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The following postclosing trial balance was drawn from the accounts of Little Grocery Supplier LGS as of December
Year
Transactions for Year
LGS acquired an additional $ cash from the issue of common stock.
LGS purchased $ of inventory on account.
LGS sold inventory that cost $ for $ Sales were made on account.
The company wrote off $ of uncollectible accounts.
On September LGS loaned $ to Eden Company The note had an percent interest rate and a oneyear term.
LGS paid $ cash for operating expenses.
The company collected $ cash from accounts receivable.
A cash payment of $ was paid on accounts payable.
The company paid a $ cash dividend to the stockholders.
Accepted credit cards for sales amounting to $ The cost of goods sold was $ The credit card company
charges a percent service charge. The cash has not been received.
Uncollectible accounts are estimated to be percent of sales on account.
Recorded the accrued interest at December Year
In your solution can you put the event numbers next to each Taccount entry? Please and thank you!
