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Accounting
Journalize the following transactions for Evans Company. Assume the company uses a perpetual inventory system. (a) Sold merchandise for $645 cash. The cost of merchandise sold was $375. (b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195. (c) Sold merchandise on account for $670. The cost of merchandise sold was $438. (d) Paid credit card fees for the month of $85. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. (a) (b) (c) (d)

Journalize the following transactions for Evans Company. Assume the company uses a perpetual inventory system. (a) Sold merchandise for $645 cash. The cost of merchandise sold was $375. (b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195. (c) Sold merchandise on account for $670. The cost of merchandise sold was $438. (d) Paid credit card fees for the month of $85. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. (a) (b) (c) (d)

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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Journalize the following transactions for Evans Company. Assume the company uses a perpetual inventory system. (a) Sold merchandise for $645 cash. The cost of merchandise sold was $375. (b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195. (c) Sold merchandise on account for $670. The cost of merchandise sold was $438. (d) Paid credit card fees for the month of $85. If an amount box does not require an entry, leave it blank.
Transcribed Image Text:Journalize the following transactions for Evans Company. Assume the company uses a perpetual inventory system. (a) Sold merchandise for $645 cash. The cost of merchandise sold was $375. (b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195. (c) Sold merchandise on account for $670. The cost of merchandise sold was $438. (d) Paid credit card fees for the month of $85. If an amount box does not require an entry, leave it blank.
If an amount box does not require an entry, leave it blank. (a) (b) (c) (d)
Transcribed Image Text:If an amount box does not require an entry, leave it blank. (a) (b) (c) (d)
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