Enter the following cash payments transactions in a general journal: Apr. 5 Issued Check No. 429 to
Question:
Enter the following cash payments transactions in a general journal:
Apr. 5 Issued Check No. 429 to Standard Industries for merchandise purchased March 27, $8,000, terms 2/10, n/30. Payment is made within the discount period.
19 Issued Check No. 430 to Finest Company for merchandise purchased April 10, $5,300, terms 1/10, n/30. A credit memo had been received on April 12 from Finest Company for merchandise returned, $300. Payment is made within the discount period after deduction for the return dated April 12.
21 Issued Check No. 431 to Funny Follies for merchandise purchased March 22, $3,250, terms n/30.
29 Issued Check No. 432 to Classic Data for merchandise purchased April 20, $7,000, terms 2/10, n/30. Payment is made within the discount period.
Step by Step Answer:
DATE DESCRIPTION 20 Apr 5 Accounts PayableStandard Industries Cash Purchases Disco...View the full answer
Students also viewed these Accounting questions
-
Enter the following cash payments transactions in a general journal: Sept 5 Issued Check No. 318 to Whittle Corp. for merchandise purchased August 28, $5,000, terms 2/10, n/30. Payment is made within...
-
Enter the following cash payments transactions in a general journal: Sept. 5 Issued Check No. 318 to Clinton Corp. for merchandise purchased August 28, $6,000, terms 2/10, n/30. Payment is made...
-
Enter the following transactions in a general journal and post them to the appropriate general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter. Beginning...
-
Consider a model of random interest rates R; between year i and i+1. The R, are i.i.d. random variables such that 1+ R; is LogNormal (0.03,0.0010) distributed. Suppose you deposit an amount of 4000...
-
The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017. 1. Use this information to prepare a complete...
-
The decay \[\Xi^{-} ightarrow \Sigma^{-}+\pi^{\circ}\] proceeds only by the weak interaction. What conservation law prevents decay by the strong interaction?
-
Let \(\left(B_{t} ight)_{t \geqslant 0}\) be a \(\mathrm{BM}^{d}\) and set \(u(t, x):=P_{t} u(x)\). Adapt the proof of Proposition 7.3.g) and show that for \(u \in \mathcal{B}_{b}\left(\mathbb{R}^{d}...
-
Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $ 10 an hour for the first eight hours she works and $ 15 an hour for each additional hour she works. What...
-
Take How Good Are Your Leadership Skills Quiz. Share with your peers what specific skills you need to improve or develop to become a stronger leader. Make sure to support the comparison of your...
-
The mileage which car owners get with certain kind of radial tyre is a random variable having an exponential distribution with mean 40,000 km. Find the probabilities that one of these tyres will last...
-
Using page 3 of a general journal and the following general ledger accounts and accounts payable ledger accounts, journalize and post the following transactions: Mar. 5 Returned merchandise to Tower...
-
Crystal's Candles, a retail business, had the following balances and purchases and payments activity in its accounts payable ledger during November. Prepare a schedule of accounts payable for...
-
Why is spin-pairing so common a features of bond formation (in the context of valence-bond theory)?
-
Correction/explanation of false statements. I need to first pay bills, such as a loan or true a phone bill to establish credit history. The more credit cards I have, the higher my credit score will...
-
What are the primary objectives and operational principles underlying memory management in computing systems?
-
Dennis has come to see you for advice on maximising his superannuation and minimising his tax payable as well as estate planning advice. Denis is aged 53 and is married to Ella, aged 49. They have 2...
-
For the second question, the insurer would not make a positive economic profit if they offer a premium of $2,000. The expected healthcare costs for the low-risk subgroup are $1,000 (10% x $10,000),...
-
Triple A Office Mart Income Statement (selected years) 1990 1989199019911992 Sales$3,800,000$4,180,000$4,850,000$6,000,000 Cost of goods sold(2,460,000)(2,975,000)(3,200,000)(4,180,000) Gross...
-
Enhance the CashRegister class so that it counts the purchased items. Provide a get ItemCount method that returns the count.
-
Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?
-
Use the inequalities in (4) from Exercise 83 with M = 40,000 to show that Is this consistent with Eulers result, according to which this infinite series has sum 2 /6? Data From Exercise 83 (4)...
-
ColorWorks Paint Manufacturing Company produces household paint. The company uses a process cost accounting system. Assume that production of the paint is completed in two departmentsthe Mixing...
-
Following is the statement of cost of goods manufactured for Vermont Manufacturing Company. Required 1. Journalize, using page 116 of the general journal, the adjusting entries for Raw Materials...
-
Following is the trial balance of Rashid Products Company, Inc., as of December 31 of this year. You are given the following information for the adjustments: a. f. Year- end inventories: raw...
-
The first video I have for your discussion is "Shock and Awe:The Story of Electricity" Part 1 is called "Spark"It runs from 0:00 to about 58 min, on the following link....
-
Find the present value of a 1 0 - year annuity of $ 8 0 0 0 per annum, given the interest rate of 6 % for the first year, 7 % for the second year, 8 % for the third year, 9 % for the fourth year, and...
-
The management accounting team of XYZ plc also came up with some questions and requested you to explain/answer them for the upcoming board meeting: 1. A chain of XYZ plc, BHealthy Ltd is a wholesale...
Study smarter with the SolutionInn App