Record journal entries and post them in ledger accounts then prepare a trial balance WEEK 3 TRANSACTIONS

Record journal entries and post them in ledger accounts then prepare a trial balance
   

Transcribed Image Text:

WEEK 3 TRANSACTIONS Sep-20 Sale on account to Sassy's Dip Shop for $700, Inv. 5. Sep-21 A cash customer returned un-opened cartons of ice cream. The customer received a full refund of $50 in cash. Sep-22 Sales on account to the Stay-a-While Inn for $400, Inv. 6. Sep-22 Grace Lovell, a valued customer, paid $100 in advance for ice cream that will be delivered to her home on October 14. Sep-22 Joe's Repairs fixed a part on one of the refrigerators for $300. Paid cash for repairs, Inv. 225. Sep-22 Paid $5,000 cash payment to Bud's Dairy on Inv. 101. Sep-23 Purchased merchandise on account from Sky Mountain Chocolate Factory for $1,250, Inv. 343 Sep-24 Received payment of $100 from Dale's Treats who purchased on credit during week 1, Inv. 3 Sep-24 Jo and Mo withdrew $6,000 for personal use. Sep-25 Purchased ice cream from Bud's Dairy at a cost of $8,000 on account, Inv. 187 Sep-26 Week 3 (Sept 19-25) cash sales were $8,120. ACCURACY CHECKPOINT-VALIDATE THAT TOTALS MATCH CHECK FIGURES BEFORE PROCEEDING Journals General Cash Payments Cash Receipts Purchases Sales $232,180.00 $59,350.00 $22,111.00 $29,950.00 $4,700.00 Trial Balance Debit Balance: Credit Balance $ $239,780.00 $189,971.25 WEEK 3 TRANSACTIONS Sep-20 Sale on account to Sassy's Dip Shop for $700, Inv. 5. Sep-21 A cash customer returned un-opened cartons of ice cream. The customer received a full refund of $50 in cash. Sep-22 Sales on account to the Stay-a-While Inn for $400, Inv. 6. Sep-22 Grace Lovell, a valued customer, paid $100 in advance for ice cream that will be delivered to her home on October 14. Sep-22 Joe's Repairs fixed a part on one of the refrigerators for $300. Paid cash for repairs, Inv. 225. Sep-22 Paid $5,000 cash payment to Bud's Dairy on Inv. 101. Sep-23 Purchased merchandise on account from Sky Mountain Chocolate Factory for $1,250, Inv. 343 Sep-24 Received payment of $100 from Dale's Treats who purchased on credit during week 1, Inv. 3 Sep-24 Jo and Mo withdrew $6,000 for personal use. Sep-25 Purchased ice cream from Bud's Dairy at a cost of $8,000 on account, Inv. 187 Sep-26 Week 3 (Sept 19-25) cash sales were $8,120. ACCURACY CHECKPOINT-VALIDATE THAT TOTALS MATCH CHECK FIGURES BEFORE PROCEEDING Journals General Cash Payments Cash Receipts Purchases Sales $232,180.00 $59,350.00 $22,111.00 $29,950.00 $4,700.00 Trial Balance Debit Balance: Credit Balance $ $239,780.00 $189,971.25

Answer rating: 100% (QA)

Journal Entries Date Account Titles and Explanation Debit Credit Sep 20 Accounts Receivable 700 Sa... View the full answer