Record the foliowing transactions as general Journal entries. Use the gross-price method. Aug. 6 Purchased $830 of merchandise on account from Johnston Co. Credit terms 2/10, n/30. Bought an $18,000 truck from Pllner Co., paying $3,000 down; balance on account. Purchased $2,611 of merchandise for cash from Pilliner and Co. Pald for the August 6 purchase of merchandise from Johnston Co. Purchased $1,743 of merchandise from Luls Co. Credit terms 2/10, n/30. 13 15 17 If an amount box does not require an entry, leave it blank. If required, round answers to the nearest cent. Page: 1 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 1 Aug. 6 2 3 Aug. 8 4 4 5 6 Aug. 13 6 8 Aug. 15 8 10 10 11 11 Aug. 17 12 12 1. 2. 9.

Record the foliowing transactions as general Journal entries. Use the gross-price method. Aug. 6 Purchased $830 of merchandise on account from Johnston Co. Credit terms 2/10, n/30. Bought an $18,000 truck from Pllner Co., paying $3,000 down; balance on account. Purchased $2,611 of merchandise for cash from Pilliner and Co. Pald for the August 6 purchase of merchandise from Johnston Co. Purchased $1,743 of merchandise from Luls Co. Credit terms 2/10, n/30. 13 15 17 If an amount box does not require an entry, leave it blank. If required, round answers to the nearest cent. Page: 1 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 1 Aug. 6 2 3 Aug. 8 4 4 5 6 Aug. 13 6 8 Aug. 15 8 10 10 11 11 Aug. 17 12 12 1. 2. 9.

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Description: Main.do?invoker=&takeAssignmentsRecord the following transactons as general journal entries. Use the gross-price method.Aug. 6Purchased $830 of merchandise on account from Johnston Co. Credit terms 2/10,/30.Bought an $18,000 truck from Pillner Co.,

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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15-Ms. Bushra sold Merchandise inventory worth OMR 50,000 for credit. Which books of prime entry will record the above transaction? a. Purchase journal b. General journal c. Cash disbursement journal d. Sales journal
Brown Inc. records purchases in a purchases journal and purchase returns in the general journal. Oct. 1 Purchased inventory on account from Price Inc. for $2,000. Oct. 3 Purchased inventory on account from Cabrera Inc. for $3,000. Oct. 8 Returned half of the inventory to Price Inc. Oct. 9 Purchased inventory on account from Price Inc. for $4,200. Record the above transactions using a purchases journal, a general journal, and an accounts payable subsidiary ledger. The company uses the periodic method of accounting for inventory. If an amount box does not require an entry, leave it blank. Page: 121 DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT 1 Oct. 8 Accounts Receivable-Cabrera Inc. Accounts Receivable-Cabrera Inc. 1 2 Accounts Payable-Price Inc. Accounts Payable-Price Inc. 2 PURCHASES JOURNAL Page: 113 Date Account PurchaseOrder No. Ref. MerchandiseInventory DR AccountsPayable CR 2019 Oct. 1 fill…
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Journal entries.
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