Journalize each of the following transactions assuming a perpetual Inventory system and PST at 8% along with 5% GST.June 1 Purchased $2,000 of merchandise; terms 1/10, n/3e.5 Sold $1,000 of merchandise for $1,480; terms n/15.View transaction listJournal entry worksheet23Record the credit purchase.Note: Enter debits before credits.DateGeneral JournalDebitCreditJune 01Record entryClear entryView general journal

Journal entries are entries that are passed at the first step of accounting process. In this…

ournalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June 1 Purchased $2,eee of merchandise; terms 1/18, n/30. 5 sold $1,ee0 of merchandise for $1,480; terms n/1s. View transaction list Journal entry worksheet 2 3 > Record the credit purchase. Note: Enter debits before credits.

ournalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June 1 Purchased $2,eee of merchandise; terms 1/18, n/30. 5 sold $1,ee0 of merchandise for $1,480; terms n/1s. View transaction list Journal entry worksheet 2 3 > Record the credit purchase. Note: Enter debits before credits.

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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You are to enter up the sale, purchases, return inwards and returns outwards day book" from the following details. then to post the items to the relevant accounts in the sales and purchases ledgern, The total of the day books are then to be transferred to the account in the general Ledger. 2009 in drawing May 1 Credit sales: T 0mpson Tshs 56,000; L Rodriguez Tshs 148,000; K Barton Tshs 145.000. 3 Credit purchase: P Potter 144.000'. H Harris Tshs 25000 Spencer Tshs 76.000. 7 credit sales K Kelly 89.000; N Mendes Toho 78.000; N lee Tshs 237,000. 9 Credit purchases: B Perkins 24,000; H Haris Tshs 58000 H miles Tshs 123000 11 Good return by to: p Potter Tshs 12000 B. Spencer Tshs22.000. 14 Goods returned to by: T. Thompson Tshs 5.000; K Barton Tshs 11,000; K Kelly Tshs 14000. 17 Credit purchases: H Harris Tshs 54,000; B Perkins Tshs 65000L Nixon Tshs 75.000. 20 Goods returned by us to B Spences Tshs 14000 24 credit sales: K Muhammed Tshs 57000 , K Kelly Tshs 65000, O . Green Tshs 112000 28…
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Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June (1) Purchased $2,000 of merchandise; terms 1/10, n/30. (5) Sold $ 1,000 of merchandise for $1,400; terms n/15. Please answers in Journal entry worksheet
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