Accoutning Homework Help

Jan.

1 

Sold merchandise for cash, $3,500. The cost of the merchandise was $2,000. The company uses the perpetual inventory system.

2 

Purchased equipment on account for $5,500 from the Strong Company.

4 

Received a bill of $150 from the local newspaper for an advertisement that appeared in the paper on January 2.

8 

Sold merchandise on account for $5,000. The cost of the merchandise was $2,800.

10 

Purchased merchandise on account for $9,500.

13 

Purchased equipment for cash, $800.

16 

Paid the entire amount due to the Strong Company.

18 

Received $4,000 from customers on account.

20 

Paid $800 to the owner of the building for January’s rent.

30 

Paid employees $3,000 for salaries for the month of January.

31 

Paid a cash dividend of $1,000 to shareholders.