|| 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Q16 ,n

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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