uestion No. (2) efollowing transactions occurred in Henry Co. dering January 2010: 1- The company start business by: furniture of S10,000, Cash $2000, bank $3000 frum Capital. 2- Purchased goods for 9005 less 5% "cash discount" and paid the amount cash 3- Heary draw for his personal use: 10005 from the hank 4 purchases goods of 1,500$ from Reef co and we paid 1,000S from cash. 5- sold goods for 2,500S to Rami on credit 6-Payment cash: Rent expenses 200S, Salaries 700$, Light and water 10os, Other expenses 400$ 7- Rami paid his amount by checks 8- Purchases furniture of 700S on credit from Al wade co,

Required information [The following information applies to the questions displayed below.] Grandpa Clocks, Incorporated (GCI), is a retailer of wall, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $11,000 cash plus 4 percent sales tax. The clock had originally cost GCI $7,000. Assume GCI uses a perpetual inventory system. Saved 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities ++ Stockholders' Equity

C3.3

Webb Inc. sells $25,000 of merchandise to Jones and Sons on account, the terms were 2/10, n30. The cost of the merchandise is $12,500 Write the entry Webb would make to record this transaction. Sales $24,99