The Urban Florist is a wholesale shop that sells flowers, plants, and plant supplies. Transactions involving sales
Question:
The Urban Florist is a wholesale shop that sells flowers, plants, and plant supplies. Transactions involving sales and cash receipts for the firm during May 20X1 follow. The firm sells its merchandise for cash and on open account. During May, The Urban Florist engaged in the following transactions:
INSTRUCTIONS
Record the transactions in a general journal. Use 12 as the page number.
Analyze:
What was the amount of the cash discount taken by Annie’s Flowers on May 10?
Transcribed Image Text:
DATE 20X1 May 1 4 TRANSACTIONS Sold floral arrangements for $450 to Annie's Flowers; issued Invoice 9312 with terms of 2/10, n/30. Received a check for $1,176 from Orange County Florist in payment of Invoice 9299 of April 25 ($1,200), less cash discount ($24).
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Here is the general journal for The Urban Florist for the month of May 20X1 using page number 12 DATE ACCOUNTS DEBIT CREDIT May 1 Accounts Receivable ...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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