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D. Odies JuULuai - Paid S50,500 cash for monthly rents for the factory, Check No. 5550. C Cash receipts Jour -Returned defective office supplies with a cost of $700 from the last month purchase. D.Cash payments Jor E. Purchase Journal v Borrowed $45,000 from Bank of Bahrain & Kuwait on a long-term note payable.

D. Odies JuULuai - Paid S50,500 cash for monthly rents for the factory, Check No. 5550. C Cash receipts Jour -Returned defective office supplies with a cost of $700 from the last month purchase. D.Cash payments Jor E. Purchase Journal v Borrowed $45,000 from Bank of Bahrain & Kuwait on a long-term note payable.

FINANCIAL ACCOUNTING
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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145 15 160 170 18 E. v Purchased $4,800 of merchandise inventory on credit from Magic Company, A. General journal terms 3/10, n'60. Invoice No. 7200. B. Sales Journal D. v Paid $50,500 cash for monthly rents for the factory, Check No. 5550. C Cash receipts Journal A. Returned defective office supolies with a cost of $700 from the last month purchase. D.Cash payments Journal ! v Borrowed $45.000 from Bank of Bahrain & Kuwait on a long-term note payable. E. Purchase Journal B. v Collected $66,500 from Durrat Corp. for merchandise sold in the last three months. v Sold merchandise on credit for $3,200 to Manama Cop., Invoice No. 9250. The cost of the good sold is $1,800. . v Purchased office equipment for S2,230 cash from Logistic Co v Purchased office supplies on credit from Zallaq Co. for $2,500, terms 3/10, n'90. Question 18 of 18
Transcribed Image Text:145 15 160 170 18 E. v Purchased $4,800 of merchandise inventory on credit from Magic Company, A. General journal terms 3/10, n'60. Invoice No. 7200. B. Sales Journal D. v Paid $50,500 cash for monthly rents for the factory, Check No. 5550. C Cash receipts Journal A. Returned defective office supolies with a cost of $700 from the last month purchase. D.Cash payments Journal ! v Borrowed $45.000 from Bank of Bahrain & Kuwait on a long-term note payable. E. Purchase Journal B. v Collected $66,500 from Durrat Corp. for merchandise sold in the last three months. v Sold merchandise on credit for $3,200 to Manama Cop., Invoice No. 9250. The cost of the good sold is $1,800. . v Purchased office equipment for S2,230 cash from Logistic Co v Purchased office supplies on credit from Zallaq Co. for $2,500, terms 3/10, n'90. Question 18 of 18
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