Required information [The following information applies to the questions displayed below.] Suppose your company sells goods for $380, of which $240 is received in cash and $140 is on account. The goods cost your company $141 and were paid for in a previous period. Your company also recorded salaries and wages of $110, of which only $38 has been paid in cash. Required: 1. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet > A B Record the sales revenue of $240 for cash and $140 on account and record the cost of goods sold of $141 using one journal entry. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit S < Prev 3 4 of 10 Next >

Please include steps and explanations

Pharoah Company has a balance in its Accounts Payable control account of $8,460 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $2,970; Janish Company, balance $1,770; and Valdez Company. During January, the following payable-related transactions occurred.     Purchases   Payments   Returns Hale Company   $6,750   $5,990   $ 0 Janish Company   5,060   1,770   3,500 Valdez Company   5,885   6,430   0       What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $

H1.

On March 2, Riverbed Company sold $832,000 of merchandise on account to Swifty Corporation, terms 2/10, n/30. The cost of the merchandise sold was $603,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation (b) Your answer is correct. (c) Inventory Accounts Payable e Textbook and Media List of Accounts ✓ Your answer is correct. Inventory eTextbook and Media On March 6, Swifty Corporation returned $83,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $60,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Accounts Payable List of Accounts ➡ Your answer is partially correct. Account Titles and Explanation…

(a) Your answer is correct. On March 2, Riverbed Company sold $832,000 of merchandise on account to Swifty Corporation, terms 2/10, n/30. The cost of the merchandise sold was $603,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation (b) Inventory Accounts Payable eTextbook and Media List of Accounts Debit 832,000 Debit Credit 832,000 Attempts: 1 of 3 used On March 6, Swifty Corporation returned $83,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $60,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Credit

Flounder Company purchased merchandise on account from a supplier for $32,100, terms 2/10, n/30. Flounder Company returned $8,600 of the merchandise and received full credit. a. If Flounder Company pays the invoice within the discount period, what is the amount of cash required for the payment? EE 6-2 p. 288 SHOW ME HOW b. What account is credited by Flounder Company to record the return?

The following are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) On January 6, Sheffield Co. sells merchandise on account to Pryor Inc. for $11,700, terms 4/10, n/30. On January 16, Pryor Inc. pays the amount due. Prepare the entries on Sheffield's books to record the sale and related collection. On January 10, Andrew Farley uses his Paltrow Co. credit card to purchase merchandise from Paltrow Co. for $17,400. On February 10, Farley is billed for the amount due of $17,400. On February 12, Farley pays $8,700 on the balance due. On March 10, Farley is billed for the amount due, including interest at 4% per month on the unpaid balance as of February 12. Prepare the entries on Paltrow Co's books related to the transactions that occurred on January 10, February 12, and March 10. No. Date Account Titles and Explanation (a) (b) > > Debit Credit

[A] Instructions: Compute for the required item (refer to the photo below) using a yellow ruled sheet. (Show solution)

hh. Subject:- Accounting  On December 31, the company purchases equipment for $10,000 and pays for the purchase in cash.Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.