4- Record the following transactions in the general journal of Ghazi Company Feb. 01 Ghazi Company...
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4- Record the following transactions in the general journal of Ghazi Company Feb. 01 Ghazi Company made a cash sale of SR 5000. Customers returned of SR 600 of the goods (Feb. 01). Bought goods from El-Amal Co. for cash of SR 3000 12 13 22 Returned goods of SR 400 to El-Amal Co. Solution: GENERAL JOURNAL DATE EXPLANATION PR DEBIT CREDIT 5- Record the following transactions in the general journal of Hashem Company May 03 Sold merchandise to Mohamed for SR 800 terms 3/20, n/60. Mohamed returned SR 100 of the goods. 06 Received payments from Mohamed for the balance due. 11 Solution: GENERAL JOURNAL DATE EXPLANATION PR DEBIT CREDIT 4- Record the following transactions in the general journal of Ghazi Company Feb. 01 Ghazi Company made a cash sale of SR 5000. Customers returned of SR 600 of the goods (Feb. 01). Bought goods from El-Amal Co. for cash of SR 3000 12 13 22 Returned goods of SR 400 to El-Amal Co. Solution: GENERAL JOURNAL DATE EXPLANATION PR DEBIT CREDIT 5- Record the following transactions in the general journal of Hashem Company May 03 Sold merchandise to Mohamed for SR 800 terms 3/20, n/60. Mohamed returned SR 100 of the goods. 06 Received payments from Mohamed for the balance due. 11 Solution: GENERAL JOURNAL DATE EXPLANATION PR DEBIT CREDIT
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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