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Question 2 [20 points) Prepare journal entries for November, 2014 to record the following transactions for Oppong Corporation Assume a perpetual inventory system Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format dd/mmm (ie, January 15 would be 15/Jan) a November 1: Oppong Corporation purchased merchandise from Holden Corp. for $9,100 under credit terms of 2/10, 1/60, FOB destination 6. November 6: Oppong Corporation purchased equipment by paying 56,400 c. November 22: Oppong Corporation purchased merchandise from Bentley Inc. for $5,500 under credit terms of 2/15, 160, FOB destination d. November 25 Paid Holden Corp. the amount duo from the November 1 purchase 6. November 28. Received a credit memorandum in the amount of $2,300 acknowledging the return of merchandise purchased from Bentley Inc on November 22 1. November 30. Paid Bentley Inc. the amount due from the November 22 purchase Please use the 't' and button to change the number of accounts of necessary) for each journal entry. General Journal Pago GB Date Account Explanation F Debit Credit + Choose an Account or Heading categories: Accounts and Headings: Accounts Payable, Bentley Inc. ssets Accounts Payable, Holden Corp. Liabilities Accounts Payable, Vision Consulting Inc. Equity Accounts Receivable Equity Accumulated Depreciation, Automobiles Revenues Accumulated Depreciation, Boats Expenses Accumulated Depreciation, Building Other Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Accumulated Depreciation, Land Improvements Accumulated Depreciation Machinery Accumulated Depreciation, Office Equipment Accumulated Depreciation, Office Fixtures Accumulated Depreciation, Office Furniture Accumulated Depreciation, Store Equipment Accumulated Depreciation, Store Fixtures Accumulated Depreciation, Store Furniture Accumulated Depreciation Trucks Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Accumulated Depreciation, Trucks Assets Advertising Expense Liabilities Advertising Payable Equity Automobiles Equity Boats Revenues Bonds Payable Expenses Building Other Cash Commissions Earned Consulting Revenue Earned Copyright Cost Of Goods Sold Delivery Expense Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense Furniture Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Depreciation Expense, Furniture Assets Depreciation Expense, Land Improvements. Liabilities Depreciation Expense, Machinery Equity Depreciation Expense, Office Equipment Equity Depreciation Expense, Office Fixtures Revenues Depreciation Expense, Office Furniture Expenses Depreciation Expense, Store Equipment Other Depreciation Expense, Store Fixtures Depreciation Expense, Store Furniture Depreciation Expense, Trucks Depreciation expense Dividends Equipment Furniture Income Summary Income Taxes Expense Income Taxes Payable Unsurance Expense Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: II Insurance Expense ssets Interest Earned Liabilities Interest Expense quity Interest Payable Equity Interest Receivable Revenues Investment in Bonds Expenses Land Other Land Improvements Long-Term Notes Payable Long-term Investment in Shares Machinery Merchandise Inventory Mortgage Payable Notes Receivable Office Equipment Office Fixtures Office Furniture fios Colarice Cynanca Search: Erase Cancel Choose an Account or Heading tegories: Accounts and Headings: Office Salaries Expense -sets Office Supplies Expense abilities Patents quity Prepaid Advertising Equity Prepaid Insurance Revenues Prepaid Interest Expenses Prepaid Rent Other Property Taxes Expense Property Taxes Payable Rent Earned Rent Expense Rent Payable Rent Receivable Rent expense, office space Rent expense, selling space Retained Earnings Salaries Expense Salaries Pavable Search: & Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: . (Sales ssets Sales Discounts abilities Sales Returns and Allowances quity Sales Salaries Expense Equity Share Capital Revenues Short-Term Notes Payable Expenses Store Equipment Other Store Fixtures Store Furniture Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel

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