Cengage xCengageNOWv2 | Online teachin x b Dashboard | bartleby XQACCT ch 6 Flashcards Quizlet ← → C â https://v2.cengagenow.com/rn/takeAssignment takeAssignmentMain doinvoker-assignments&takeAssignmentSessionLocator-assignment take&in. Ch 6-2 Practice Exercises eBook Show Me Hovw Calculator Print Itemm Transactions for Buyer and Seller Grayson Co. sold merchandise to Angelleti Co. on account, $5,300, terms 2/15, n/30. The cost of merchandise sold is $3,180. Assume all discounts are taken Journalize Grayson Co.'s entries for (a) the sale on account and (b) the collection of the amount due Merchandise Inventory x 5,300| X Accounts Payable-Angelleti Co. x 5,300 | X Cash x 3,180 Sales Discounts x 3,180 Cost of Merchandise Sold x 5,300| X Merchandise Inventory x 5,300 | X Feedback Journalize Angelleti Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due Merchandise Inventory 3,180X Accounts Payable-Grayson Co. V/ 3,180 | X (b) Accounts Payable-Grayson Co. 3,180 | X Cash 3,180 | X Feedback Feedback Check My Work 1 more Check My Work uses remaining Previous Next Assignment Score: 48.33% All work saved Email InstructorSave and Exit Submit Assignment for Grading 1:52 PM Tvpe here to search 2/16/2019

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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Question

Hi, I'm pretty stuck on this problem. I thought I had labeled the journal entries in the correct format but its saying I have all the names wrong for the first part as well as the values for pretty much everything. How would I solve for this? Can you walk me through how to find the values and how the journal entries would be labeled? I have attached a screen grab of the question. Thanks!

Cengage
xCengageNOWv2 | Online teachin x b Dashboard | bartleby
XQACCT ch 6 Flashcards Quizlet
←
→
C
â
https://v2.cengagenow.com/rn/takeAssignment takeAssignmentMain doinvoker-assignments&takeAssignmentSessionLocator-assignment take&in.
Ch 6-2 Practice Exercises
eBook
Show Me Hovw
Calculator
Print Itemm
Transactions for Buyer and Seller
Grayson Co. sold merchandise to Angelleti Co. on account, $5,300, terms 2/15, n/30. The cost of merchandise sold is $3,180. Assume all discounts are taken
Journalize Grayson Co.'s entries for (a) the sale on account and (b) the collection of the amount due
Merchandise Inventory x
5,300| X
Accounts Payable-Angelleti Co. x
5,300 | X
Cash x
3,180
Sales Discounts x
3,180
Cost of Merchandise Sold x
5,300| X
Merchandise Inventory x
5,300 | X
Feedback
Journalize Angelleti Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due
Merchandise Inventory
3,180X
Accounts Payable-Grayson Co. V/
3,180 | X
(b) Accounts Payable-Grayson Co.
3,180 | X
Cash
3,180 | X
Feedback
Feedback
Check My Work
1 more Check My Work uses remaining
Previous
Next
Assignment Score: 48.33%
All work saved
Email InstructorSave and Exit Submit Assignment for Grading
1:52 PM
Tvpe here to search
2/16/2019

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