Question: Using the template below, record the following transactions for Jareds Appliances Ltd. (JAL): Sept. 9 JAL made sales of $19,500, of which $11,000 was on
Using the template below, record the following transactions for Jared€™s Appliances Ltd. (JAL):
Sept. 9 JAL made sales of $19,500, of which $11,000 was on account. The appliances sold had cost JAL $11,200 when they were originally purchased from Samsung.
Sept. 11 JAL collected $6,200 from customers making payments on their accounts.
Sept. 18 JAL purchased dishwashers with a cost of $7,800 on account.
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Assets Liabilities S/H Equity Loan Common Retained P Payable Date CashA/R InventoryAP Payable Shares Earnings R/E/DD ory AVP
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