On January Displays Incorporated had the following account balances:
tableAccount titles,Debit,CreditCash$Accounts receivable,SuppliesInventoryLandAccounts payable,,$
tableRequirementtableGeneralJournaltableGeneralLedgerTrial Balance,tableIncomeStatementBalance Sheet,Analysis
Prepare the journal entries for transactions.
Note: If no entry is required for a particular transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Purchased inventory on account for $ Record the transaction.
Note: Enter debits before credits.
tableDateAccount Title,Debit,CreditJanuary
On January Displays Incorporated had the following account balances:
tableAccount titles,Debit,CreditCash$Accounts receivable,SuppliesInventoryLandAccounts payable,,Notes payable due next yearCommon stock,,Retained earnings,$$
