QUESTION 13 The Sears company had the following business transactions during December: Required: Match the appropriate special journais with the business transactions. Write the correct letter from the special journal in the table be 8. v Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. B. Purchases journal C. Cash Payment journal 167. Cv Purchased merchandise on credit for $3,500 from Juffair Company, D.Cash Receipt journal terms 3/15, n/60. D. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. Av Paid the amount owed to ABC Company. Check No. 187. QUESTION 14 Hawk Company establishes a $350 petty cash fund on Septomber 9. The journal entry to establish the fund is: • Dr potty cash account and Cr cash account, 350 O Dr petty cash account and Cr petty cash expense account 350 O Dr cash account and Cr petty cash account, 350 O Dr petty cash expense account and Cr petty cash account 350
QUESTION 13 The Sears company had the following business transactions during December: Required: Match the appropriate special journais with the business transactions. Write the correct letter from the special journal in the table be 8. v Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. B. Purchases journal C. Cash Payment journal 167. Cv Purchased merchandise on credit for $3,500 from Juffair Company, D.Cash Receipt journal terms 3/15, n/60. D. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. Av Paid the amount owed to ABC Company. Check No. 187. QUESTION 14 Hawk Company establishes a $350 petty cash fund on Septomber 9. The journal entry to establish the fund is: • Dr potty cash account and Cr cash account, 350 O Dr petty cash account and Cr petty cash expense account 350 O Dr cash account and Cr petty cash account, 350 O Dr petty cash expense account and Cr petty cash account 350
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer 4 ,13 and 14 (all multiple choice) i have 15 miutes to answer fastttt
Transcribed Image Text:QUESTION 13
The Sears company had the following business transactions during December:
Required:
Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below.
8. v Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal
of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No.
B. Purchases joumal
C. Cash Payment journal
167.
Cv Purchased merchandise on credit for $3,500 from Juffair Company, D.Cash Receipt journal
terms 3/15, n/60.
D. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145.
The cost of the goods sold is $400.
Av Paid the amount owed to ABC Company. Check No. 187.
QUESTION 14
Hawk Company establishes a $350 petty cash fund on Septomber 9. The journal entry to establish the fund is
O Dr potty cash account and Cr cash account, 350
O Dr petty cash account and Cr petty cash expense account 350
O Dr cash account and Cr petty cash account, 350
O Dr petty cash expense account and Cr petty cash account 350
Transcribed Image Text:QUESTION 4
Assumo that tho Petty Cashier of a $400 petty cash fund has $340 in cash plus $60 in rocepts at the end of the month The entry to replonish (rembunse) the potty cash fund wil
nclude
A crodit to Cash for $60
O A dobit to Cash for $340
O A credit to Cash for $340
O A debit to Cash for $00
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