Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.Journalize the following transactions that should be recorded in the sales journal.June 5 Purchased $2,200 of merchandise on credit from Roman CorporationJune 9 Sold merchandise costing $645 to R. Allen for $1,075, terms n/10, Invoice Number 2080.June 12 Sold merchandise costing $450 to J. Meyer for $750 cash, Invoice Number 2081.June 19 Received $1,075 cash from R. Allen to pay for the June 9 purchase.June 27 Sold merchandise costing $595 to B. Kraft for $850, terms n/10, Invoice Number 2082.SALES JOURNALDateAccount DebitedInvoice NumberAccountsReceivable DeatCost of Goods Sold DebitSales CreditInventory Credit

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Description: Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.Journalize the following transactions that should be recorded in the sales journal.June 5 Purchased $2,200 of merchandise on cr

All credit sales of inventory are recorded in sales journal

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Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the sales journal. June 5 Purchased $2,200 of merchandise on credit from Roman Corporation June 9 Sold merchandise costing $645 to R. June 12 Sold merchandise costing $450 to J. June 19 Received $1,075 cash from R. Allen June 27 Sold merchandise costing $595 to B. Allen for $1,075, terms n/10, Invoice Number 2080. Meyer for $750 cash, Invoice Number 2081. to pay for the June 9 purchase. Kraft for $850, terms n/10, Invoice Number 2082.

Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the sales journal. June 5 Purchased $2,200 of merchandise on credit from Roman Corporation June 9 Sold merchandise costing $645 to R. June 12 Sold merchandise costing $450 to J. June 19 Received $1,075 cash from R. Allen June 27 Sold merchandise costing $595 to B. Allen for $1,075, terms n/10, Invoice Number 2080. Meyer for $750 cash, Invoice Number 2081. to pay for the June 9 purchase. Kraft for $850, terms n/10, Invoice Number 2082.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Options are General Sales Purchases Cash receipts Cash Disbursements
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