Check My Work 7 For Each Of The Five Independent Situations Below Prepare A Journal Entry That Summarizes The Purchases 1 (140.97 KiB) Viewed 39 times
Check my work 7 For each of the five independent situations below, prepare a journal entry that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers. All dollars are in millions. 7 points Complete this question by entering your answers in the tabs below. Skipped Cash Paid to Supp General Journal eBook Calculate the amount of cash paid to suppliers for each situation. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Print References Situation Cost of Goods Sold Inventory Increase (Decrease) Accounts Payable Increase (Decrease) Cash Paid to Suppliers 1 275 0 0 2 275 8.9 0 3 275 0 14.2 4 275 8.9 14.2 5 275 (8.9) (14.2) Cash Paid to Sunn General lournal
Check my work 7 Cash Paid to Supp General Journal 7 points Prepare a journal entries that summarizes the purchases, sales, and payments related to inventories in order to determine the amount of cash paid to suppliers. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) eBook View transaction list Print References Journal entry worksheet < 1 2 3 4 5 > Record the entry for situation 1 Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general Journal
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