Record the following transactions in the general journal then prepare the trial balance for December 31:...
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Record the following transactions in the general journal then prepare the trial balance for December 31: 1. On Dec. 2, inventory worth $25,AAB (first three of your student ID # after 774) was purchased on account, with the terms of 2/10, n/30. 2. On Dec. 4, inventory was sold for $47,AAB (first three of your student ID # after 774) was sold on account, with the terms of 2/10, n/30. The cost of inventory was $36,0CC (last two of your student ID#) 3. On Dec. 12, the company paid for the Dec. 2 purchase. (Round to the nearest dollar if necessary) 4. On Dec. 14, the Inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5. On Dec. 30, the owner withdrew $8,BCC (last three of your student ID#) from the company. General Journal Date Dec 2 Bec 4 Dec 12 Dec 14 Dec 30 Description PR Debit Page 119 Credit Record the following transactions in the general journal then prepare the trial balance for December 31: 1. On Dec. 2, inventory worth $25,AAB (first three of your student ID # after 774) was purchased on account, with the terms of 2/10, n/30. 2. On Dec. 4, inventory was sold for $47,AAB (first three of your student ID # after 774) was sold on account, with the terms of 2/10, n/30. The cost of inventory was $36,0CC (last two of your student ID#) 3. On Dec. 12, the company paid for the Dec. 2 purchase. (Round to the nearest dollar if necessary) 4. On Dec. 14, the Inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5. On Dec. 30, the owner withdrew $8,BCC (last three of your student ID#) from the company. General Journal Date Dec 2 Bec 4 Dec 12 Dec 14 Dec 30 Description PR Debit Page 119 Credit
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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