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Unformatted text preview: the balance. (e.) Purchased $1,800 of supplies on account. (f.) Recorded cash sales of $800 for the first week. (g.) Paid weekly wages, $320. (h.) Paid for supplies purchased in item (e). (i.) Paid royalties due on first week's sales. (j.) Recorded depreciation on equipment, $50. Required: 1.Prepare journal entries to record the above transactions. If an entry is not required, state "No Entry." 2.Post each transaction to appropriate ledger accounts (use T account format) 3.Prepare a trial balance dated May 31, 2010...
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- Spring '11