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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

please answer 4 ,13 and 14 (all multiple choice) i have 15 miutes to answer fastttt

 
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 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
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
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
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Rate Of Return
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education