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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Williams Corporation had the following purchases for May: May 3Bought ten lawn rakes from Owens Company, invoice no. J34Y9, 250.25; terms net 15 days; dated May 1; FOB shipping point, freight prepaid and added to the invoice, 15 (total 265.25). 11Bought one weed trimmer from Lionels Lawn Landscaping, invoice no. R7740, 219.72; terms 2/10, n/30; dated May 9; FOB shipping point, freight prepaid and added to the invoice, 35 (total 254.72). 15Bought five bags of fertilizer from Wrights Farm Supplies, invoice no. 478, 210.97; terms net 30 days; dated May 13; FOB destination. 25Bought one lawn mower from Gutierrez Corporation, invoice no. 2458, 425.39; terms net 30 days; dated May 22; FOB destination. Assume that Williams Corporation had beginning balances on May 1 of 3,492.29 (Accounts Payable 212), 4,239.49 (Purchases 511), and 234.89 (Freight In 514). Record the purchases of merchandise on account in the purchases journal (page 13) and then post to the general ledger.
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Journalize entries for the following related transactions of Manville Heating & Air Company:a. Purchased $90,000 of merchandise from Wright Co. on account, terms 2/10, n/30.b. Paid the amount owed on the invoice within the discount period.c. Discovered that $18,000 of the merchandise purchased in (a) was defective and returned items, receiving credit for $17,640 [$18,000 − ($18,000 × 2%)].d. Purchased $10,000 of merchandise from Wright Co. on account, terms n/30.e. Received a refund from Wright Co. for return in (c) less the purchase in (d).