Rivers Edge Canoe & Kayak had the following purchases and cash payment transactions for the month of
Question:
River’s Edge Canoe & Kayak had the following purchases and cash payment transactions for the month of March.
Instructions
In your working papers, record the following transactions on page 16 of the general journal.
Transcribed Image Text:
Date Transactions Mar. 1 Purchased $8,200 in merchandise on account from Trailhead Canoes, Invoice TC202, terms 2/10, n/30. 5 Issued Check 887 for $98 to Santini Trucking Company for delivery of merchandise purchased from Trailhead Canoes. Bought $230 in supplies on account from StoreMart Supply, Invoice SM101, terms n/30. 7 9 11 Issued Check 888 to World-Wide Insurance Company for $2,500 in payment of business insurance premium. Issued Check 889 to Trailhead Canoes for $8,036 in payment of Invoice TC202 for $8,200 less a 2% cash discount of $164. Purchased $6,200 in merchandise on account from Mohican Falls Kayak Wholesalers, Invoice 45332, terms 3/15, n/45. Issued Debit Memorandum 67 for $25 to StoreMart Supply for damaged supplies purchased on March 7. 15 18 21 Paid StoreMart Supply the balance duc on their account, $205 ($230 less $25 credit), Check 890. 25 Returned $200 in merchandise to Mohican Falls Kayak Wholesalers, Debit Memorandum 68. 28 Rollins Plumbing Service completed $120 in repair work (Maintenance Expense) on account, Invoice RP432.
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General Journal No Date General Journal Debit Credit 1 Mar01 Purchases AC Dr to ...View the full answer
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