Question: Question 1 [ 3 5 points ] Prepare journal entries for February 2 0 1 9 to record the following transactions for Vision Consulting Inc.
Question points
Prepare journal entries for February to record the following transactions for Vision Consulting Inc. Assume a perpetual inventory system.
Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddmmm ie January would be When a transaction requires two separate journal entries, use the same letter for both descriptions.
a February : Vision Consulting Inc.s merchandise that cost $ was sold to Southgate Inc. for $ under credit terms of
b February : Vision Consulting Inc. sold merchandise that cost $ to Dylex Corporation for $ under credit terms of
c February : Issued a $ credit memorandum to Southgate Inc. for an allowance on goods sold on February
d February : Received Dylex Corporation's payment of the amount due from the February sale.
e February : Received the balance due from Southgate Inc. for the sale dated February
f February : Vision Consulting Inc. sold merchandise to cell Inc. that cost $ for $ cash.
Please use the and buttons to change the number of accounts if necessary for each journal entry.
tableGeneral Journal,Page GDateAccountExplanationPRDebit,Credit
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