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erastova [34]
3 years ago
6

Information related to Kerber Co. is presented below.

Business
1 answer:
insens350 [35]3 years ago
5 0

Answer:

Date        Account Titles and Explanation        Debit       Credit

April 5     Inventory                                            $36,000

                     Accounts Payable                                          $36,000

April 6     Inventory                                            $920

                     Cash                                                                $920

April 7      Equipment                                         $30,500

                     Accounts Payable                                           $30,500

April 8     Accounts Payable                              $4,200

                     Inventory                                                         $4,200

April 15    Accounts Payable                              $31,800

               ($36,000-$4200)

                     Inventory                                                         $954

                    ($31,800*3%)

                    Cash                                                                 $30,846

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