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How to make journal entries for these. 5. SOLD WIDGETS FOR CASH IN THE...

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Accounting

How to make journal entries for these.

5. SOLD WIDGETS FOR CASH IN THE AMOUNT OF $100,000 THE COST WAS 50%.

6. AT JANUARY 31 EMPLOYEES EARNED $20,000 THAT WILL NOT BE PAID UNTIL THE FEBRUARY 1 PAYROLL

7. THE DEPRECIATON EXPENSE NEEDS TO BE RECORDED FOR THE $200,000 EQUIPMENT - ASSUME A FIVE YEAR LIFE (ONLY ONE MONTH DEPRECIATION)

ASSUME THE EQUIPMENT PURCHASE IN JANUARY WAS MADE AT MONTH END - SO NOT DEEPREIATED)

8. PAID CASH OF $350,000 TO VENDORS FOR INVENTORY PREVIOUSLY PURCHASED ON ACCOUNT

9. PURCHASED $500,000 OF INVENTORY ON ACCOUNT

10. PAID CASH OF $350,000 TO VENDORS FOR INVENTORY PREVIOUSLY PURCHASED ON ACCOUNT

11. RECORD THE PURCHASE OF EQUIPMENT FOR $500,000 BY SIGNING A NOTE (ASSUME PURCHASE JAN 31-NO DEPRECIATION OR INTEREST NECESSARY FOR THE MONTH)

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