All Company uses a sales Journal, purchases Journal, cash receipts Journal, cash payments Journal, and general...
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All Company uses a sales Journal, purchases Journal, cash receipts Journal, cash payments Journal, and general Journal. Identify the Journal in which each of the transactions should be recorded. Date Transaction November 1 Paid salary of $4,800 to D. Gooden by issuing check number 932. November 3 Purchased $1,180 of store supplies from Pitt Company on credit, terms n/60. November 4 Purchased $1,740 of merchandise on credit from Kirkpatrik, terms n/15. November Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 90 days. November 17 Sold merchandise costing $2,200 to J. Spruce for $3,150 cash. November November 11 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation. 22 J. Ali, the owner, contributed $5,000 cash to the company. 24 November 27 The company received $980 cash from J. Than in payment of the November 7 purchase. Journal All Company uses a sales Journal, purchases Journal, cash receipts Journal, cash payments Journal, and general Journal. Identify the Journal in which each of the transactions should be recorded. Date Transaction November 1 Paid salary of $4,800 to D. Gooden by issuing check number 932. November 3 Purchased $1,180 of store supplies from Pitt Company on credit, terms n/60. November 4 Purchased $1,740 of merchandise on credit from Kirkpatrik, terms n/15. November Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 90 days. November 17 Sold merchandise costing $2,200 to J. Spruce for $3,150 cash. November November 11 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation. 22 J. Ali, the owner, contributed $5,000 cash to the company. 24 November 27 The company received $980 cash from J. Than in payment of the November 7 purchase. Journal
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