Homework Answers
1) Cash paid for rent
Cash payments Journal
2) Closing entries
General Journal
3) Cash Sale
Cash receipt journal
4) Purchase of merchandise on account
Purchase Journal
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Use the following choices to answer questions a. Sales journal b. Cash receipts journal c. Purchase...
please answer all parts, will thumb up! Pige sofs To recognize accrued a debit to Intereste...
please answer all parts, will thumb up!
Pige sofs To recognize accrued a debit to Intereste Pevenue a debit to Interest Expen 48ting entered interest on note receivable, the toto ontry is made on December 31 Receivable and credit to Interest nerest Expanded to Cash a debit to Inserest Expense and a CT debit to Interest Payable *pense and a credit to Interest Payable. to Interest Payable and a credit to Cash vestments increase E DC Drawings has what effect...
Hel Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general...
Hel Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $11,100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $940 to G. Seles for $1,700 on credit subject to a $32 sales discount if paid by the end of the month. 14 Purchased $260 of store supplies from Chang Company on credit, terms...
Li Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general...
Li Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. May 1 c. Li, the owner, contributed $9,800 cash to the company. 7 The company purchased $5,800 of merchandise on credit from Gomez, terms n/30. 9 The company sold merchandise costing $600 on credit to E. James for $700, terms n/10. 15 The company borrowed $3,000 cash by signing a...
ABC Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general...
ABC Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $2,900 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $765 to ]. Than for $841 on credit, subject to a $17 sales discount if paid by the end of the month. 9 The company borrowed $3,450 cash by...
Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general...
Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $3,400 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $897 to J. Than for $986 on credit, subject to a $20 sales discount if paid by the end of the month. 9 The company borrowed $2,550 cash by...
h Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and...
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Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $2,400 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $633 to J. Than for $696 on credit, subject to a $14 sales discount if paid by the end of the month. 9 The company borrowed $3,275 cash...
Sale journal general journal purchase journal cash payment journal cash receipt journal Wilcox Electronics uses a...
Sale journal
general journal
purchase journal
cash payment journal
cash receipt journal
Wilcox Electronics uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each transaction should be recorded. Transaction Journal a. Borrowed cash from the bank b. Purchased shop supplies on credit c. Purchased merchandise for cash d. Sold a building (nonmerchandise) on credit Sold merchandise on credit f. Sold merchandise for cash g. Paid cash for office supplies...
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal....
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $20,100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $1,300 to G. Seles for $3,500 on credit subject to a $50 sales discount if paid by the end of the month. 14 Purchased $440 of store supplies from Chang Company on credit, terms n/30....
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general...
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash payments journal. June 3 Issued Check No. 380 to Skipp Corp. to buy office supplies for $495. 5 Purchased merchandise for $5,800 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $5,800 to Buck Co. to pay for the purchase of June 5. 23 Paid salary of $7,400...
Prepare a cash receipt journal and a general journal Sales Journal, Cash Receipts Journal, and General...
Prepare a cash receipt journal and a general journal
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The follow Mar. 1 Sold merchandise to Able & Co., $1,830, plus sales tax. Sale No. 33C ng sales, returns, and cash receipts occurred during March 20-.. There is an 8% sales tax. Beginning general ledger account e, $1058.25. Beginning customer account balances were Thompson Group, $1058.25. 3 Sold merchandise to R. J. Kalas, Inc., $2,203, plus...
please answer all parts, will thumb up!
Pige sofs To recognize accrued a debit to Intereste Pevenue a debit to Interest Expen 48ting entered interest on note receivable, the toto ontry is made on December 31 Receivable and credit to Interest nerest Expanded to Cash a debit to Inserest Expense and a CT debit to Interest Payable *pense and a credit to Interest Payable. to Interest Payable and a credit to Cash vestments increase E DC Drawings has what effect...
Hel Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $11,100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $940 to G. Seles for $1,700 on credit subject to a $32 sales discount if paid by the end of the month. 14 Purchased $260 of store supplies from Chang Company on credit, terms...
Li Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. May 1 c. Li, the owner, contributed $9,800 cash to the company. 7 The company purchased $5,800 of merchandise on credit from Gomez, terms n/30. 9 The company sold merchandise costing $600 on credit to E. James for $700, terms n/10. 15 The company borrowed $3,000 cash by signing a...
ABC Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $2,900 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $765 to ]. Than for $841 on credit, subject to a $17 sales discount if paid by the end of the month. 9 The company borrowed $3,450 cash by...
h
Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $2,400 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $633 to J. Than for $696 on credit, subject to a $14 sales discount if paid by the end of the month. 9 The company borrowed $3,275 cash...
Sale journal
general journal
purchase journal
cash payment journal
cash receipt journal
Wilcox Electronics uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each transaction should be recorded. Transaction Journal a. Borrowed cash from the bank b. Purchased shop supplies on credit c. Purchased merchandise for cash d. Sold a building (nonmerchandise) on credit Sold merchandise on credit f. Sold merchandise for cash g. Paid cash for office supplies...
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $20,100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $1,300 to G. Seles for $3,500 on credit subject to a $50 sales discount if paid by the end of the month. 14 Purchased $440 of store supplies from Chang Company on credit, terms n/30....
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash payments journal. June 3 Issued Check No. 380 to Skipp Corp. to buy office supplies for $495. 5 Purchased merchandise for $5,800 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $5,800 to Buck Co. to pay for the purchase of June 5. 23 Paid salary of $7,400...
Prepare a cash receipt journal and a general journal
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business. The follow Mar. 1 Sold merchandise to Able & Co., $1,830, plus sales tax. Sale No. 33C ng sales, returns, and cash receipts occurred during March 20-.. There is an 8% sales tax. Beginning general ledger account e, $1058.25. Beginning customer account balances were Thompson Group, $1058.25. 3 Sold merchandise to R. J. Kalas, Inc., $2,203, plus...
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