Question: which special journal does this go into and how do I record the entry: Possible special journals: Cash receipts journal Cash disbursements journal Purchase Journal

which special journal does this go into and how do I record the entry:

Possible special journals:

Cash receipts journal

Cash disbursements journal

Purchase Journal

Sales Journal

General Ledger

Accounts receivable subsidiary ledger

Accounts payable subsidiary ledger

Inventory records for software and for computers

Transaction: Sold 100,000 shares of stock for $8/share.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

which special journal does this go into and how do I record the entry: Possible special journals: Cash receipts journal Cash disbursements journal Purchase Journal Sales Journal General Ledger...

Q:

which special journal does this go into and how do I record the entry: Possible special journals: Cash receipts journal Cash disbursements journal Purchase Journal Sales Journal General Ledger...

Q:

which special journal does this go into and how do I record the entry: Possible special journals: Cash receipts journal Cash disbursements journal Purchase Journal Sales Journal General Ledger...

Q:

You have been hired to handle the accounting function for a new company and the owners don t know where to begin. They have hired you to manage the business.This is what you learn about the...

Q:

plz help!! thanks! Prepare a trial balance of the general ledger accounts. Enter the March 31 balances for Cash ($93,000), Inventory ($180,000), Long-Term Notes Payable ($173,000), and B. Wiset,...

Q:

Required: 1-a. Enter the transactions of the Wiset Company that should be journalized in the sales journal. 1-b. Enter the transactions of the Wiset Company that should be journalized in the cash...

Q:

Help me figure out how to journalize the transactions and which journals each transaction takes place: Cash receipts journal Cash disbursements journal Purchase Journal Sales Journal General Ledger...

Q:

Problem 9.1A (Static) Journalizing cash receipts, cash short or over, and posting to the general ledger. LO 9-1 Candy's Cupcakes, a retail business, started business on June 25, 20X1. It keeps a $300...

Q:

. Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). April 2 Purchased $13,500 of merchandise on eredit from Noth Company,...

Q:

1-a. Enter the transactions of the Wiset Company that should be journalized in the sales journal. 1-b. Enter the transactions of the Wiset Company that should be journalized in the cash receipts...

Q:

Explain briefly and concisely What is meant by Monte Carlo simulation. Feel free to illustrate with an example from finance

Q:

Suppose we have the following table of yields on government benchmark bonds. Maturity Rate 2-year 2.9% 5-year 3.7% 10-year 4.1% 20-year 4.3% Suppose a 15.75 year corporate bond has a YTM of 8.79%....

Q:

What are the two types of intermediary goods that are counted in the GDP calculation? Explain why these two goods are integrated in the GDP calculation.

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

Describe managers appropriate use of power and influence.

Q:

Explain how to develop the career readiness competency of self-awareness.

Q:

Review the techniques for improving the career readiness competency of networking.