August 9. Purchased merchandise on account from Book Wholesalers, $1,950.00. Purcha Invoice No. 132. August 14. Barbara Baker withdrew merchandise for personal use, $300.00. Memorandum No. 143.
August 9. Purchased merchandise on account from Book Wholesalers, $1,950.00. Purcha Invoice No. 132. August 14. Barbara Baker withdrew merchandise for personal use, $300.00. Memorandum No. 143.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:A August 1. Purchased merchandise for cash, $1,200.00. Check No. 121.
August 9. Purchased merchandise on account from Book Wholesalers, $1,950.00. Purchase
Invoice No. 132.
August 14. Barbara Baker withdrew merchandise for personal use, $300.00. Memorandum
No. 143.
August 30. Recorded cash and credit card sales, $5,459.00, plus sales tax, $545.90. Cash
Register Tape No. 124.
Total the columns and prove and rule page 1 of the journal.
Prove cash. The beginning cash balance on August 1 is $2,340.00. The balance on the next
unused check stub is $7,144.90.

Transcribed Image Text:DATE
ACCOUNT TITLE
Prove Page 2 of the journal
General Debit
General Credit
Accounts Receivable Debit
Accounts Receivable Credit
Sales Credit
Sales Tax Payable Credit
Accounts Payable Debit
Accounts Payable Credit
Purchases Debit
Cash Debit
Cash Credit
Totals
TUS
DOC T
NO. REF
GENERAL
DEBIT
ELEVEN COLUMN JOURNAL
ACCOUNTS
RECEIVABLE
Debit
CREDIT
Credit
DEBIT
SALES TAX
SALES
PAYABLE
CREDIT CREDIT CREDIT
Cash on hand at beginning of montl
Plus Total cash Received
Equals Total
Less total Cash paid out during mo
Equals cash balance at end of mon
Checkbook balance on next check s
ACCOUNTS PAYABLE
DEBIT
CREDIT
PURCHAS
ES
DEBIT
DEBIT
Page 1
CASH
CREDIT
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