Cycle Tech Bicycles had the following cash payment transactions in March. Instructions In your working papers, record
Question:
Cycle Tech Bicycles had the following cash payment transactions in March.
Instructions
In your working papers, record the transactions on page 19 of the general journal.
Transcribed Image Text:
Date Transactions Mar. 1 Purchased $1,800 in merchandise from Summit Bicycles, Check 2111. 3 7 Issued Check 2112 for $2,450 to Spaulding Inc. in payment of the $2,500 account balance less a 2% cash discount of $50. Issued Check 2113 for $3,100 to Desert Palms Insurance Company for the annual business insurance premium. Paid $175 to Viking Express for delivery of merchandise purchased from Schwinn Inc., FOB shipping point, Check 2114. 12 17 Issued Check 2115 to Suspension Specialists for $3,880 in payment of Invoice 1492 for $4,000 less a 3% cash discount of $120. 20 Received the March bank statement and recorded bankcard fees of $275. CONTINUE
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