts Receivable 192000 Merchandise Inventory 7405... View the full answer