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|| 13 14 15 16 17 18 A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. D. v Purchased office supplies on credit from Muharraq Co. for A. Sales Journal $20,500, terms 3/10, n/90. C. - Purchased equipment for $23,200 cash from Logistic Co. B. Cash receipts Journal C. Cash payments Journal E. - Returned defective office supplies with a cost of $7,000 from the last month purchase. D. Purchase Journal A. - Sold merchandise on credit for S32,700 to Golden Corp., Invoice No. 950. The cost of the good sold is $5,000. E. General journal C. Paid S60,000 cash for monthly rents for the factory, Check No. 550. v Borrowed $400.000 from National Bank of Bahrain on a long- term note payable. v Collected S55,600 from Esterad Corp. for merchandise sold in the last-three months. v Purchased S84,000 of merchandise inventory on credit from Majestic Company, terms 2/10, n/60. Invoice No. 720.

|| 13 14 15 16 17 18 A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. D. v Purchased office supplies on credit from Muharraq Co. for A. Sales Journal $20,500, terms 3/10, n/90. C. - Purchased equipment for $23,200 cash from Logistic Co. B. Cash receipts Journal C. Cash payments Journal E. - Returned defective office supplies with a cost of $7,000 from the last month purchase. D. Purchase Journal A. - Sold merchandise on credit for S32,700 to Golden Corp., Invoice No. 950. The cost of the good sold is $5,000. E. General journal C. Paid S60,000 cash for monthly rents for the factory, Check No. 550. v Borrowed $400.000 from National Bank of Bahrain on a long- term note payable. v Collected S55,600 from Esterad Corp. for merchandise sold in the last-three months. v Purchased S84,000 of merchandise inventory on credit from Majestic Company, terms 2/10, n/60. Invoice No. 720.

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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13 14 15 16 17 18 A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. D. v Purchased office supplies on credit from Muharraq Co. for A. Sales Journal $20,500, terms 3/10, n/90. C. v Purchased equipment for $23,200 cash from Logistic Co. B. Cash receipts Journal C. Cash payments Journal E. - Returned defective office supplies with a cost of $7,000 from the last month purchase. D. Purchase Journal A. v Sold merchandise on credit for S32,700 to Golden Corp.., Invoice No. 950. The cost of the good sold is $5,000. E. General journal C. v Paid S60,000 cash for monthly rents for the factory, Check No. 550. v Borrowed $400,000 from National Bank of Bahrain on a long- term note payable. v Collected $55,600 from Esterad Corp. for merchandise sold in the last-three months. v Purchased $84,000 of merchandise inventory on credit from Majestic Company, terms 2/10, n/60. Invoice No. 720,
Transcribed Image Text:13 14 15 16 17 18 A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. D. v Purchased office supplies on credit from Muharraq Co. for A. Sales Journal $20,500, terms 3/10, n/90. C. v Purchased equipment for $23,200 cash from Logistic Co. B. Cash receipts Journal C. Cash payments Journal E. - Returned defective office supplies with a cost of $7,000 from the last month purchase. D. Purchase Journal A. v Sold merchandise on credit for S32,700 to Golden Corp.., Invoice No. 950. The cost of the good sold is $5,000. E. General journal C. v Paid S60,000 cash for monthly rents for the factory, Check No. 550. v Borrowed $400,000 from National Bank of Bahrain on a long- term note payable. v Collected $55,600 from Esterad Corp. for merchandise sold in the last-three months. v Purchased $84,000 of merchandise inventory on credit from Majestic Company, terms 2/10, n/60. Invoice No. 720,
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