Question: I need help with 3-4/3-5 for Advanced accounting course! Problem 3-4 Journalizing Transactions for Marketable Securities Complete chapter problems one of two ways: Holiday Imports

I need help with 3-4/3-5 for Advanced accounting course!

Problem 3-4 Journalizing Transactions for Marketable Securities Complete chapter problems one of two ways: Holiday Imports invests its extra cash in marketable securities. Instructions Record the following transactions on page 2 of the general journal in your working papers. 1 Manual Working Papers in your Glencoe Workbook Peachtree Complete Accounting Software Analyze: How much cash was required to make this short-term Peachtree investment? SMART GUIDE Step-by-Step Instructions: Problem 3-4 Problem 3-5 Recording Transactions with 1. Select the problem set the Direct Write-Off Method for Holiday Imports (Prob. 3-4). Holiday Imports is a popular 2. Rename the company and set the system date. retail merchandising business. 3. Record transactions using the General Assume that Holiday Imports uses Journal Entry option. the direct write-off method to account 4. Print a General Journal report and proof your for uncollectible accounts. work. 5. Answer the Analyze Instructions question. (1) Record the following transactions 6. End the session. on page 3 of the general journal in your working papers. (2) Post the transactions to the accounts included in your working papers. Peachtree SMART GUIDE Step-by-Step Instructions: Problem 3-5 1. Select the problem set for Holiday Imports (Prob. 3-5). 2. Rename the company and set the system date. 3. Use the Sales/lnvoicing option to record the sale on account. Continued Analyze: What was the balance of the customer's account after the payment on December 17

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