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.”

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12EA: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the...

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