Homework Answers
| COGS | |||||||||
| Date | Accounts credited | Cash DR | Sales dis | A/R | Sales | other A/c | DR | ||
| DR | CR | CR | CR | inventoryCR | |||||
| 1-May | li ci owners capital | 9,800 | 9,800 | ||||||
| 15-May | Notes payable | 3,000 | 3,000 | ||||||
| 18-May | E.James | 700 | 700 | ||||||
| 24-May | B.cox | 400 | 400 | 350 | |||||
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Li Company 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...
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...
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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...
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Gomez 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 purchases journal. July 1 Purchased $14,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $320 to C. Paul for $430 cash. 8 Purchased $420 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $14,500 cash for the merchandise purchased on July 1. 21 Purchased...
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Gomez 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 purchases journal. July 1 Purchased $14,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $320 to C. Paul for $430 cash. 8 Purchased $420 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $14,500 cash for the merchandise purchased on July 1. 21 Purchased...
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal....
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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...
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...
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...
Ali Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November Nov. 3 The company purchased $3,300 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $871 on credit to ). Than for $957, subject to a $19 sales discount if paid by the end of the month. 9 The company borrowed $2,825 cash by...
Gomez 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 purchases journal. July 1 Purchased $14,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $320 to C. Paul for $430 cash. 8 Purchased $420 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $14,500 cash for the merchandise purchased on July 1. 21 Purchased...
Gomez 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 purchases journal. July 1 Purchased $14,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $320 to C. Paul for $430 cash. 8 Purchased $420 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $14,500 cash for the merchandise purchased on July 1. 21 Purchased...
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....
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