EJ-6 Norren Company uses special journals and a general journal. The following transactions Record tran occurred during September 2017. and purcha: Sept. 2 (LO 2), AP 10 12 21 25 27 Sold merchandise on account to J. Yancey, invoice no. 101, $780, terms n/30. The cost of the merchandise sold was $420. Purchased merchandise on account from H. Heerey $600, terms 2/10, n/30. Purchased office equipment on account from Y. Kojima $6,500. Sold merchandise on account to K. Pricer, invoice no. 102 for $800, terms 2/10, n/30. The cost of the merchandise sold was $480. Purchased merchandise on account from G. Jeanik $835, terms n/30. Sold merchandise to D. Schaff for $700 cash. The cost of the merchandise sold was $400. Instructions (a) Prepare a sales journal (see Illustration J-6) and a single-column purchases journal (see Illustration J-12). (Use page 1 for each journal.) (b) Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.

EJ-6 Norren Company uses special journals and a general journal. The following transactions Record tran occurred during September 2017. and purcha: Sept. 2 (LO 2), AP 10 12 21 25 27 Sold merchandise on account to J. Yancey, invoice no. 101, $780, terms n/30. The cost of the merchandise sold was $420. Purchased merchandise on account from H. Heerey $600, terms 2/10, n/30. Purchased office equipment on account from Y. Kojima $6,500. Sold merchandise on account to K. Pricer, invoice no. 102 for $800, terms 2/10, n/30. The cost of the merchandise sold was $480. Purchased merchandise on account from G. Jeanik $835, terms n/30. Sold merchandise to D. Schaff for $700 cash. The cost of the merchandise sold was $400. Instructions (a) Prepare a sales journal (see Illustration J-6) and a single-column purchases journal (see Illustration J-12). (Use page 1 for each journal.) (b) Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.

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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