Accountant need help?

Question

can you guy check for me please tell me What year end AJE should have been made and (debit and credit)

1) Cash Sales $6,000; Credit Sales $4,000

2) Collected $2,000 of Accounts Receivable

3) Purchased $1,000 of inventory on account

4) Paid $3,000 Accounts Payable

5) Incurred cash expenses as follows:

a) Wages, $3,000

b) Other, $2,000

6) Paid $2,000 for January & February rent

Other Information:

a) Truck purchased on 7-1-05, EUL 3 years, SV = 1,000

b) Wages earned by employees but not paid as of Dec. 31, 2006, was $1,000

c) Inventory on hand at 12-31-06 = $3,000

d) Estimated portion of accounts receivable deemed to be uncollectible at

12-31-06= $600.

Answer 1

1) Cash Sales $6,000; Credit Sales $4,000

Dr  Cash $6,000

Dr  AR $4,000

Cr  Sales $10,000

2) Collected $2,000 of Accounts Receivable

Dr  Cash $2,000

Cr  AR $2,000

3) Purchased $1,000 of inventory on account

Dr  Merchandize inventory $1,000

Cr  AP $1,000

(if perpetual inventory system used)

Dr  Purchases $1,000

Cr  AP $1,000

(if periodic inventory system used)

4) Paid $3,000 Accounts Payable

Dr  AP $3,000

Cr  Cash $3,000

5) Incurred cash expenses as follows:

a) Wages, $3,000

b) Other, $2,000

Dr  Wages expense $3,000

Dr  General expenses $2,000

Cr  Cash $5,000

6) Paid $2,000 for January & February 07 rent

Dr  Prepaid rent $2,000

Cr  Cash $2,000

Other Information:

a) Truck purchased on 7-1-05, EUL 3 years, SV = 1,000

What is the cost of the truck?

b) Wages earned by employees but not paid as of Dec. 31, 2006, was $1,000

Dr  Wages expense $1,000

Cr  Wages payable $1,000

c) Inventory on hand at 12-31-06 = $3,000

Dr  Ending inventory $3,000

Cr  Purchases $3,000

(assuming periodic inventory system)

d) Estimated portion of accounts receivable deemed to be uncollectible at 12-31-06= $600

Dr  Uncollectible accounts expense $600

Cr  Allowance for uncollectible expense $600