Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger
Question:
Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.
Transcribed Image Text:
Date 2019 Feb. 4 Feb. 8 Feb. 14 Feb. 16 Date 2019 Feb. 1 Feb. 5 Feb. 15 Feb. 21 Account Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) Account Cash Sales Payment from Evert Bank loan (230) Payment from Shriver Co. SALES JOURNAL Invoice No. 17433 17434 17435 17436 SALES JOURNAL Ref. 1723 Invoice No. Ref. Cash DR 1719 DR Accts. Receivable CR Sales 465 980 2,000 500 1,000.00 775.30 2,301.99 500.00 Sales Discounts DR 20 Page 79 DR COGS CR Merchandise Inventory Page 102 Accounts Receivable, Sales, or Other Accounts CR 465 1,000 2,000 500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Answered By
Stephen ouma
I have worked with different academic writing companies such as wriredom, writerbay, and Upwork. While working with these companies, I have helped thousands of students achieve their academic dreams. This is what I also intend to do here in SolutionInn
4.90+
19+ Reviews
63+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Use the journals and ledgers that follows. Total and rule (draw a line under the column of numbers) the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general...
-
Prepare a schedule of the annual capital cost allowance for a major project. The initial investment is $50,000, the tax rate is 27 percent, and the CCA rate is 35 percent. Determine the amount of CCA...
-
Requirements 1. Prepare a schedule of accounts receivable for Calderone Company on January 31, 2019 . 2. Should the total of your accounts receivable schedule agree with the balance of the Accounts...
-
R. Bright, an electrical goods wholesaler, has three departments: (a) Music, (b) TV and (c) Kitchen. The following is a summary of Brights sales invoices during the week 1 to 7 February 2013. (a)...
-
Summarize the steps in the human resources management process.
-
Estimate the power required to overcome drag for a car traveling at \(100 \mathrm{~km} / \mathrm{hr}\). Typical car dimensions are \(3.5 \mathrm{~m} \times 1.7 \mathrm{~m} \times 1.5 \mathrm{~m}\)...
-
Given the basis sets of groups Set- \(1\left\{\mathrm{CH}_{3} ; \mathrm{CH}_{2} ; \mathrm{CH} ; \mathrm{C} ight\} ;\) Set- \(2\left\{\mathrm{OH} ; \mathrm{CH}_{3} \mathrm{CO} ; \mathrm{CH}_{3}...
-
A beaker filled with an equimolar liquid mixture of ethyl alcohol and ethyl acetate evaporates at O?C into still air at 101 kPa (1 atm) total pressure. Assuming Raoult's law applies, what will be the...
-
The left, right, trapezoidal, and midpoint rule approximations were used to estimate same number of subintervals were used in each case. 2 y 1k y=fix) (a) Which rule produced which estimate? L un R n...
-
Consider a shale-free, dry, sandstone core plug. By measure- ment, the following data are known: d=2.54 cm, L=5.00 cm, and mass (dry)=54.8 g. a. Knowing that the grain density of most sandstones is...
-
Which area of accounting needs a computerized accounting information system the mostpayroll, tax, or preparing financial statements?
-
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for...
-
In April 2010, a research team reported that they had made Element 117. The report has yet to be confirmed. Write out Element 117's ground-state electron configuration, and estimate values for its...
-
Examination of a data set reveals that the mean and median are both equal to 98.2, so the distribution must be uniform. Decide whether the statement makes sense (or is clearly true) or does not make...
-
For a constant linear acceleration, the velocity-versus time graph is (a) a horizontal line, (b) a vertical line, (c) a non-horizontal and non-vertical straight line, (d) a curved line.
-
A scalar quantity has (a) only magnitude, (b) only direction, (c) both magnitude and direction.
-
The heights of 500 male students, half of whom are adults while the other half are eight years of age. Answer the following questions: a. How many modes would you expect for the distribution? b....
-
Indicate true or false for the following statements. If false, specify what change will make the statement true. _______ When the test statistic is t and the number of degrees of freedom is >30, the...
-
Let X ¼ Bin(n, p). a. Show that if x is an integer between 1 and n inclusive, then b. Show that if X ¼ Bin(n, p), the most probable value for X is the greatest integer less than or...
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
Identify all the problems Target Canada encountered that prevented it from becoming a successful retailer. What were the management, organization, and technology factors that contributed to these...
-
How much of Target Canadas problems were technology based? Explain your answer.
-
How responsible was management for Target Canadas problems? Explain your answer.
-
The imposition of a ceiling on the length of time a criminal case should take to get to trial is a multifaceted issue, balancing the defendant's right to a timely trial with the complexities of...
-
Discuss three changes written into the Constitution in 1789 that changed the government from what it was under the ArticIes of Confederation?
-
Assume South Park is initially closed to trade. Domestic supply and demand for winter hats is given by the following equations: D = 60 - 4P, S = 2P - 6. a. Suppose South Park opens up to trade and...
Study smarter with the SolutionInn App