Make a journal entry for the 5 listed items above for a thumbs up Required informationPA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting theBalance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5][The following information applies to the questions displayed below.]Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States ancabroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance. (The amounts shown represent milli-of dollars.)Accounts Payable$ 120Accounts Receivable16112CashCommon Stock27305EquipmentInventory148Notes Payable (long-term)1654Notes Payable (short-term)Prepaid Rent29Retained Earnings33326Salaries and Wages PayableSoftware65Assume that the following events occurred in the following quarter.a. Paid $45 cash for additional inventory.b. Issued additional shares of common stock for $35 in cash.c. Purchased equipment for $150; paid $70 in cash and signed a note to pay the remaining $80 in two years.d. Signed a short-term note to borrow $13 cash.e. Conducted negotiations to purchase a sawmill, which is expected to cost $34.PA2-3 (Algo) Part 3 View transaction listJournal entry worksheet12345Paid $45 cash for additional inventory. Record the transaction.Note: Enter debits before credits.TransactionGeneral JournalDebitaRecord entryClear entryCreditView general journal

A transaction is an organization interact that has a financial impact on a statement of financial…

Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.] Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States abroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance. (The amounts shown represent m of dollars.) Accounts Payable $ 120 Accounts Receivable Cash 16 112 27 Common Stock Equipment 305 Inventory 148 165 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent 4 29 Retained Earnings 333 26 Salaries and Wages Payable Software 65 Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory. b. Issued additional shares of common stock for $35 in cash. c. Purchased equipment for $150; paid $70 in cash and signed a note to pay the remaining $80 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34.

Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.] Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States abroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance. (The amounts shown represent m of dollars.) Accounts Payable $ 120 Accounts Receivable Cash 16 112 27 Common Stock Equipment 305 Inventory 148 165 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent 4 29 Retained Earnings 333 26 Salaries and Wages Payable Software 65 Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory. b. Issued additional shares of common stock for $35 in cash. c. Purchased equipment for $150; paid $70 in cash and signed a note to pay the remaining $80 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34.

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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How to I summarize the previous journal entries into these T chart ledgers?
Question is attached in the screenshot greatly appreciate the help 13ylp14y1pl4hp2lhtplhpt3lh3ptlh35bz
What would this journal entry look like?
1537_1&content_id= _43546 1 Guest On January 8, ABC Company purchases Raw material of $42,000 on account On January 30, ABC Company incurs $32,000 of factory labor costs. Of that amount, $27,000 relates to wages payable and $5,000 relates to payroll taxes payable in February 30/1/2020 ABC company incurred the following manufacturing overhead for the month of January: $1500 Depreciation of factory machines $3000 Depreciation of factory building $500 Factory water and electricity bill on account $250 Factory building property taxes will be paid at the end of the year 2020 $200 Factory machines repair on account On January, ABC Company uses $24,000 of direct materials and $6,000 of indirect materials in January On January, the $32,000 total factory labor cost consists of $28,000 of direct labor and $4,000 of indirect labor 7:36 PM 20°C Clear A S O la 11/6/2021
Approved CAE_BSA BSMA BSAIS BSIA_ACC 124_Sombilon.Aguilar (1).pdf - Foxit Reader File Home Comment Fil & Sign View Form Protect Share Connect Help Tell me what you want to do... Find O SnapShot B Clipboard O Fit Page TI T 110.51% A Link File Attachment D Fit Width D Fit Visible Rotate Left Bookmark Le Image Annotation Hand Select Actual Reflow Typewriter Highlight Rotate Right | Audio & Video Size Tools View Comment Links Insert PDF 4 Word Convert Start Approved CAE_BSA BS... PDF 2 Word DAIF checks of customers returned by bank Error in recording a check in the book. The correct amount as paid by the bank is P100,000 instead of P200,000 as recorded in the book The correct cash balance under current assets on December 31, 2019 is 500,000 100,000 Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. Balance of bank statement 1,200,000 Outstanding checks, August 31: Number 555 10,000 55,000 40,000 25,000 65,000 70,000 275,000 761 UM 762 763 764 765…
The answer given is in journal entry form, the question is asking for tabular summary form. Could this please be provided?
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