During September, the following summary transactions were completed. Sept. 8 Pai

Question

During September, the following summary transactions were completed. Sept. 8 Paid $1,356 for salaries due employees, of which $886 is for September. 10 Received $1,197 cash from customers on account. 12 Received $3,430 cash for services performed in September. 15 Purchased store equipment on account $2,982. 17 Purchased supplies on account $1,195. 20 Paid creditors $4,518 on account. 22 Paid September rent $513. 25 Paid salaries $1,032. 27 Performed services on account and billed customers for services provided $1,902. 29 Received $662 from customers for future service. Journalize the September transactions.

Explanation / Answer

PLEASE RATE ME AND AWARD ME KARMA POINTS IF IT IS HELPFUL FOR YOU Sept 6 Debit Inventory 2,160 Credit Cash 2,160 Sept 9 Debit Inventory 90 Credit Cash 90 Sept 10 Debit Cash 95 Credit Inventory 95 Sept 12 Debit Accounts Receivable 1,258 Credit Sales 1,258 Debit Cost of Goods Sold 850 Credit Inventory 850 Sept 14 Debit Sales Returns and Allowances 37 Credit Accounts Receivable 37 Debit Inventory 25 Credit Cost of Goods Sold 25 Sept 20 Debit Accounts Receivable 1,184 Credit Sales 1,184 Debit Cost of Goods Sold 800 Credit Inventory 800

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