Question: How do I prepare multi column cash receipt journal and record the transactions for May that is journalize. R.PharoahCo. uses special journals and a general
How do I prepare multi column cash receipt journal and record the transactions for May that is journalize.
R.PharoahCo. uses special journals and a general journal. The following transactions occurred during May 2020. My problem is below.
May 1) R.Pharoahinvested $52,500cash in the business.
2) Sold merchandise to Lawrie Co. for $6,420cash. The cost of the merchandise sold was $3,970
3) Purchased merchandise for $6,790from J. Moskos using check no. 101.
14) Paid salary to H. Rivera $805by issuing check no. 102.
16) Sold merchandise on account to K. Stanton for $845, terms n/30. The cost of the merchandise sold was $605.
22) A check of $9,470is received from M. Mangini in full for invoice 101; no discount given.
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