Question

The following transactions occurred during January 2018: Jan. 1 Sold merchandise for cash, $3,300. The cost of the merchandise was $1,800. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,300 from the Strong Company. 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. 8 Sold merchandise on account for $4,800. The cost of the merchandise was $2,600. 10 Purchased merchandise on account for $9,400. 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong Company. 18 Received $3,800 from customers on account. 20 Paid $800 to the owner of the building for January’s rent. 30 Paid employees $2,800 for salaries and wages for the month of January. 31 Paid a cash dividend of $1,000 to shareholders.

Answer 1

You have not posted the requirements to the question i am posting journal entries for any query kindly comment i will edit the answer ASAP

Date	General Journal	debit	credit
Jan-01	Cash	3300
	sales revenue		3300
Jan-01	cost of goods sold	1800
	inventory		1800
Jan-02	Equipment	5300
	accounts payable		5300
Jan-04	advertising expense	150
	accounts payable		150
Jan-08	Accounts receivable	4800
	sales revenue		4800
Jan-08	cost of goods sold	2600
	inventory		2600
Jan-10	inventory	9400
	accounts payable		9400
Jan-13	equipment	800
	cash		800
Jan-16	accounts payable	5300
	cadh		5300
Jan-18	cash	3800
	accounts receivable		3800
Jan-20	rent expense	800
	cash		800
Jan-30	salaries and wages expense	2800
	cash		2800
Jan-31	dividends	1000
	cash		1000
	(you can also use retained earnings in debit side)