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Assignment takeAssignment Mando?invoker=&takeAssignmentSessionLocator-assignment-take;∈ Cost of Merchandise Sold Interest Expense Merchandise Inventory Notes Payable Prepare the July 31, 2019, dosing entries for Serbian Interiors Company in the order as presented in the chapter. For a compound transaction, if an amount box does not require an entry, leave it blank. 775,000 6,000 115,000 100,000 Selling Expenses Store Supplies Store Supplies Expense July 31 Sales 1.437.000 Administrative Expenses Cost of Merchandise Sold Interest Expense Selling Expenses Store Supplies Expense 440,000 775,000 6.000 160,000 21.500 -o--0 x Peter Bronsky, capital V July 31 Peter Bronsky, Capital- 0 x Peter Bronsky, DrawingY 15.000 Check My Work All work saved. Save

Explanation / Answer

Corrrect recording will be as follow;

July 31

Sales

1437000

     Administrative expenses

440000

     Cost of mercandise sold

775000

     Interest expense

6000

     Selling expenses

160000

     Store supplies expense

21500

     Peter Bronsky, capital

34500

July 31

Peter Bronsky, capital

15000

     Peter Bronsky, drawing

15000

Working Note;

Peter Bronsky, capital = ($1437000 - $440000 - $775000 - $6000 - $160000 - $21500) = $34500

July 31

Sales

1437000

     Administrative expenses

440000

     Cost of mercandise sold

775000

     Interest expense

6000

     Selling expenses

160000

     Store supplies expense

21500

     Peter Bronsky, capital

34500

July 31

Peter Bronsky, capital

15000

     Peter Bronsky, drawing

15000

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