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Question 5 48 pts Fill in the blanks with the correct Account Names and Debit/Credit Amounts for the following Journal Entries: For Account Names, use the Chart of Accounts to choose the appropriate Account Name Accounts must be spelled exactly how they appear in the Chart to get credit. For Debit/Credit Amounts, use the following numeric format: 12345 (no dollar signs, no commas). If no journal entry is required, write NO for all Debit/Credit Accounts and Debit/Credit Amounts. Chart of Accounts Assets Stockholders' Equity Cash Contributed Capital Accounts Receivable Dividends Inventory Supplies Sales Prepaid Rent Cost of Goods Sold Equipment Accumulated Depreciation Liabilities Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Utilities Expense Accounts Payable Interest Payable Notes Payable Wages Payable Unearned Revenue Justin had a great idea to start a video game store in Camden, NJ. Make the appropriate journal entries for the following activities. 1. On January 1st, Justin decided to start his business. He invested $82,000 from his personal funds into the business. He decided to call the pet food store: Justin's Game Store Debit Account Name Credit Account Name Debit Amount Credit Amount $ Justin had a great idea to start a video game store in Camden, NJ. Make the appropriate journal entries for the following activities. 1. On January 1st, Justin decided to start his business. He invested $82,000 from his personal funds into the business. He decided to call the pet food store: Justin's Game Store. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 2. On January 11 Justin's Game Store took out a bank loan for $35.000 in cash. Debit Account Name Credit Account Name Debit Amount Credit Amount $ 3. On January 1st Justin's Game Store purchased a delivery truck for the store for $17.500 using cash. Debit Account Name Credit Account Name Debit Amount Credit Amount 4. On January 3rd, Justin's Game Store purchased 125 video games from a local supplier for $3,750 on account. Justin would have 45 days to pay his supplier. Debit Account Name Credit Account Name Debit Amount Credit Amount $ 5. On January 5th, Justin's Game Store sold 50 games for $3,000 to customers who paid on credit Debit Account Name Credit Account Name Debit Amount Credit Amount $ 6. The 50 games sold on January 5th had cost $1,500. Debit Account Credit Account Debit Amount Name Name $ Credit Amount $ 7. On January 7th, Justin's Game Store sold 10 pre-orders for a game that had not yet been released. Customers paid $550 upfront to Justin. Justin would deliver the games to the customers within 30 days. Debit Account Credit Account Debit Amount Credit Amount Name Name $ $ 8. On January 31st Justin paid himself $1,200 for his salary for the month Debit Account Name Credit Account Name Debit Amount Credit Amount $ 9. On January 31st, Justin recorded the first month of depreciation on the truck he purchased in (3). The truck cost $17,500. He expected it to last 12 years and have a salvage value of $220, Debit Account Credit Account Debit Amount Credit Amount Name Name $ 10. On January 31st, Justin owed the bank $95 in interest. He would not pay the bank until February 5th Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 11. On January 31st, Justin paid his supplier $2,000 in cash for the video games purchased in (4). Debit Account Name Credit Account Name Debit Amount Credit Amount $ 12. On January 31st, Justin received $3,000 in cash from the customers who had made purchases on credit in (5) Debit Account Name Credit Account Name Debit Amount Credit Amount $ Question 4 pts Using the journal entries above (in part IV). what is Justin's revenue for the month: (sales) Question 7 4 pts Using the journal entries above in part IV). what is Justin's expense for the months lexpenses

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