Answer in all option Proctoring Enable11Which of the following sales would typically be reported as a cash sale?15:00Multiple ChoiceSale in exchange for office supplies receivedSale in exchange for equipment received.Sale on account.Sale with credit card.

Step 1)Based on the options provided, the following would typically be reported as a cash sale:"Sale…

Answered: Proctoring Enable 11 Which of the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 24MC: You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales...

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A customer just charged $150 of merchandise using MasterCard. 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
A customer just charged $150 of merchandise on the companys own charge 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
You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journal
If a customer pays with a credit card and the service has been provided, which of the following accounts will be used to record the sales entry for this transaction? A. Cost of Goods Sold, Merchandise Inventory, Sales Revenue B. Sales Revenue, Credit Card Expense, Accounts Receivable C. Accounts Receivable, Merchandise Inventory, Credit Card Expense D. Cost of Goods Sold, Credit Card Expense, Sales Revenue
Fiona sporty uses to purchases journal a cash payment journal ,a sale journal and a general journal indicate which journal the following transactions are most likely to be recorded Purchased inventories on credit Sales of inventory on credit Received payment of customer accounts Payment of monthly rent by cheque End of period closing enteries
Fill in the cash payments journal using the transactions below also.
7) When recording a customer credit card payment on account using QuickBooks, select:A) Create Invoice > Customer Payment > Customer & Job NameB) Create Sales Receipt > Record DepositsC) Receive Payment > Select Customer & Job Name > Select Payment Method and enter credit card informationD) Make Deposit > Select Customer & Job Name > Select Payment Method and enter credit card information Group of answer choices A B C D
PA4. 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 Receivable Merchandise Date Account Invoice No. Ref. CR Sales Inventory 2019 Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) Feb. 4 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 Sales Receivable, Discounts Sales, or Other Accounts CR 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
The shorthand notation on an invoice 2/10, n/30 is called the _______________. Group of answer choices accounts payable debit memo credit terms purchase order
Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.) i (Click the icon to view the transactions.) Jun Date 2024 Invoice No. Account Debited More info Jun. 1 Jun. 8 Customer Jun. 13 Jun. 28 Sales Journal Post. Ref. Accounts Receivable DR Sales Revenue CR Sold merchandise inventory on account to Ford Junk, $1,250. Cost of goods, $960. Invoice no. 101. Page Cost of Goods Sold DR Merchandise Inventory CR Sold merchandise inventory on account to Iris Fray, $2,250. Cost of goods, $1,650. Invoice no. 102. Sold merchandise inventory on account to Jack Tremane, $400. Cost of goods, $240. Invoice no. 103. Sold merchandise inventory on account to Gail White, $810. Cost of goods, $650. Invoice no. 104. Print Done X
Your options are: A B C D E F
Purchase Transactions and T AccountsUsing T accounts for Cash, Accounts Payable, Purchases, Purchases Returns and Allowances, Purchases Discounts, and Freight-In, enter the following purchase transactions. Identify each transaction with its corresponding letter. 1. Purchase of merchandise with cash. Post the transactions in the given order.Merchandise is purchased for cash, $1,100.Merchandise listed at $3,500, less a trade discount of 15%, is purchased for cash. Cash ________ | _______ ________ | _______ Purchases ______ | ______ ______ | ______ 2. uploded picture 3. up loaded picture 4. Purchase of merchandise with freight-in. A. Merchandise is purchased on account, $2,300 plus freight charges of $100. Terms of the sale were FOB shipping point. B. Payment is made for the cost of the merchandise and the freight charge. Cash Accounts Payable Purchases Freight- In

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Proctoring Enable 11 Which of the following sales would typically be reported as a cash sale? 15:00 Multiple Choice Sale in exchange for office supplies received Sale in exchange for equipment received. Sale on account. Sale with credit card.