How would a business record a sale of services on account in QuickBooks?
Answer to relevant QuestionsExplain the three basic components of an accounting information system. Jan. 5 Issued check no. 430 to purchase equipment for cash, $2,200. 7 Purchased merchandise inventory for cash, $400, issuing check no. 431. 18 Paid King Co. amount owed, $1,025, less $60 discount. Issued check no. 432. 28 ...The cash receipts journal of Silver Plastics follows. Silver s general ledger includes the following selected accounts, along with their account numbers: Indicate whether each posting reference (a) through (k) should be ...Oxford Computer Security uses the perpetual inventory system and makes all credit Trial balance, total debits $51,000 sales on terms of 2/10, n/30. Oxford completed the following transactions during May: May 2 Issued invoice ...Jul. 5 Sold merchandise inventory for cash, $2,200. Cost of goods, $2,100. 12 Collected interest revenue of $2,350. 18 Received cash from Henry Nord, $1,100, on account. There was no discount. 29 Received $5,400 from Morgan ...
Post your question