Question

Taste of Home Treats Bakery (THT) ended its first year of operations on December Requirement Prepare the journal entries in the general journal format for THT’s transactions using 31, 2015. During 2015, the following transactions occurred: appropriate account numbers. (Record debits first, then credits. Exclude f (Click the icon to view the transactions explanations from any journal entries.) THT uses the following chart of accounts: Click the icon to view the chart of accounts.) i Transactions January 10: The owners of THT invested $203,000 (the par value of the stock) and January 10 The owners of THT invested $203,000 (the par value of the stock Account Reef. January and acquired 20,300 shares of common stock. THT purchased equipment in the amount of $52,000 on credit March 15: account with the vendor. April 12 THT purchased supplies in the amount of $19,000 and paid cash. May 31 THT collected $81,000 in sales revenue for the month, all of which was paid in cash. Ignore Cost of Goods Sold. THT paid employees $19,000 in cash for wages. June 15: THT purchased supplies in the amount of $13,000 on credit July 31 account with the supplier September 30: THT paid the balance due to the equipment vendor for the purchase made on March 15 November 10: THT paid the balance due to the supplier for the purchase made on July 31 November 30: THT recorded sales revenue in the amount of $213,000, half on credit and the other half paid in cash. Ignore Cost of Goods Sold. Choose from any list or enter any number in the input fields and then click Ch December 20: The customers who owed THT for the November 30 purchases paid their balances in full with cash

 



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