PA4. LO 7.4 Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiaryledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.SALES JOURNALPage 79DR COGS CRMerchandiseDR Accts.ReceivableDateAccountInvoice No.Ref.CR SalesInventory2019Feb. 4Evert Company (E123)King Inc. (K331)Martina Inc. (M132)174331,000.00Feb. 817434775.30Feb. 14174352,301.99Feb. 16Shriver Company (S101)17436500.00SALES JOURNALPage 102AccountsReceivable,Discounts Sales, or OtherSalesDateAccountInvoice No.Ref.Cash DRDRAccounts CR2019Feb. 1Cash Sales465465Payment from EvertFeb. 15 Bank loan (230)Feb. 51723980201,0002,0002,000Feb. 21 Payment from Shriver Co.1719500500

Name: PA4. LO 7.4 Use the journals and ledgers that follow. Total the journ
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Description: PA4. LO 7.4 Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiaryledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.SALES JOURNALPage 79DR COGS

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Business

Accounting

PA4. LO 7.4 Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable. SALES JOURNAL Page 79 DR Accts. DR COGS CR Merchandise Receivable CR Sales Date Account Invoice No. Ref. Inventory 2019 Feb. 4 Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) 17433 1,000.00 Feb. 8 17434 775.30 Feb. 14 17435 2,301.99 Feb. 16 17436 500.00 SALES JOURNAL Page 102 Accounts Receivable, Discounts Sales, or Other Accounts CR Sales Date Account Invoice No. Ref. Cash DR DR 2019 Feb. 1 Cash Sales 465 465 Payment from Evert Feb. 15 Bank loan (230) Feb. 21 Payment from Shriver Co. Feb. 5 1723 980 20 1,000 2,000 2,000 1719 500 500

PA4. LO 7.4 Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable. SALES JOURNAL Page 79 DR Accts. DR COGS CR Merchandise Receivable CR Sales Date Account Invoice No. Ref. Inventory 2019 Feb. 4 Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) 17433 1,000.00 Feb. 8 17434 775.30 Feb. 14 17435 2,301.99 Feb. 16 17436 500.00 SALES JOURNAL Page 102 Accounts Receivable, Discounts Sales, or Other Accounts CR Sales Date Account Invoice No. Ref. Cash DR DR 2019 Feb. 1 Cash Sales 465 465 Payment from Evert Feb. 15 Bank loan (230) Feb. 21 Payment from Shriver Co. Feb. 5 1723 980 20 1,000 2,000 2,000 1719 500 500

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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Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies) a (Click the icon to view the transactions.) Purchases Journal Page 6 Other Accounts DR Vendor Post. Accounts Merchandise Office Account Post. Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title Ref. Amount 2024 Oct. More Info Oct. 1 Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milk Co., $2.700, Oct. 11 Purchased office supplies on account from Book Co., $400. Terms were n/EOM. Oct. 24 Purchased furniture on account with credit terms of 4/10, n/60 from Slip Co., $1,600. Print Done
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78.
Fill in the missing amounts in the accounts payable subsidiary ledgers for Al's Tractor Supply. NAME: B. Mario ACCOUNTS PAYABLE LEDGER ADDRESS: 1230 Rose Ave, Watertown, WI 53094 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 8 P7 1,900.00 1,900.00 July 15 J3 400.00 NAME: Denson & Soldner ACCOUNTS PAYABLE LEDGER ADDRESS: 111 Chase St, Johnson Creek, WI 53081 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 3 P7 3,100.00 3,100.00 July 13 CP9 3,100.00 July 29 P7 3,460.00 ACCOUNTS PAYABLE LEDGER NAME: Hutchinson Supplies ADDRESS: 1985 County Road, Lake Mills, WI 53577 DATE TTEM POST. REF. DEBIT CREDIT BALANCE
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