Homework Help is Here – Start Your Trial Now!
Business
Accounting
jorunalize the transactions

jorunalize the transactions

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
Question

jorunalize the transactions 

LE Copy Sc Replace Paste Editor BIU- ab x, x A- I - A - I Normal I No Spac. Heading 1 Heading 2 Title Subtitle A Select v Format Painter Clipboard Font Paragraph Styles Editing Editor I.2. • 1Y : 2: 3. 1 4. L· 5· • 6.I. 7: | 9. I. 10. I ·11. . 12 13 14 . L. 15. I. 16 . 18 .I 19 March 2 Purchased supplies for cash, P7,000 6 Purchased merchandise on account, 2/10, n/30, P18,000 8 Returned one third of the inventory purchased in March 6 10 Sold goods for cash, P15,000 15 Sold goods on account, terms 2/15, n/30 P25,000 16 Paid the amount owed from the purchase on March 6 17 Received inventory returned from March 15 sale, P2,000 19 Purchased inventor of P30,000 on account, terms 2/10.n/30 29 Borrowed P32,000 from the bank and paid the purchase made on March 19. Signed a note payable to the bank. 30 Received cash from the customers who purchased on March 15 Page 5 of 14 2265 words R English (United States) O Focus 124% 16 Leave Unmute Start Video Participants Chat Share Screen Record Reactions Apps
Transcribed Image Text:LE Copy Sc Replace Paste Editor BIU- ab x, x A- I - A - I Normal I No Spac. Heading 1 Heading 2 Title Subtitle A Select v Format Painter Clipboard Font Paragraph Styles Editing Editor I.2. • 1Y : 2: 3. 1 4. L· 5· • 6.I. 7: | 9. I. 10. I ·11. . 12 13 14 . L. 15. I. 16 . 18 .I 19 March 2 Purchased supplies for cash, P7,000 6 Purchased merchandise on account, 2/10, n/30, P18,000 8 Returned one third of the inventory purchased in March 6 10 Sold goods for cash, P15,000 15 Sold goods on account, terms 2/15, n/30 P25,000 16 Paid the amount owed from the purchase on March 6 17 Received inventory returned from March 15 sale, P2,000 19 Purchased inventor of P30,000 on account, terms 2/10.n/30 29 Borrowed P32,000 from the bank and paid the purchase made on March 19. Signed a note payable to the bank. 30 Received cash from the customers who purchased on March 15 Page 5 of 14 2265 words R English (United States) O Focus 124% 16 Leave Unmute Start Video Participants Chat Share Screen Record Reactions Apps
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS