Question

Could I get these journalized.. Thank you

Especially the one's dated: March 10 (check no 111), March 14 (invoice no 52), March 18 (invoice no 51), March 23 (check no 114)

Answer 1

Following are journal Entries as per requiremetns:

1) march 10   Morris Co A/c $9,270.8

                         Cash $ 9,270.8

       (Being cash paid to Morris for purchse against invoice no.1101)

($8,600 + 10% )* (100-2)/100 = $9,270.8

2) March 14 Delivery expenses A/c $12

                        Petty Cash $12

       ( Being delivery expenses paid against voucher no.22)

3) Cash A/c        $13,200

       Ronald Co. A/c                           $13,200

     ( Being amount received against invoice no. 51)

($12,000 * 1.10 = $13,200 ) (Amount + Tax)

4) Jones Co. A/c                $14,300

     Cash A/c                                                         $14,300

      (Being Cash Paid net of purchase return)

($17,700 - $3,400) * (100-1)% = $14,157

Thankyou..