3 Sandra began collecting transaction detals to see if the same items were in each sales transaction.Transaction CoffeeTeaSconeMuffinCookieNoYesNoYesNoNoYesNoNoYesMultiple ChoiceMatching Coefficient 0.40 and Jaccard's 0.50Matching Coefficient 0.60 and Jaccard's 0.40Matching Coefficient 0.60 and Jaccard's 0.33Matching Coefficient 0.40 and Jaccard's 0.40

Matching coefficient is ratio of number of matching pairs to total number of pairs. Jaccard's…

Answered: Sandra began collecting transaction…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.2C

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Complete this question by entering your answers In the tabs below. Required 1 Required 2 Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar.) www Vlew transaction Ilist Journal entry worksheet 2. 3. 4 9. Sold two items of merchandise to Customer B, who charged the $570 sales price on her Visa credit card. Visa charges Hailey a 2 percent credit card fee. Note: Enter debits before credits. Date General Journal Debit Credit November 20 Vlew general Journal Clear entry Record entry 5,
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.) A (Click the icon to view the transactions.) Sales Journal Page Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. More Info Jun. 1 Sold merchandise inventory on account to Fred Jig, $1,270. Cost of goods, $1,000. Invoice no. 101. Jun. 8 Sold merchandise inventory on account to lan Frog, $2,225. Cost of goods, $1,580. Invoice no. 102. Jun. 13 Sold merchandise inventory on account to Jillian Trump, $380. Cost of goods, $300. Invoice no. 103. Jun. 28 Sold merchandise inventory on account to Glen Whitney, $900. Cost of goods, $610. Invoice no. 104. Print Done
Hi, I submitted this question earlier but received feedback that the attachment of the question I sent wasn't very clear so I'm trying again. I took the screen grab again as well have copied and pasted the question directly as well. It's asking to journalize the transactions. Hope this is better than the last time. Thanks!The following were selected from among the transactions completed by Babcock Company during November of the current year:Nov. 3 Purchased merchandise on account from Moonlight Co., list price $88,000, trade discount 20%, terms FOB destination, 2/10, n/30.4 Sold merchandise for cash, $41,250. The cost of the merchandise sold was $22,250.5 Purchased merchandise on account from Papoose Creek Co., $43,700, terms FOB shipping point, 2/10, n/30, with prepaid freight of $840 added to the invoice.6 Returned $13,600 ($17,000 list price less trade discount of 20%) of merchandise purchased on November 3 from Moonlight Co.8 Sold merchandise on account to Quinn Co., $16,100 with…
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.) A (Click the icon to view the transactions.) Sales Journal Page 1 Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR More Info Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. 1 Sold merchandise inventory on account to Flynn Jackson, $1,240. Cost of goods, $920. Invoice no. 101. Jun. Sold merchandise inventory on account to Irene Far, $2,050. Cost of goods, $1,630. Invoice no. 102. Jun. 8 Jun. 13 Sold merchandise inventory on account to Jason Trip, $320. Cost of goods, $230. Invoice no. 103 Jun. 28 Sold merchandise inventory on account to Grace Wright, $840. Cost of goods, $640. Invoice no. 104. Print Done
Select all that apply A partial Sales Journal for ABC Co. is shown below. Show how to post these transactions into the general ledger by selecting the correct actions below. (Check all that apply.) Account Debited PR Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Sparky's 1000 300 Q-Mart 3,500 800 Totals $4,500 $1,100 Multiple select question. A $4,500 credit is posted to the Sales account in the general ledger. An $1,100 debit is posted to the Cost of Goods Sold account in the general ledger. The account number of the Sales account is entered below the Accounts Receivable Dr./Sales Cr. column. A $1,000 debit is posted to the Accounts Receivable account in the general ledger on Mar. 4. An "S" is posted in the PR columns of the general ledger after posting is completed. A check mark is posted in the PR columns of the general ledger after posting is completed.
Nguyen Company uses a single-column purchases journal to record transactions with its suppliers. The company uses a multi-column cash payments journal.For each of the following transactions, indicate (a) the journal, and (b) the columns in the journal that should be used in recording each transaction. (Enter answers in alphabetical order.) (b)Columns in the Journal Transactions (a)Journal Dr. Cr. 1. Purchased merchandise on account. select a journal Cash PaymentsCash ReceiptsGeneralPurchasesSales select a debit column InventoryAccounts PayableSales ExpenseAccounts ReceivableOther AccountsSales RevenueCost of Goods SoldCash select a credit column Accounts ReceivableSales RevenueAccounts PayableCost of Goods SoldCashInventorySales ExpenseOther Accounts 2.…
When a customer returns merchandise previously purchased on credit, the entry for the seller to record the return requires a debit to the _________ account and a credit to the __________ account? Save for Later
For each of the following statements, fill in the blanks with the correct account names. A retailer purchases merchandise on credit. The retailer would recognize this transaction by debiting _____ and crediting _______. A retailer pays for purchased merchandise within the discount window. The retailer would recognize this transaction by debiting ________ and crediting _________ and ________. A customer returns merchandise to the retailer and receives a full refund. The retailer would recognize this transaction by debiting _________ and crediting _________ if the customer had not yet paid on their account. A customer pays for purchased merchandise within the discount window. The retailer would recognize this transaction by debiting ________ and _______, and crediting _________.
If a company uses a multi-column purchases journal, which of the following possibleheadings for debit columns of the journal wouldnot be appropriate? a. merchandise inventory b. office supplies c. accounts payable d. store supplies
Please prepare journal entry also check plagiarism no plagiarism please
All of the following information pertains to Greens Grocery. Match each of the following parts of Greens accounting information system in the left-hand column with the appropriate item(s) from the righthand column. You may use items in the right-hand column more than once or not at all. There may be several answers for each item in the left-hand column.
Complete all requirements in pic

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Sandra began collecting transaction details to see if the same Items were in each sales transact Transaction Coffee Tea Scone Muffin Cookie No Yes No Yes No No Yes No No Yes 2.