Bowling Corporation had the following transactions occur during February: Bowling purchased $385,000 in inventory...
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Bowling Corporation had the following transactions occur during February: Bowling purchased $ in inventory on credit. Bowling received $ in cash from customers for subscriptions that will not begin until the following month. Bowling signed a note from Midwest Bank for $ Bowling sold all the inventory purchased in above for $ on account. Bowling paid employees $ for some of the services performed during January. Bowling purchased land for $ in cash. Bowling received $ in cash from customers paying off some of January's accounts receivable. Bowling paid dividends to stockholders in the amount of $ Bowling owes its employees $ for work performed during February but not yet paid. Bowling paid $ on its accounts payable. Bowling paid taxes in cash of $ Required: Prepare journal entries for the above transactions. Complete the Taccounts below. Numbers already under the accounts represent the prior balance in that account. Opening TAccount Balances tableRetained Earnings,Sales Revenue,Cost of Goods Sold,Salary ExpenseTax Expense,Dividends,, Prepare a trial balance for February. 
Bowling Corporation had the following transactions occur during February:
Bowling purchased $ in inventory on credit.
Bowling received $ in cash from customers for subscriptions that will not begin until the following month.
Bowling signed a note from Midwest Bank for $
Bowling sold all the inventory purchased in above for $ on account.
Bowling paid employees $ for some of the services performed during January.
Bowling purchased land for $ in cash.
Bowling received $ in cash from customers paying off some of January's accounts receivable.
Bowling paid dividends to stockholders in the amount of $
Bowling owes its employees $ for work performed during February but not yet paid.
Bowling paid $ on its accounts payable.
Bowling paid taxes in cash of $
Required:
Prepare journal entries for the above transactions.
Complete the Taccounts below. Numbers already under the accounts represent the prior balance in that account. Opening TAccount Balances
tableRetained Earnings,Sales Revenue,Cost of Goods Sold,Salary ExpenseTax Expense,Dividends,,
Prepare a trial balance for February.
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