Journal entry: September transactions: Ale name: Dr Cr Transaction effect on calculation of: Cash Accrual...
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Accounting
Journal entry: September transactions: Ale name: Dr Cr Transaction effect on calculation of: Cash Accrual Profit Profit** 600 inflow 600 Cr Cash sales of $600 600 Dr Cash Cr Sales 600 Credit sales of $1 780 Received $1 233 cash, relating to August credit sales Paid suppliers $670 for inventory purchased on credit in August. Purchased $590 of inventory on credit from suppliers The Sept COGS was $700. Depreciation expense for Sept was $34. Various Sept cash expenses of $100 (no accrual in previous month) Accrued $8 of electricity for Sept Electricity of S7, accrued for in August, was paid An item of PPE was sold for S80 cash; the PPE had an original cost of $1 500 and an AD balance of SI 408. Total profit
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