Question

i am having trouble with the paid entire amount due to the strong company

ctmeducation.com Maps Wwyceam Myly vy Tech hapter 2 Required information The following information applies to the questions displayed below.) The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020 Credits Account Title Accounts receivable Inventory Debits 5,40a 2,400 5,400 11,400 3,90 3,400 9,000 8,30 Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 24,600 24.680 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $3,900. The cost of the merchandise was $2,400. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,900 from the Strong Company. 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that Whitlow pla the paper on January 2. 8 Sold merchandise on account for $5,400. The cost of the merchandise was $3,200. 1e Purchased merchandise on account for $9.70e. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the Strong Company. 18 Received $4,800 from customers on account. 20 Paid $900 to the owner of the building for January's rent. 30 Paid employees $3,400 for salaries for the month of January. < Prey 8 9 10 of 12 !!! Next earch

Answer 1

On 2nd Jan Company purchased Equipment worth of 5,900 on accounts from Strong Company

Equipment 5,900

Accounts Payable 5,900

On 16th Jan Company Paid Full amount for that Accounts payable to the Strong Company in cash

Accounts Payable 5900

Cash 5900

Note: Here Entire Amount means only for the transaction of the Strong Company on 2nd Jan , you need not worry about Accounts Payable in Trail balance since that is already recorded.