Question

Excercise 3-1,3-2,3-8

On June 1, Campbell Corpua in the amount of $50,000. Using the formats sho to record this transaction in a general journal and pos accounts. The entry will be recorded on page 7 of the general journal. Use what numbers you like in the general ledger. Assume that none of the accounts to be debited ost it to the appiupiaie geheral whatever a If at a later date, you wanted to review this transaction, would you examine ledger or the general journal? Explain your answer ited currently contain a balance the PROBLEMS Problem 3-1 Events to Be Recorded in Accounts The following events take place at Dillon's Delivery Service: 1. Supplies are ordered from vendors who will deliver the supplies within the week. 2. Vendors deliver supplies on account, L01 payment due in 30 days.

Answer 1

As per policy, only one question is allowed to answer at a time, so solving Problem 3-1 here:

Problem 3-1)
Events	Whether Internal(I) or External(E)	Two Accounts affecting
1	E (no transaction)
2	I	Debit Supplies and Credit Accounts Payable
3	I	Debit Accounts Receivables and Credit Sales Revenues
4	E (no transaction)
5	I	Debit Cash and Credit Accounts Receivables
6	I	Debit Bank and Credit Cash
7	I	Debit Salaries and Wages Expense and Credit Cash
8	I	Debit Accounts Payable and Credit Cash