1. Using EXCEL => Prepare the appropriate journal entry for each of the transactions for CampIn Inc. during the first three months of 2021 (see transactions on page 2). 2. Using EXCEL => Post the journal entries to the appropriate “T-Accounts.” MonthDayJanuary15Sold1,000 unitsSUV Tent Systems toCamping World onaccountSales Price/UnitCOGS/Unit650275January30Sold2,500 unitsTruck Tent Systems toCabela'sonaccountSales Price/UnitCOGS/Unit850325January31Paid monthly employee salaries2$42,000February12Recelved payment fromCamping World650,000February17Purchased inventory from supplierin Alaska1,000,000 onaccountFebruary28Paid monthly employee sal aries42,000March2Received payment fromCabela's2$2,125,000March10Pald supplier in Al aska for February purchase2$1,000,000March25Sold3,000 unitsCar Tent SystemstoScheelsonaccountSales Price/UnitCOGS/Unit550250March31Paidmonthly employee salaries2$42,000%24%24

1. Using EXCEL => Prepare the appropriate journal entry for each of the transactions for CampIn Inc. during the first three months of 2021 (see transactions on page 2). 2. Using EXCEL => Post the journal entries to the appropriate “T-Accounts.”

1. Using EXCEL => Prepare the appropriate journal entry for each of the transactions for CampIn Inc. during the first three months of 2021 (see transactions on page 2). 2. Using EXCEL => Post the journal entries to the appropriate “T-Accounts.”

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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With the given information prepare journal entries in the General Journal to record each of the transactions.
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