Please Do not Give Image format Date2017Date2017>AccountDebited>AccountCreditedTORNEN COInvoiceNo.TermsSales JournalRef.NORREN COMPANYPurchase JournalALUAccounts Receivable Dr.Sales Revenue Cr.Ref.Inventory Dr.Accounts Payable Cr.Cost of Goods Sold Dr.Inventory Cr. Sept.2(a)(b)1012212527Sold merchandise on account to J. Yancey, invoice no. 101, $810, terms n/30. The cost of the merchandise sold was $524.Purchased merchandise on account from H. Heerey $670, terms 2/10,n/30.Purchased office equipment on account from Y. Kojima $6,730.Sold merchandise on account to K. Pricer, invoice no. 102 for $770, terms 2/10, n/30. The cost of the merchandise soldwas $487.Purchased merchandise on account from G. Jeanik $840, terms n/30.Sold merchandise to D. Schaff for $700 cash. The cost of the merchandise sold was $432.Prepare a sales journal and a single-column purchases journal.Record the transactions for September that should be journalized in the sales journal and the purchases journal.Date2017AccountDebitedInvoiceNo.NORREN COMPANYSales JournalRef.Accounts Receivable Dr.Sales Revenue Cr.Cost of Goods Sold Dr.Inventory Cr.

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Description: Please Do not Give Image format Date2017Date2017>AccountDebited>AccountCreditedTORNEN COInvoiceNo.TermsSales JournalRef.NORREN COMPANYPurchase JournalALUAccounts Receivable Dr.Sales Revenue Cr.Ref.Inventory Dr.Accounts Payable Cr.Cost of Goods Sold D

Revenue is the income generated by the entity during the period through sales of goods or provision…

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(a) (b) Prepare a sales journal and a single-column purchases journal. Record the transactions for September that should be journalized in the sales journal and the purchases journal.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...

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