Journalize the following transactions: a. Issued credit memo No. 2 to Rose, $50. b. Cash sales, $210
Question:
Transcribed Image Text:
a. Issued credit memo No. 2 to Rose, $50. b. Cash sales, $210 c. Received cheque from Tran Co., $90, less 3% discount. d. Bought merchandise on account from Mel Co., $50, 1/10, n/30, invoice No. 20. e. Cash purchase, $25 f. Issued debit memo to Mel Co., $15 for merchandise returned from invoice No. 20
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
GENERAL JOURNAL PURCHASES JOURNAL CASH PAYMENTS JOURNAL CASH ...View the full answer
Answered By
Leah Muchiri
I am graduate in Bachelor of Actuarial Science and a certified accountant. I am also a prolific writer with six years experience in academic writing. My working principle are being timely and delivering 100% plagiarized free work. I usually present a precised solution to every work am assigned to do. Most of my student earn A++ GRADE using my precised and correct solutions.
4.90+
52+ Reviews
125+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
Journalize the following transactions for Orange Company of Surrey. 2012 Purchased a machine for $89,500 along with an additional charge for freight and assembly of $1,50 Purchased land at a cost of...
-
Journalize the following transactions for the Robe Company of Yorktown and below each entry show all calculations: 2014 Jan. Sold a truck for $1,250 that cost $6,750 and had accumu- lated...
-
Journalize the following transactions for the Robe Company of Yorktown and below each entry show all calculations: 2014 Jan. Sold a truck for $3,600 that cost $12,800 and had accumu- lated...
-
A mail-order firm processes 5,300 checks per month. Of these, 60 percent are for $55 and 40 percent are for $80. The $55 checks are delayed two days on average; the $80 checks are delayed three days...
-
According to the National Automobile Dealers Association, the mean price for used cars is $10,192. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). A loan on which you pay a fixed amount of money for a set number of payments is called a fixed __________ loan.
-
What are the various types of refrigerant?
-
Investor A buys 100 shares of SLM Inc. at $35 a share and holds the stock for a year. Investor B buys 100 shares on margin. The margin requirement is 60 percent, and the interest rate on borrowed...
-
Discuss the role of process simulation in the design and evaluation of sustainable processes. How can Life Cycle Assessment (LCA) and simulation be combined to optimize environmental impacts and...
-
The adjusted trial balance for Speedy Courier as of December 31, 2013, follows. Required 1. Use the information in the adjusted trial balance to prepare (a) The income statement for the year ended...
-
From the following, prepare a schedule of accounts payable for AVE Co. for May 31, 2012: Accounts Payable Subsidiary Ledger General Ledger Bloss Co. Accounts Payable 5/25 CP 10 5/19 P 50 5/31 CP 10...
-
From the following, prepare a schedule of accounts payable for AVE Co. for May 31, 2012: Accounts Payable Subsidiary Ledger General Ledger Accounts Payable ones Co. 5/25 GJ 20 5/19 G 60 5/31 GJ 10...
-
In Problem 10, assume the cost factors given have not changed. A marketing representative of NEW-SPEC, a firm that specializes in providing manual inspection processes for other firms, approached...
-
4. True or False: Services lack the characteristics that make products relatively easy to evaluate. O False True
-
5. True or False: The variability of services makes mass producing them difficult. True False 6. True or False: The 7 P's of the services marketing mix includes "Product," which does not apply to...
-
Company C recently issued bonds which have a YTM of 12% and a report from management associated a risk premium of 4% with the company's equity. What is the company's cost of equity? Estimate its...
-
Two carts have velocities v and v , ?respectively. At t = 0 ?the distance between the two carts was zero. A passenger in cart A wants to throw a ball to cart B . ?The ball's initial speed with...
-
Accounting: type question:, Debit is equal to credit - A . Sometimes true in accounting B . Sometimes false in accounting C . Always true in accounting D . True in special conditions
-
Find any intercepts and test for symmetry. Then sketch the graph of the equation. y ]- x = 9
-
Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...
-
From the trial balance in Figure and additional data, complete the worksheet for Seans Wholesale Clothing Company. Additional Data a/b. Ending merchandise inventory on December 31, $5,900. c....
-
The first six months of the year have concluded for Sanchez Computer Center, and Tony wants to make the necessary adjustments to his accounts to prepare accurate financial statements. Assignment To...
-
The first six months of the year have concluded for Sanchez Computer Center, and Tony wants to make the necessary adjustments to his accounts to prepare accurate financial statements. Assignment To...
-
You have a business worth $1,000,000 and other assets (including your home) worth an additional $750,000. What is the recommended automobile insurance policy that you should carry to be FULLY...
-
Republic Services and Waste Management company Compare the companies' long term Revenue, Gross Profit, Operating Profit) and Net Income and related growth trends. What is the average three year...
-
A young couple own a home in NJ. They would like to have Homeowner Insurance coverage for their home in NJ, in case of frozen plumping and damage form heavy snow or power surges. Which Homeowner's...
Study smarter with the SolutionInn App