Sol:
JOURNAL ENTRY | |||
DATE | ACCOUNTS | DEBIT | CREDIT |
ACCOUNTS RECEIVABLE - T. ELSWORTH Dr. | $ 1,500.00 | ||
Sep-02 | SALES | $ 1,500.00 | |
(SOLD MERCHANDISE TO T. ELSEWORTH ON ACCOUNT IN TERMS 2/10, n/30) | |||
ACCOUNTS RECEIVABLE - BRADY O'MALLEY Dr. | $ 1,900.00 | ||
Sep-10 | SALES | $ 1,900.00 | |
(SOLD MERCHANDISE TO BRADY O'MALLEY ON ACCOUNT IN TERMS 3/10, n/30) | |||
CASH Dr. | $ 1,470.00 | ||
Sep-11 | SALES DISCOUNT Dr. | $ 30.00 | |
ACCOUNTS RECEIVABLE - T. ELSWORTH | $ 1,500.00 | ||
(CASH RECEIVED FROM T. ELSWORTH AFTER DISCOUNT) | |||
SALES RETURNS AND ALLOWANCES Dr. | $ 1,300.00 | ||
Sep-15 | ACCOUNTS RECEIVABLE - BRADY O'MALLEY | $ 1,300.00 | |
(MERCHANDISE RETURNED FROM BRADY O'MALLEY ) | |||
CASH Dr. | $ 582.00 | ||
Sep-19 | SALES DISCOUNT Dr. | $ 18.00 | |
ACCOUNTS RECEIVABLE - BRADY O'MALLEY | $ 600.00 | ||
(CASH RECEIVED FROM BRADY O'MALLEY AFTER DISCOUNT) |
Modern Intenors reported the folowing transacions i September (Click on the icon to view the transactiops...
More Info Sep 2 10 11 15 19 Sold merchandise on account to Tyson Elsworth, $1,500, terms 2/10, n/30. Sold merchandise on account to Brady O'Malley, $1,900, terms 3/10, n/30 Collected payment from Elsworth for the September 2 sale. O'Malley returned $1,300 of the merchandise purchased on September 10. Collected payment from O'Malley for the balance of the September 10 sale. Print Done Done Modern Interiors reported the following transactions in September: (Click on the icon to view the transactions.)...
Bold Interiors reported the following transactions in December: (Click on the icon to view the transactions.) Read the requirements. Requirement 1. Record the foregoing transactions in the journal of Bold Interiors using the gross method. (You do not need to make the cost of sales journal entries, assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from any journal entries.) Dec 2:...
Question Help E5-28B (similar to) Color Interiors reported the following transactions in November: (Click on the icon to view the transactions.) Read the requirements Requirement 1. Record the foregoing transactions in the journal of Color Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from...
P5C-6A (similar to) Question Help Journalize the following transactions that occurred in September 2018 for Sea Green. Assume Sea Green uses the gross method to record sales revenue. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) A More Info (Record debits first, then credits. Exclude explanations from journal entries.) Sep. 3 Sep. 3: Purchased merchandise inventory...
Consider the following transactions for Galia Packing Supplies Click the icon to view the transactions.) Requirements 1. Joumalize the purchase transactions assuming Galia Packing Supplies uses the periodic inventory system. Explanations are not required 2. What is the amount of net purchases? Requirement 1. Joumalize the purchase transactions assuming Galia Packing Supplies uses the periodic inventory system. Explanations ae not required. (Record debits first, then credits Exclude explanations from joumal entries.) Apr. 10: Gala Packing Supplies buys $145,000 worth of...
journalize the following transactions that occurred in September
2018 for Red Hawk, assuming the perpetual inventory system is being
used. Identify each accounts payable and accounts receivable with
the vendor or customers names. Red Hawk estimates sales returns at
the end of each month.
i More Info Sep. 3 Purchased merchandise inventory on account from Simmon Wholesalers, $4,000. Terms 3/15, n/EOM, FOB shipping point. 4 Paid freight bill of $75 on September 3 purchase. 4 Purchase merchandise inventory for cash...
Exercise 7-6 Company uses special journals and a general journal. The following transactions occurred during September 2017. 2 Sold merchandise on account to H. Drew, invoice no. 101, s620, terms n/30. The cost of the merchandise sold was $420. 10 Purchased merchandise on account from A. Pagan $650, terms 2/10, n/30. 12 Purchased office equipment on account from R. Cairo $6,500. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $800, terms 2/10, n/30. The cost of...
Journalize the following transactions that occurred in September 2018 for Water Works, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Water Works estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.)Sep. 3 Purchased merchandise inventory on account...
Journalize the following transactions that occurred in September 2018 for Red Hawk, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Red Hawk estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount) (Click the icon to view the transactions.) More Info More Info Sep. ing:...
on September 12, ryan
On September 12. Ryan Company sold merchandise in the amount of $5.00 Jouson Company with credits 2 /10. 30. The cost of the items sold is $4.000 Myanuses the periode inventory System and the net method of accounting for sale on September 14. Johns return some of the non-defective merchandise which is restored to inventory. These price of the returned merchandis 500 and the cost of the merchandise returned is the entry or entries that Ryan...