buad hw 4

buad hw 4 - Esther Takahashi Section: 14770R...

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Esther Takahashi Section: 14770R (M-W-10-1150AM) Taylor's Odds' n Ends Distributors General Journal For the Month January 2008 Date Account Debit Credit 1-Jan Cash 200,000  Office Equipment 20,000  Common Stock 220,000  2 Prepaid Rent 9,000  Cash 9,000  2 Executory Contract (agreement w/ contractor installation for $18,000) 2 Factory Equipment 26,000  Furniture and Fixtures 38,000  Cash 64,000  3 Cash 100,000  Notes Payable 100,000  3 Prepaid License 2,400  Cash 2,400  4 Market Securities 80,000  Cash 80,000  5 Inventory 45,000  Accounts Payable 45,000  8 Leasehold Improvements 18,000  Cash 18,000  15 Account Receivable 24,000  Cash 18,000  Sales Revenue 42,000  15 Cost of Goods Sold 20,800  Inventory 20,800  20 Cash 15,000  Accounts Receivable 15,000  23 Accounts Payable 21,000 
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Esther Takahashi Section: 14770R (M-W-10-1150AM) Cash 21,000  Date Accounts Debit Credit 24 Inventory 40,000  Accounts Payable 40,000  26 Cash 4,000  Unearned Revenue 4,000  27 Sales Allowance 500  Accounts Receivable 500  28 Executory Contract (Contract w/ Creative ads that run next month) 29 Cash 14,000  Market Securities Asset 10,000  Gain from Selling Securities 4,000  30 Accounts Receivable 32,000  Cash 28,000  Sales Revenue 60,000  30 Cost of Goods Sold 42,000  Inventory 42,000  31 Salary Expense 11,000  Cash 11,000 
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buad hw 4 - Esther Takahashi Section: 14770R...

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