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Statements with dollar amounts

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Reference no: EM13157274

The Harris TV Store had the following transactions in August:

a. Sold $60,000 of goods to customers, receiving $56,000 in cash with the rest on account.

b. The cost of the inventory sold was $36,000.

c. The store purchased $16,000 of inventory and paid for $12,000 in cash and the rest on account.

d. They paid $16,000 in wages to employees who worked in August.

e. Received a $2,000 bill for utilities for August that will not be paid until September.

f. Received rent for the adjacent store front for the months of August and September in the amount of $4,000.

Based on the information above, Complete the following statements with dollar amounts:

Reference no: EM13157274

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