Please solve as requested. Do not understand how this shall be done. EB7. LO 7.3 Record the following transactions in the cash disbursements journal:Paid Duke Mfg (account number D101) $980 for inventory purchased on Feb.27 for $1,000. Duke Mfg offered terms of 2/10, n/30, and you paid within thediscount period using check #4012.Mar. 1Paid Emergency Plumbing $450. They just came to fix the leak in the coffeeroom. Give them account number E143. Use check #4013 and debit the Repairsand Maintenance account, #655.Mar. 3Used check #4014 to pay Wake Mfg (account number W210) $1,684 forinventory purchased on Feb. 25, no terms offered.Mar. 5

Cash disbursements journal is represents the details of cash transactions which took place during a…

EB7. LO 7.3 Record the following transactions in the cash disbursements journal: Mar. 1 Paid Duke Mfg (account number D101) $980 for inventory purchased on Feb. 27 for $1,000. Duke Mfg offered terms of 2/10, n/30, and you paid within the discount period using check #4012. Mar. 3 Paid Emergency Plumbing $450. They just came to fix the leak in the coffee room. Give them account number E143. Use check #4013 and debit the Repairs and Maintenance account, #655. Mar. 5 Used check #4014 to pay Wake Mfg (account number W210) $1,684 for inventory purchased on Feb. 25, no terms offered.

EB7. LO 7.3 Record the following transactions in the cash disbursements journal: Mar. 1 Paid Duke Mfg (account number D101) $980 for inventory purchased on Feb. 27 for $1,000. Duke Mfg offered terms of 2/10, n/30, and you paid within the discount period using check #4012. Mar. 3 Paid Emergency Plumbing $450. They just came to fix the leak in the coffee room. Give them account number E143. Use check #4013 and debit the Repairs and Maintenance account, #655. Mar. 5 Used check #4014 to pay Wake Mfg (account number W210) $1,684 for inventory purchased on Feb. 25, no terms offered.

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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