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The following intormation applies to the questions displayed below 7 The following is the post-closing trial balance for the Whitow Manufacturing Corporation as of December 31. 2017 Cash 4,200 4,200 10,280 Inventory Equipment Accumulated depreciation-equipment Accounts payable Conmon stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 2,788 2,200 18,880 4,980 19,880 19,880 The following transactions occurred during January 2018: Jan. 1 Sold merchandise for cash, $2,780. The cost of the merchandise was $1,200. The company uses the perpetual inventory system. 2 Purchased equipment on account for $4,780 from the Strong Company. 4 Received a $150 invoice from the local newspaper requesting payment for an adverti sement that Whitlow placed in the paper on January 2. 8 Sold merchandise on account for $4,280. The cost of the merchandise was $2,eee 10 Purchased merchandise on account for $9,10e. 13 Purchased equipment for cash, $880. 16 Paid the entire anount due to the Strong Company. 18 Received $3,800 from custoners on account. 20 Paid $see to the owner of the building for Januarys rent. 30 Paid employees $2,200 for solaries and ages for the month of January 31 Paid a cash dividend of $1,000 to shareholders. Prev Next
3. Post the transactions into the appropriate T-accounts. (Enter the date of the trensaction in the colurnn next to the amount. Be sure to Include beginning balances 4,200 1,200 บา 8001/13 3,800 4,7001/16 800 1/20 2,200 1/30 1,000/31 2,700 1/8 4,200 3,8001/18 1/18 1,200 End 1,800 4.200 10,200 bal 2.000 /8 1/13 800 End bsl 10.100 15.700 2 200 1/4 150 1/10 100 End 11.450 pe here to search HP Support 1-800-490-0334
4,000 10,000 1131 10,000 5,900 1/1 2,700 1/8 4.200 1.200 1/8 2.000 End bal End 6,900 3.200 Rent Expense Salaries and Wages Expense 2.200 bal 1130 800 1/20 800 2 200 bal. Advertising Expense 23 ot s Next >
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