Exercise $7-9($Algo$)$ Entries in general journal LO P$1,$ P$2,$ P$3,$ P$49($Algo$)$ Entries in general journal LO P$1,$ P$2,$ P$3,$ P$4$

$2\mathrm{.}27$ Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.

July $3$ The company purchased $$4,200$ of merchandise on credit from Advanced Parts, terms $\frac{n}{60}.$

July $6$ The company sold $$1,150$ of merchandise for cash $($cost is $$1,000)$ to $0$'Reily.

July $7$ The owner, A$.$ Smith, contributed equipment worth $$7,200$ to the company.

July $9$ The company sold $$1,300$ of used equipment $($noninventory$)$ on credit to Junk Yard, terms $\frac{n}{30}.$

July $13$ The company sold $$5,400$ of merchandise $($cost is $$5,000)$ on credit to J$.$ Bell, terms $\frac{n}{30}.$

July $15$ The company granted J$.$ Bell an allowance $($price reduction$)$ of $$720$ for merchandise purchased on July $13.$ Smith

Auto credited accounts receivable for that amount.

July $22$ The company purchased a building for $$42,000$ by issuing a note payable.

July $26$ The company paid salaries of $$5,500$ with cash.

Journalize its transactions that should be recorded in the general journal.

Identify the journal where each of the following transactions should be recorded.

Complete this question by entering your answers in the tabs below.

General

Subsidiary

Journal

Ledger

Identify the journal where each of the following transactions should be recorded.

Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.

July $3$ The company purchased $$4,200$ of merchandise on credit from Advanced Parts, terms n$/60.$

July $6$ The company sold $$1,150$ of merchandise for cash $($cost is $$1,000)$ to $0$'Reily.

July $7$ The owner, A$.$ Smith, contributed equipment worth $$7,200$ to the company.

July $9$ The company sold $$1,300$ of used equipment $($noninventory$)$ on credit to Junk Yard, terms n$/30.$

July $13$ The company sold $$5,400$ of merchandise $($cost is $$5,000)$ on credit to J$.$ Bell, terms n$/30.$

July $15$ The company granted J$.$ Bell an allowance $($price reduction$)$ of $$720$ for merchandise purchased on July $13.$ Smith

Auto credited accounts receivable for that amount.

July $22$ The company purchased a building for $$42,000$ by issuing a note payable.

July $26$ The company paid salaries of $$5,500$ with cash.

Journalize its transactions that should be recorded in the general journal.

Identify the journal where each of the following transactions should be recorded.

Complete this question by entering your answers in the tabs below.

General

Journal

Subsidiary

Ledger

Journalize its transactions that should be recorded in the general journal.

Note: If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field.

Journal entry worksheet

The company purchased $$4,200$ of merchandise on credit from Advanced

Parts, terms $\frac{n}{60}.$

Note: Enter debits before credits.