R. Crane Co. uses special journals and a general journal. The following transactions occurred during May...
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R. Crane Co. uses special journals and a general journal. The following transactions occurred during May 2022. May 1 2 3 14 16 22 R. Crane invested $45,200 cash in the business. Sold merchandise to Lawrie Co. for $6,630 cash. The cost of the merchandise sold was $4,760. Purchased merchandise for $7,210 from J. Moskos using check no. 101. Paid salary to H. Rivera $550 by issuing check no. 102. Sold merchandise on account to K. Stanton for $865, terms n/30. The cost of the merchandise sold was $575. A check of $9,000 is received from M. Mangini in full for invoice 101; no discount given. Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entrie the order presented in the problem statement.) Date 2022 Account Credited < Ref. Cash Dr. R. CRANI Cash Receipt Sales Discounts Dr. Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. CRANE CO. Receipts Journal Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. CR1 Cost of Goods Sold Dr. Inventory Cr. Activate Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) Date 2022 Ck. No. Account Debited Ref. R. CRANE CO. Cash Payments Journal Other Accounts Dr. Accounts Payable [ Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) Ref. R. CRANE CO. Cash Payments Journal Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr. CP1 R. Crane Co. uses special journals and a general journal. The following transactions occurred during May 2022. May 1 2 3 14 16 22 R. Crane invested $45,200 cash in the business. Sold merchandise to Lawrie Co. for $6,630 cash. The cost of the merchandise sold was $4,760. Purchased merchandise for $7,210 from J. Moskos using check no. 101. Paid salary to H. Rivera $550 by issuing check no. 102. Sold merchandise on account to K. Stanton for $865, terms n/30. The cost of the merchandise sold was $575. A check of $9,000 is received from M. Mangini in full for invoice 101; no discount given. Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entrie the order presented in the problem statement.) Date 2022 Account Credited < Ref. Cash Dr. R. CRANI Cash Receipt Sales Discounts Dr. Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. CRANE CO. Receipts Journal Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. CR1 Cost of Goods Sold Dr. Inventory Cr. Activate Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) Date 2022 Ck. No. Account Debited Ref. R. CRANE CO. Cash Payments Journal Other Accounts Dr. Accounts Payable [ Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) Ref. R. CRANE CO. Cash Payments Journal Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr. CP1
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RCrane Co Cash Receipt Ledger Date Amount Credited Ref Cash DR Sales ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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