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i need to jornal the transcation for the month of january account title debit si

ID: 2357748 • Letter: I

Question

i need to jornal the transcation for the month of january account title debit side and credit side/ 1/5-sold merschdise total cost 22;470 including 7 percent sale tax/ on 1/12 provide services to client who made a advance payment of 10,000 credit service revnue/ on 1/14 paid state revenue 4 sale tax collect 5000/on 1/20 sold 600 unit of new product on credit at 50 per unit plus 7 percent sale taxes//on 1/21 borrow 14,00 from pcn bank on a 3 month notes/on 1/29 sold mercdise 4 cash totaling 12,947 include 7 percent sale tax/ i need to journalize january month transcation debit side and credit side ineed to set up account title along with debit side and credit side/ i need asnwer asp asp bfore 11 am today 111/22

Explanation / Answer

1/5 Debit Credit cash 22400 Inventory 22400 1/12 Cash 10000 Unearned Revenue 10000 1/14 Cash 10000 Accrude Tax receivable 10000 1/20 cash 30000 Inventory 30000 1/20 cash 2100 Expense 2100 1/21 Cash 1400 Loan 1400 1/29 Cash 12947 Inventory 12947