I need help turing these trasnactions into a journal entry.please don't give solution image format thanku A BfxJuly Transactions7/17/1CMilkSugarCacaoButterDThe company paid the monthly rent2400Paid on account for an ad in the local radio station for $900InstructionsProject InstructionsEJuly General JournalF7/2 Paid the first installment due for the purchase of the Ice Cream Equipment (total $3400)7/5Purchased the following inventory items:DescriptionQuantity in LB Price240 $2.95190 $1.65120 $3.75130 $ 3.25July T Account LedgerTotal Cost$708.00$313.50$450.00$422.50GJuly FIFO7/5 Incurred $75 of freight cost, which they paid in cashAll the inventory left over from June and purchased July was fully utilized in making the ice cream in July7/15 Paid in full the Furniture purchased on account in June.7/15 Paid in full the cost of the laptop7/15 Paid in full the cost of the QuickBooks software7/30 Paid the salaries of the two employees for July7/30 Collected $8,900 in cash salesHJuly Trial BalanceIJuly Income StatementJJuly Balance Sheet +KLM

A journal entry is the act of keeping or making records of any transactions either economic or…

Answered: The company paid the monthly rent

Business

Accounting

The company paid the monthly rent

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 37E: Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following...

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journalize entries for the following related transactions of greenville heating & air company: a. purchased $33,000 of merchandise from foster co., on account terms 2/10, n 30 b. paid the amount owed on the invoice within the discount period. c. Discovered that $6,600 of the purchased in (a) was defective and returned items, receiving credit for $6,468 ($6,600-($6,600 x2%) ).d. purchased $5,400 of merchandise from foster co., on account, terms n/30. e. received a refund from foster co., in (c) less the purchase in d.
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