e File Edit View History Bookmarks Profiles Tab Window Help с M Inbox (2 x | M ACC101 (4726) X Account x| Account X M Question X WiConnect x Content × ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fw Chapter 7 Quiz i Saved 9 Exercise 7-8 (Algo) Identifying journal of entry LO P1, P2, P3, P4 Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. 12.12 points Date Transaction April 3 The company borrowed $4,500 cash by signing a note payable to the Utah Bank. April 9 Sold merchandise costing $2,280 to J. Verland for $3,150 on credit, terms n/10. Ask April 12 Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 60 days. April 17 Purchased $1,740 of merchandise on credit from Kirkpatrik, terms n/15. April 20 The company received $980 cash from J. Than in payment of the November 7 purchase.. April 28 Purchased $392 of store supplies from Bryce Company on credit, terms n/30. April 29 The company paid salaries of $1,650 in cash. April 30 The company paid salaries and wages of $2,890 in cash. Mc Graw ← 12.001 18 → с Journal < Prev 9 of 10 Next > tv N A G Search or type URL
e File Edit View History Bookmarks Profiles Tab Window Help с M Inbox (2 x | M ACC101 (4726) X Account x| Account X M Question X WiConnect x Content × ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fw Chapter 7 Quiz i Saved 9 Exercise 7-8 (Algo) Identifying journal of entry LO P1, P2, P3, P4 Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. 12.12 points Date Transaction April 3 The company borrowed $4,500 cash by signing a note payable to the Utah Bank. April 9 Sold merchandise costing $2,280 to J. Verland for $3,150 on credit, terms n/10. Ask April 12 Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 60 days. April 17 Purchased $1,740 of merchandise on credit from Kirkpatrik, terms n/15. April 20 The company received $980 cash from J. Than in payment of the November 7 purchase.. April 28 Purchased $392 of store supplies from Bryce Company on credit, terms n/30. April 29 The company paid salaries of $1,650 in cash. April 30 The company paid salaries and wages of $2,890 in cash. Mc Graw ← 12.001 18 → с Journal < Prev 9 of 10 Next > tv N A G Search or type URL
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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History
Bookmarks
Profiles Tab
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с
M Inbox (2 x | M ACC101
(4726) X
Account x| Account X
M Question X
WiConnect x
Content
×
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fw
Chapter 7 Quiz i
Saved
9
Exercise 7-8 (Algo) Identifying journal of entry LO P1, P2, P3, P4
Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the
journal in which each of the transactions should be recorded.
12.12
points
Date
Transaction
April 3 The company borrowed $4,500 cash by signing a note payable to the Utah Bank.
April 9 Sold merchandise costing $2,280 to J. Verland for $3,150 on credit, terms n/10.
Ask
April 12
Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 60
days.
April 17 Purchased $1,740 of merchandise on credit from Kirkpatrik, terms n/15.
April 20 The company received $980 cash from J. Than in payment of the November 7 purchase..
April 28 Purchased $392 of store supplies from Bryce Company on credit, terms n/30.
April 29 The company paid salaries of $1,650 in cash.
April 30 The company paid salaries and wages of $2,890 in cash.
Mc
Graw
←
12.001
18
→
с
Journal
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9 of 10
Next >
tv N
A
G Search or type URL
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