A business had the following transactions during the month of October 2020.
October 1
The owner contributed 800,000 cash to the business.
October 3
The business purchased inventory worth 100,000 on cash basis.
October 4
The business purchased inventory worth 400,000 on account.
October 8
The business sold goods for 300,000 cash. The cost of the goods sold is 120,000.
October 12
The business sold goods for 700,000 on account. The cost of the goods soldnis 280,000.
October 15
The business paid 400,000 accounts payable.
October 17
The business collected 700,000 accounts receivable.
October 18
The business purchased equipment worth 280,000 cash.
October 22
The owner withdrew 20,000 from the business.
October 31
The busines paid salaries expense of 50,000.
Requirement: Provide the journal entries to record the transactions.
Answers
Answered by
0
Answer:
can I know what is this
Explanation:
please add me brainlist
Similar questions