Post these entries to the general ledgers

March 15 The owner withdrew $250 for her own personal use, check number 113.

March 15 Paid $50 for cleaning expenses, check number 114.

March 16 Received payment from Young Company for invoice number 52, less discount allowed on the balance of this invoice. Hint: the original sale occurred on March 6^th and there was a subsequent return on March 10^th).

March 16 Young Company paid invoice number 51, $8,000, no discount allowed.

March 16 Sold merchandise to Bach Company on account, retail price $4,600, cost $3,800, invoice number 54; discount terms 3/10, n/30.

March 21 Purchased delivery truck on account from Manny’s Garage, $20,000, no discount terms.

March 22 Sold merchandise to Young Company on account, retail price $5,000, cost $4,500invoice number 55; terms 3/10, n/30.

March 23 Paid the balance owed to Johnson Company, taking the sales discount, check number 115. Hint: the original purchase transaction was on March 11^th with a subsequent return on March 14^th.

1. March 24 Sold merchandise to Bach Company on account, retail price $1,500, cost $1,200 invoice number 56; discount terms 3/10, n/30.
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3. March 25 Purchase merchandise for $1,800, check number 116.
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5. March 27 Purchase merchandise on account from Dean Company, $5,000; discount terms 1/10, n/30.
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7. March 28 Young Company paid invoice number 55 dated March 22^nd, less discount.
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9. March 28 Bach Company paid invoice number 54 dated March 16^th, no discount allowed.
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11. March 29 Purchase merchandise from Thomas Company on account, $13,000; discount terms 1/10, n/30.
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13. March 30 Sold merchandise to Danmark Company on account, retail price $9,000, cost $7,800, invoice number 57; terms 3/10, n/30.

Answer rating: 100% (QA)

Date Account Debit Credit Mar 15 Owners Withdrawals 250 Mar 15 Cleaning Expenses 50 Mar 16 Cash 6645... View the full answer