Second Part :

Exercise 7-9 Entries in general journal LO P1, P2, P3, P4 Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. July 3 The company purchased $3,400 of merchandise on credit from Advanced Parts, terms n/60. 6 The company sold $750 of merchandise (cost is $600) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $5,600 to the company. 9 The company sold $900 of used equipment (noninventory) on credit to Junk Yard, terms n/30. 13 The company sold $3,800 of merchandise (cost is $3,400) on credit to J. Bell, terms n/30. 15 The company granted J. Bell an allowance (price reduction) of $560 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $26,000 by issuing a note payable. 26 The company paid salaries of $4,700 with cash. Journalize its transactions that should be recorded in the general journal. (If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field.) Identify the journal where each of the following transactions should be recorded. Complete this question by entering your answers in the tabs below. General Journal subsidiary ledger Journalize its transactions that should be recorded in the general journal. (If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field.) General Journal subsidiary ledger Identify the journal where each of the following transactions should be recorded. Journal Purchases journal Cash receipts journal Date Transaction July 3 The company purchased $3,400 of merchandise on credit from Advanced Parts, terms n/60. 6 The company sold $750 of merchandise (cost is $600) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $5,600 to the company. 9 The company sold $900 of used equipment (noninventory) on credit to Junk Yard, terms n/30. 13 The company sold $3,800 of merchandise (cost is $3,400) on credit to J. Bell, terms n/30. The company granted J. Bell an allowance (price reduction) of $560 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $26,000 by issuing a note payable. 26 The company paid salaries of $4,700 with cash