i need help to answer this
SPECIAL JOURNALS and SUBSIDIARY LEDGERS:
For each of the following transactions, indicate WHICH Journal and WHICH special Ledger if any (Acct Rec. or Acct Pay) should be used to record the transaction:
a) Issued check #421 for payment of salaries .
b) Sold Merchandise for CASH , $50,000.
c) Purchase supplies on account $4,500.
d) Corrected a prior journal entry re payroll
e) Received payment from a customer.
f) Paid a creditors bill re supplies purchased last month.
g) Purchased Inventory for cash.
h) Returned defective merchandise to the creditor
i) A customer returned merchandise to us. The sale was made last month.
j) Received a bill from American Express for Travel.
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Accounting
SPECIAL JOURNALS and SUBSIDIARY LEDGERS: For each of the following transactions, indicate WHICH Journal and WHICH special Ledger if any (Acct Rec. or Acct Pay) should be used to record the transaction:a) Issued check #421 for payment of salaries .b) Sold Merchandise for CASH , $50,000. c) Purchase supplies on account $4,500. d) Corrected a prior journal entry re payroll e) Received payment from a customer. f) Paid a creditors bill re supplies purchased last month. g) Purchased Inventory for...
Introduction to Accounting Problem #3) Special Journals The alex Company books and records consist of the...
Introduction to Accounting Problem #3) Special Journals The alex Company books and records consist of the following Journals: a sales Journal (S), a Purchases Journal (P), a Cash Receipts journal (CR), a Cash Payments journal (CP), and a General Journal (J). They also have a General Ledger and two subsidiary ledgers: - Accounts Receivable Subsidary Ledger and - Accounts Payable Subsidary Ledger. REQUIRED: 1) Indicate in which journal each of the following transactions would be recorded; and 2) Indicate which...
Any help would be appreciated! All required for answer is there. These transactions need to be journalized in the following accounts: Cash, Accounts Receivable, Inventory, Store Supplies, Offi...
Any help would be appreciated! All required for answer is
there.
These transactions need to be journalized in the following
accounts: Cash, Accounts Receivable, Inventory, Store Supplies,
Office Supplies, Office Equipment, Notes Payable, Accounts Payable,
F. Stone, Capital, Sales, Sales Discounts, Costs of Goods Sold, and
Sales Salaries Expense.
- Also need the following accounts receivable ledger accounts:
Carl Cole, Dale Dent, and Gary Glen.
- Open the following accounts payable ledger accounts: Able
Company, Best Company, More Company, and...
Hi I need help with my homework I am confused with it please help me. Thank...
Hi
I need help with my homework I am confused with it please help me.
Thank you!
5-4A Purchases PR general ledgers AquaFresh Water Testing Service was established on April 16. Aqua equipment and field and cash payments journals; accounts payable s subsidiary and oBJ.2 supplies (chemicals and other supplies) to taminan payments during the remainder of April are as follows ts in streams, lakes, and ponds. Transactions related analyze water for unsafe to purchases and cash Apr. 16. Issued...
Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 (The foll...
Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 (The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. a ) 1 Purchased $38,000 of merchandise from Van Industries, invoice dated March 1, terms 1/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,200 (cost is $7,600). 3 (a)...
Requirements 1, 2, 3. Sparkling LakeSparkling Lake Golf Shop records purchase returns in the general journal....
Requirements 1, 2, 3.
Sparkling LakeSparkling Lake
Golf Shop records purchase returns in the general journal. Use
the appropriate journal to record the transactions in a purchases
journal, a cash payments journal (omit the Check No. column), and
a general journal. The company uses a perpetual inventory system.
Total each column of the special journals. Show that total debits
equal total credits in each special journal. Show how postings
would be made from the journals by writing the account numbers...
The log o o muestions cold blow Church Company complete these transactions and events dumg March...
The log o o muestions cold blow Church Company complete these transactions and events dumg March of the current years for all its cre a re 20 SO M Purchased $40,000 of merchandise from Vanities, las 2/5.30 2 Sold merchandise on credo Min Chemice No. 854. for $15.000 .000 3 Purchased $1200 of office s on credit from Gobal Company, Dorm 3 Sold merchand on credit in Linde Wer e No 55. for $8.000 14.000 6 Borrowed $72.000 cash from...
Question updated please need help in this question Grassley Company completes these transactions during August of...
Question updated please need help in this question
Grassley Company completes these transactions during August of the current year (terms for all its credit sales are 2/10, n/30). Aug. 1 Purchased $7,058 of office equipment on credit from Brun Supply, invoice dated August 1, terms n/10 EOM. 2 Borrowed $96,500 cash from Wisconsin Bank by signing a long-term note payable. 4 Purchased $33,500 of merchandise from BLR Industries, invoice dated August 3, terms 2/10, n/30. 5 Purchased $1,040 of store...
I only need help with the cash receipts journal. Thanks Gilder Company's chart of accounts includes...
I only need help with the cash receipts journal. Thanks
Gilder Company's chart of accounts includes the following selected accounts. 101 Cash 112 Accounts Receivable 120 Merchandise Inventory 301 O. Grider, Capital 401 Sales 414 Sales Discounts 505 Cost of Goods Sold On April 1 the accounts receivable subsidiary ledger of Grider Company showed the following balances: Ogden $1,550 Chelsea $1,200 Eggleston Co. $2,900 Baez $1,800 A/R $. (control account in general ledger) The April transactions involving the receipt of...
accounting 1
[The following information applies to the questions displayed below.] Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar.1Purchased $43,600 of merchandise from Van Industries, terms 2/15, n/30.2Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,800 (cost is $8,400).3(a)Purchased $1,230 of office supplies on credit from Gabel Company, terms n/30.3(b)Sold merchandise on credit to Linda Witt, Invoice No. 855, for $10,200 (cost is $5,800).6Borrowed $82,000 cash...
Any help would be appreciated! All required for answer is
there.
These transactions need to be journalized in the following
accounts: Cash, Accounts Receivable, Inventory, Store Supplies,
Office Supplies, Office Equipment, Notes Payable, Accounts Payable,
F. Stone, Capital, Sales, Sales Discounts, Costs of Goods Sold, and
Sales Salaries Expense.
- Also need the following accounts receivable ledger accounts:
Carl Cole, Dale Dent, and Gary Glen.
- Open the following accounts payable ledger accounts: Able
Company, Best Company, More Company, and...
Hi
I need help with my homework I am confused with it please help me.
Thank you!
5-4A Purchases PR general ledgers AquaFresh Water Testing Service was established on April 16. Aqua equipment and field and cash payments journals; accounts payable s subsidiary and oBJ.2 supplies (chemicals and other supplies) to taminan payments during the remainder of April are as follows ts in streams, lakes, and ponds. Transactions related analyze water for unsafe to purchases and cash Apr. 16. Issued...
Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 (The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. a ) 1 Purchased $38,000 of merchandise from Van Industries, invoice dated March 1, terms 1/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,200 (cost is $7,600). 3 (a)...
Requirements 1, 2, 3.
Sparkling LakeSparkling Lake
Golf Shop records purchase returns in the general journal. Use
the appropriate journal to record the transactions in a purchases
journal, a cash payments journal (omit the Check No. column), and
a general journal. The company uses a perpetual inventory system.
Total each column of the special journals. Show that total debits
equal total credits in each special journal. Show how postings
would be made from the journals by writing the account numbers...
The log o o muestions cold blow Church Company complete these transactions and events dumg March of the current years for all its cre a re 20 SO M Purchased $40,000 of merchandise from Vanities, las 2/5.30 2 Sold merchandise on credo Min Chemice No. 854. for $15.000 .000 3 Purchased $1200 of office s on credit from Gobal Company, Dorm 3 Sold merchand on credit in Linde Wer e No 55. for $8.000 14.000 6 Borrowed $72.000 cash from...
Question updated please need help in this question
Grassley Company completes these transactions during August of the current year (terms for all its credit sales are 2/10, n/30). Aug. 1 Purchased $7,058 of office equipment on credit from Brun Supply, invoice dated August 1, terms n/10 EOM. 2 Borrowed $96,500 cash from Wisconsin Bank by signing a long-term note payable. 4 Purchased $33,500 of merchandise from BLR Industries, invoice dated August 3, terms 2/10, n/30. 5 Purchased $1,040 of store...
I only need help with the cash receipts journal. Thanks
Gilder Company's chart of accounts includes the following selected accounts. 101 Cash 112 Accounts Receivable 120 Merchandise Inventory 301 O. Grider, Capital 401 Sales 414 Sales Discounts 505 Cost of Goods Sold On April 1 the accounts receivable subsidiary ledger of Grider Company showed the following balances: Ogden $1,550 Chelsea $1,200 Eggleston Co. $2,900 Baez $1,800 A/R $. (control account in general ledger) The April transactions involving the receipt of...
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