R. Sunland Co. uses special journals and a general journal. The following transactions occurred during May 2020. May 1 R. Sunland invested $46,900 cash in the business. 2 Sold merchandise to Lawrie Co. for $6,530 cash. The cost of the merchandise sold was $4,470. 3 Purchased merchandise for $6,940 from J. Moskos using check no. 101. 14 Paid salary to H. Rivera $715 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $965, terms n/30. The cost of the merchandise sold was $550. 22 A check of $9,380 is received from M. Mangini in full for invoice 101; no discount given.
R. Sunland Co. uses special journals and a general journal. The following transactions occurred during May 2020. May 1 R. Sunland invested $46,900 cash in the business. 2 Sold merchandise to Lawrie Co. for $6,530 cash. The cost of the merchandise sold was $4,470. 3 Purchased merchandise for $6,940 from J. Moskos using check no. 101. 14 Paid salary to H. Rivera $715 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $965, terms n/30. The cost of the merchandise sold was $550. 22 A check of $9,380 is received from M. Mangini in full for invoice 101; no discount given.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I NEED HELP MAKING A TABLE, CAN SOMEONE HELP ME PLEASE ?
R. Sunland Co. uses special journals and a general journal. The following transactions occurred during May 2020.
| May 1 | R. Sunland invested $46,900 cash in the business. | |
|---|---|---|
| 2 | Sold merchandise to Lawrie Co. for $6,530 cash. The cost of the merchandise sold was $4,470. | |
| 3 | Purchased merchandise for $6,940 from J. Moskos using check no. 101. | |
| 14 | Paid salary to H. Rivera $715 by issuing check no. 102. | |
| 16 | Sold merchandise on account to K. Stanton for $965, terms n/30. The cost of the merchandise sold was $550. | |
| 22 | A check of $9,380 is received from M. Mangini in full for invoice 101; no discount given. |
Transcribed Image Text:Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record
entries in the order presented in the problem statement.)
R. SUNLANDCO.
Cash Payments Journal
Ref.
Other Accounts Dr.
Accounts Payable Dr.
Inventory Cr.
Cash Cr.
Transcribed Image Text:R. SUNLANDCO.
Cash Payments Journal
Date
Ck. No.
Account Debited
Ref.
Other Accounts Dr.
Accounts P:
2020
>
>
>
>
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
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.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education