Ask Experts Questions for FREE Help !
Ask
    peteyflavor's Avatar
    peteyflavor Posts: 4, Reputation: 1
    New Member
     
    #1

    Jan 19, 2011, 05:05 PM
    I need help with accounting journal entries
    How would you record journal entries for the following:
    1. sold shoes on account to judy for $6,000. Cost of the shoes sold is $4,400
    2. paid salaries to employees for the first month, $2000
    3. sold shoes to a chemical factory for $66,000 cash. Cost of the shoes sold is $38,500.
    4. some shoes were returned by the chemical factory. The selling price and cost of the returned shoes is $6000 and $3500 respectively
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
     
    #2

    Jan 19, 2011, 06:47 PM

    I'm sorry but we don't just give out answers here. If you'd like to try the entries, we will check them for you. If you have a specific question, we will help you. Thanks.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting journal entries [ 18 Answers ]

I just have a few transactions that I want to make sure I have made the correct journal entries to: 1. Invested $20,000 cash in the business. 2. Purchased used truck for $7,800, paying $3,000 cash and the balance on account. 3. Purchased cleaning supplies for $1,500 on account. 4....

How to do journal entries in accounting [ 1 Answers ]

I have a balance of $450 debit-prepaid insurance. The insurance policy is dated December 1; the monthly insurance cost is $50. I have a balance of $20,000-cameras. The cameras were purchased January 1, 2007. The estimated life is five years. The balance of unearned revenue before adjusting...

Accounting: journal entries [ 3 Answers ]

Journalise adjusting entries for closing stock 8400... ps opening stock was 9700 How is that done ?

Accounting journal entries [ 1 Answers ]

How to make a journal entry for an error


View more questions Search