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  3. \table[[\table[[dunder mifflin, inc.],[journal ent

\table[[\table[[DUNDER MIFFLIN, INC.],[JOURNAL ENTRIES]]],[,,,],[,,,],[,,Debit,Credit],[Ex.,Cash,50,000,],[,Common Stock,,50,000],[,,,],[,To record purchase of common stock in Dunder Mifflin,,]] To...

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Accounting

\table[[\table[[DUNDER MIFFLIN, INC.],[JOURNAL ENTRIES]]],[,,,],[,,,],[,,Debit,Credit],[Ex.,Cash,50,000,],[,Common Stock,,50,000],[,,,],[,To record purchase of common stock in Dunder Mifflin,,]]
To record purchase of delivery truck
b.
To record purchase of paper inventory on account
q,
g.
Discounts Earned
To record payment for paper inventory purchased in transaction (d)
h.
\table[[,,,,],[Cost of Goods Sold,,,,],[Inventory,,,,],[Sales,,,,],[,,,,],[To record sale of paper inventory on account,,,,]]
i. Gas and Tolls
Cash
To record payment for gas and tolls
j.
\table[[,1,620,,],[,,,1,620],[To record payment from university,,,]]
k. Depreciation Expense
Accumulated Depreciation
]
To record depreciation expense
Insurance Expense
Prepaid Expense
To record insurance expense
image

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