A company entered into the following transactions Match sach transaction with the appropriate journal in which it should be recorded Purchased merchandise from Able Ce for $2.000 terms 210, 30 Invoice dated August & General Journal aid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758 & Cash payments journal Sold merchandise on credit to Delta Corp for $3,000 terms, 2/10, 30, Invoice No. 246. C.Cash receipts journal Cost of Goods Sold in $1,740 a Purchases journal Received cash payment in full from Delta Corp. for August 5 sale Recorded cash sales for the month $0.000 Sales Journal Returned defective inventory purchased on account from Able Co. for $550
A company entered into the following transactions Match sach transaction with the appropriate journal in which it should be recorded Purchased merchandise from Able Ce for $2.000 terms 210, 30 Invoice dated August & General Journal aid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758 & Cash payments journal Sold merchandise on credit to Delta Corp for $3,000 terms, 2/10, 30, Invoice No. 246. C.Cash receipts journal Cost of Goods Sold in $1,740 a Purchases journal Received cash payment in full from Delta Corp. for August 5 sale Recorded cash sales for the month $0.000 Sales Journal Returned defective inventory purchased on account from Able Co. for $550
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Question 6
A company entered into the following transactions Match each transaction with the appropriate journal in which it should be recorded
Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30 Invoice dated August
A General Journal
Paid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758
Cash payments journal
Sold merchandise on credit to Delta Corp for $3,000, terms, 2/10, n30, Invoice No. 246. C.Cash receipts journal
Cost of Goods Sold is $1.740
a Purchases journal
Received cash payment in full from Delta Corp. for August 5 sale
Recorded cash sales for the month, $9.000
Sales Journal
Returned defective inventory purchased on account from Able Co. for $550](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F590f961d-6be4-4dc5-afd9-94e0e51d73f0%2F8b1fcf61-73ff-4580-b5bd-d77cbc38d4db%2F1sbdssc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 6
A company entered into the following transactions Match each transaction with the appropriate journal in which it should be recorded
Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30 Invoice dated August
A General Journal
Paid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758
Cash payments journal
Sold merchandise on credit to Delta Corp for $3,000, terms, 2/10, n30, Invoice No. 246. C.Cash receipts journal
Cost of Goods Sold is $1.740
a Purchases journal
Received cash payment in full from Delta Corp. for August 5 sale
Recorded cash sales for the month, $9.000
Sales Journal
Returned defective inventory purchased on account from Able Co. for $550
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education