On September 1, the balance of the Accounts Receivable control account in the general ledger of...

 

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On September 1, the balance of the Accounts Receivable control account in the general ledger of Crane Company was $10,600. The customers' subsidiary ledger contained account balances as follovs: Hurley $1,560, Andino $2,470, Fowler $1,800, and Sogard $4,770. At the end of September, the various journals contained the following information. Sales journal: Sales to Sogard $740, to Hurley $1,160, to Giambi $1,350, and to Fowler $1,240. Cash receipts journal: Cash received from Fovler $1,290, from Sogard $2,320, from Giambi $280, from Andino $1,630, and from Hurley $1,100. General journal: An allowance is granted to Sogard $190. Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 10,600 CR G Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,800 CR Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 4,770 CR G Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 CR Аndino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 2,470 CR Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,560 Activate Windows Go to Settings-to activate Windows. CR LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 5:35 PM to search 4/28/2021 8 Exercise 7-06 a-b (Video) Sandhill Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $770, terms n/30. The cost of the merchandise sold was $390. 10 Purchased merchandise on account from A. Pagan $635, terms 2/10, n/30. 12 Purchased office equipment on account from R. Cairo $6,500. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $830, terms 2/10, n/30. The cost of the merchandise sold was $500. 25 Purchased merchandise on account from D. Dovwns $890, terms n/30. 27 Sold merchandise to S. Miller for $695 cash. The cost of the merchandise sold was $400. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SANDHILL COMPANY Sales Journal si Account Debited Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Revenue Cr. Invoice Date No. Ref. Inventory Cr. 2020 LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a single-column purchases journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SANDHILL COMPANY Purchases Journal P1 Inventory Dr. Ref. Accounts Payable Cr. Account Date Credited Terms 2020 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXТ VIDEO: SIMILAR EXERCISE Activate Windows Question Attempts: Unlimited S GAVE FOR LATER SUBMIT ANSWER 5:35 PM to search W 4/28/2021 On September 1, the balance of the Accounts Receivable control account in the general ledger of Crane Company was $10,600. The customers' subsidiary ledger contained account balances as follovs: Hurley $1,560, Andino $2,470, Fowler $1,800, and Sogard $4,770. At the end of September, the various journals contained the following information. Sales journal: Sales to Sogard $740, to Hurley $1,160, to Giambi $1,350, and to Fowler $1,240. Cash receipts journal: Cash received from Fovler $1,290, from Sogard $2,320, from Giambi $280, from Andino $1,630, and from Hurley $1,100. General journal: An allowance is granted to Sogard $190. Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 10,600 CR G Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,800 CR Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 4,770 CR G Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 CR Аndino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 2,470 CR Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,560 Activate Windows Go to Settings-to activate Windows. CR LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 5:35 PM to search 4/28/2021 8 Exercise 7-06 a-b (Video) Sandhill Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $770, terms n/30. The cost of the merchandise sold was $390. 10 Purchased merchandise on account from A. Pagan $635, terms 2/10, n/30. 12 Purchased office equipment on account from R. Cairo $6,500. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $830, terms 2/10, n/30. The cost of the merchandise sold was $500. 25 Purchased merchandise on account from D. Dovwns $890, terms n/30. 27 Sold merchandise to S. Miller for $695 cash. The cost of the merchandise sold was $400. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SANDHILL COMPANY Sales Journal si Account Debited Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Revenue Cr. Invoice Date No. Ref. Inventory Cr. 2020 LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a single-column purchases journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SANDHILL COMPANY Purchases Journal P1 Inventory Dr. Ref. Accounts Payable Cr. Account Date Credited Terms 2020 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXТ VIDEO: SIMILAR EXERCISE Activate Windows Question Attempts: Unlimited S GAVE FOR LATER SUBMIT ANSWER 5:35 PM to search W 4/28/2021