Answer and Explanation:
According to the scenario, journal entry of the given data are as follow:-
Journal Entry
On Jan 1
Cash A/c Dr. $2,600
To Sales revenue A/c $2600
(Being the sales is recorded)
Cost of goods sold A/c Dr. $1,100
To Merchandise Inventory A/c $1,100
(Being the cost of goods sold is recorded)
On Jan 2
Equipment A/c Dr. $4,600
To Accounts payable A/c $4,600
(Being the purchase of equipment on account is recorded)
On Jan 4
Advertisement expenses A/c Dr. $200
To Accounts payable A/c $200
(Being the advertising expense is recorded)
On Jan 8
Accounts receivable A/c Dr. $4,800
To Sales revenue A/c $4,800
(Being the sales is recorded)
Cost of goods sold A/c Dr. $2,600
To Merchandise Inventory A/c $2,600
(Being the cost of goods sold)
On Jan 10
Merchandise Inventory A/c Dr. $9,400
To Accounts payable A/c $9,400
(Being the purchase of merchandise on account)
On Jan 13
Equipment A/c Dr. $800
To cash A/c $800
(Being purchase of equipment is recorded)
On Jan 16
Accounts payable A/c Dr. $4,600
To Cash A/c $4,600
(Being the cash paid is recorded)
On Jan 18
Cash A/c Dr. $3,800
To Accounts receivable A/c $3,800
(Being the cash received is recorded)
On Jan 20
Rent expense A/c Dr. $800
To cash A/c $800
(Being the rent expense is recorded)
On Jan 30
Salaries and wages expense A/c Dr. $2,800
To cash A/c $2,800
(Being the salaries and wages expense is recorded)
On Jan 31
Dividends A/c Dr. $1,000
To cash A/c $1,000
(Being the cash dividend is paid)