Which Special Journal would the following transaction be journalized in? Purchased merchandise on account from Vendor...
Which Special Journal would the following transaction be journalized in?
Purchased merchandise on account from Vendor Company terms n/30 with a cost of $4,000.00.
Choose the best answer below:
Multiple Choice
-
Sales Journal
-
Cash Receipts Journal
-
Cash Payments/Cash Disbursement Journal
-
Purchases Journal
-
Genera Journal
Homework Answers
Purchases journal
All credit purchases made by the company are recorded in purchases journal. So, option D is the answer
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Which Special Journal would the following transaction be
journalized in?
Purchased merchandise on account from Vendor...
Which Special Journal would the following transaction be journalized in? Sold merchandise on account to Customer...
Which Special Journal would the following transaction be journalized in? Sold merchandise on account to Customer Company terms 2/10, n/30 for 7,000.00 with a cost of 3,000.00. Choose the best answer below: Multiple Choice Sales Journal Purchases Journal Cash Payment Journal/Cash Disbursements Journal Cash Receipts Journal General Journal
Exercise 7-6 Company uses special journals and a general journal. The following transactions occurred during September...
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...
which of the following is not a special journal Which of the following is not a...
which of the following is not a special journal
Which of the following is not a special journal: Multiple Choice 38 Sales Journal Purchases journal. Cash receipts journal. Purchases Journal. БО О О Cash receipts Journal. Cash payments Journal. General Journal.
Exercise 7-06 a-b (Video) Ivanhoe Company uses special journals and a general journal. The following transactions...
Exercise 7-06 a-b (Video) Ivanhoe Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $755, terms n/30. The cost of the merchandise sold was $395. 10 Purchased merchandise on account from A. Pagan $565, terms 2/10, 1/30 12 Purchased office equipment on account from R. Cairo $6,900. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $750, terms 2/10,...
Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020....
Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. Sold merchandise on account to H. Drew, invoice no. 101. $730, terms 1/30. The cost of the merchandise sold was $470. 10 Purchased merchandise on account from A. Pagan $570, terms 2/10, 1/30. 12 21 Purchased office equipment on account from R. Cairo $6,200. Sold merchandise on account to G. Holliday, invoice no. 102 for $790, terms 2/10, /30. The cost of the...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May 2020 May 1 R. Ivanhoe invested $46,400 cash in the business. 2 Sold merchandise to Lawrie Co. for $5,830 cash. The cost of the merchandise sold was $4,050 3 Purchased merchandise for $7,170 from J. Moskos using check no. 101 14 Paid salary to H. Rivera $725 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $820, terms n/30....
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...
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal...
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal C) General journal D) Cash receipts journal 22. All of the column totals in the cash receipts journal are posted to general ledger accounts except the A) Accounts Receivable column total. B) Cash column total. C) Sales column total. D) Other Accounts column total. 23. The entries in a sales journal will show A) all sales of merchandise. B) the cash sales of the...
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6...
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6. What is a control account? 7. List the four special journals often used in a manual accounting information system. What types of transactions are recorded in each of the special journals? 8. Explain the posting process of the sales journal. 9. Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts...
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....
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...
which of the following is not a special journal
Which of the following is not a special journal: Multiple Choice 38 Sales Journal Purchases journal. Cash receipts journal. Purchases Journal. БО О О Cash receipts Journal. Cash payments Journal. General Journal.
Exercise 7-06 a-b (Video) Ivanhoe Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $755, terms n/30. The cost of the merchandise sold was $395. 10 Purchased merchandise on account from A. Pagan $565, terms 2/10, 1/30 12 Purchased office equipment on account from R. Cairo $6,900. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $750, terms 2/10,...
Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. Sold merchandise on account to H. Drew, invoice no. 101. $730, terms 1/30. The cost of the merchandise sold was $470. 10 Purchased merchandise on account from A. Pagan $570, terms 2/10, 1/30. 12 21 Purchased office equipment on account from R. Cairo $6,200. Sold merchandise on account to G. Holliday, invoice no. 102 for $790, terms 2/10, /30. The cost of the...
R. Ivanhoe Co. uses special journals and a general journal. The following transactions occurred during May 2020 May 1 R. Ivanhoe invested $46,400 cash in the business. 2 Sold merchandise to Lawrie Co. for $5,830 cash. The cost of the merchandise sold was $4,050 3 Purchased merchandise for $7,170 from J. Moskos using check no. 101 14 Paid salary to H. Rivera $725 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $820, terms n/30....
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...
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal C) General journal D) Cash receipts journal 22. All of the column totals in the cash receipts journal are posted to general ledger accounts except the A) Accounts Receivable column total. B) Cash column total. C) Sales column total. D) Other Accounts column total. 23. The entries in a sales journal will show A) all sales of merchandise. B) the cash sales of the...
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6. What is a control account? 7. List the four special journals often used in a manual accounting information system. What types of transactions are recorded in each of the special journals? 8. Explain the posting process of the sales journal. 9. Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts...
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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