Question (5)You are required to enter the following transactionsin the books of Mo Ryan:1-Aug Started in business with $7,000 in the bank s2- Aug Paid rent by cheque $ 280.5-Aug Purchased goods on credit $ 520 from R Lester8-Aug Bought Fixtures and fitting by cheque $ 17012- Aug Returned goods to R Lester $ 45.15- Aug Sold goods on credit to D Langford $ 265.19- Aug Mo Ryan withdraw from bank for private use $ 16022-Aug D Langford returned goods $ 30.24-Aug Drew from bank for office cash $ 240.26- Aug Paid R Lester by cheque the amount owing28-Aug Received cheques $ 100 on account from D Langford30-Aug Paid wages in cash $ 16031-Aug Bought office equipment by cheque $ 215

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Description: Question (5)You are required to enter the following transactionsin the books of Mo Ryan:1-Aug Started in business with $7,000 in the bank s2- Aug Paid rent by cheque $ 280.5-Aug Purchased goods on credit $ 520 from R Lester8-Aug Bought Fixtures and

The journal entries are prepared to keep the record of day to day transactions of the business on…

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ou are required to enter the following transactic n the books of Mo Ryan: - Aug Started in business with $7,000 in the bank 2-Aug Paid rent by cheque $ 280. - Aug Purchased goods on credit $ 520 from R Lester - Aug Bought Fixtures and fitting by cheque $ 170 2- Aug Returned goods to R Lester $ 45. 5- Aug Sold goods on credit to D Langford $ 265. 9- Aug Mo Ryan withdraw from bank for private use $ 160 22-Aug D Langford returned goods $ 30. 24-Aug Drew from bank for office cash $ 240. 26- Aug Paid R Lester by cheque the amount owing 28- Aug Received cheques $ 100 on account from D Langford 30-Aug Paid wages in cash $ 160 1- Aug Bought office equipment by cheque $ 215 Cass

ou are required to enter the following transactic n the books of Mo Ryan: - Aug Started in business with $7,000 in the bank 2-Aug Paid rent by cheque $ 280. - Aug Purchased goods on credit $ 520 from R Lester - Aug Bought Fixtures and fitting by cheque $ 170 2- Aug Returned goods to R Lester $ 45. 5- Aug Sold goods on credit to D Langford $ 265. 9- Aug Mo Ryan withdraw from bank for private use $ 160 22-Aug D Langford returned goods $ 30. 24-Aug Drew from bank for office cash $ 240. 26- Aug Paid R Lester by cheque the amount owing 28- Aug Received cheques $ 100 on account from D Langford 30-Aug Paid wages in cash $ 160 1- Aug Bought office equipment by cheque $ 215 Cass

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 3AP

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An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
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