Prepare the relevant journals for the dates in January 2022 and post to the general and subsidiary

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Prepare the relevant journals for the dates in January 2022 and post to the general and subsidiary ledgers for M Bowman, who uses periodic inventory.

5 Purchased inventory for $3993 ($3630 + $363 GST) from A Harris.

6 Sent tax invoice and goods totalling $9339 ($8490 + $849 GST) to A Fox.

16 Received cheque from A Fox for $9339.

20 Bank advised cheque deposited on 16 January from A Fox had been dishonoured.

25 Received funds from A Fox in full payment of tax invoice.

28 Paid A Harris for purchase on 5 January, less $198 ($180 + $18 GST) discount.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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Prepare the relevant journals for the dates in January 2022 and post to the general and subsidiary

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M Bowmans January 2022 Transactions Periodic Inventory Journal Entries Date Description Account Debi...View the full answer

Accounting An Introduction To Principles And Practice

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