Question

Please help with the following:

eBook Show Me How Calculator Print Item Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in the following customer account: NAME Mobility Products Inc. ADDRESS 46 W. Main St. Date Item | Post. Ref. Debit Credit Balance 557 662 526 136 Aug. 1 Balance Aug. 10 Invoice No. 61 R36 105 Aug. 17 Invoice No. 64 CR23 Select the choice that describes each transaction and the source of each posting. Date Action Invoice No. Posted From Aug. 10 Provided services on account Journal page Aug. 17

eBook Show Me How Calculator Print Item Purchases Journal The following purchase transactions occurred during August for Rehoboth, Inc.: Aug.4 Purchased cleaning supplies for $69, on account from General Supplies. 19 Purchased office equipment for $3,780, on account from Office Warehouse. 23 Purchased cleaning supplies for $205, on account from Rubble Supplies Record these transactions (in chronological order) in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Cleaning Supplies Dr. Other Accounts Dr. Post. Ret Aug. 4 Aug. 19 Aug. 23

V OLO e ntsession Locatoreassignment-takeinprog... eBook Show Me How Calculator E Print Item chase transactions occurred during August for Rehoboth, Inc.: ased cleaning supplies for $69, on account from General Supplies used office equipment for $3,780, on account from Office Warehouse. ased cleaning supplies for $205, on account from Rubble Supplies. sactions in chronological order) in the following purchases journal. If an amount box does not require an entry, leave it blank. mired, select "No entry required". PURCHASES JOURNAL count Credited Post. Ref. Accounts Payable Cr. Cleaning Supplies Dr. Other Accounts Dr. Post. Ref. Amount

eBook Show Me How Calculator Print Item Accounts Payable Subsidiary Ledger The debits and credits from two transactions are presented in the following creditor's (supplier's) account: NAME Hellman Services Inc. 2199 Commerce Place ADDRESS Date Item Post Ref Debit Credit Nov. 1 Balance Nov. 11 Invoice No. 672 P149 244 Nov. 22 Invoice No. 682 CP45 Select the choice that describes each transaction and the source of each posting. Date Action Invoice No. Posted From Nov. 11 Journal Page Nov. 22

Answer 1

Requirement 1:

On August 10^th the Company “provided $105 services on account” to M Products Inc and issued invoice no. 61. The amount is posted from journal page 36 of Revenue Journal.   

On August 17^th the Company collected cash amounting to $136 from M Products Inc. related to invoice no 64. The amount is posted from journal page 23 of Cash Receipt Journal.    

Requirement 2: Record the transaction in purchases journal as follows

Purchase Journal
Date	Account Credited	Post. Ref.	Accounts Payable Cr.	Cleaning Supplies Dr.	Other Accounts Dr.	Post. Ref	Amount
Aug. 4	GS Inc		$69	$69
Aug. 19	OW Inc		$3,780		Office Equipment		$3,780
Aug. 23	RS Inc		$205	$205

Requirement 3:

On November 11^th the Company “purchased on account $244 of inventory” from HS Inc. The invoice number is 672. The amount is posted from journal page 149 of Purchases Journal     

On November 22^nd the Company “paid $130 to HS Inc on account”. The related invoice number is 682. The amount is posted from journal page 45 of Cash Payments Journal.