Here is the ledger for Sandhill Co..
|Oct. 1||8,940||Oct. 4||2,340|
|Oct. 10||2,920||Oct. 12||3,440|
|Oct. 10||9,940||Oct. 15||380|
|Oct. 20||830||Oct. 30||430|
|Oct. 25||3,940||Oct. 31||630|
|Oct. 6||930||Oct. 20||830|
|Oct. 4||2,340||Oct. 31||2,120|
|Oct. 12||3,440||Oct. 3||4,940|
Salaries and Wages Expense
(a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
Recording and Entries for Business Transactions in Accounting
So, this question is very innovative, as it requires you to reproduce and/or match the journal entries for the transactions that occurred on those particular 3 days of October. So, the question asks you to think about and match what the debits and the credits would be for those 3 days for certain dollar amounts of transactions which match each other from a transaction recording point of view. Or, if no entry or matching entry can be found, to indicate that situation, too.
Answer and Explanation:
- (a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20. (If no entry is required, select "No...
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from Accounting 101: Financial AccountingChapter 3 / Lesson 7