CAN SOMEONE SHOW ME HOW TO MAKE A JOURNAL TABLE?? Selected accounts from the chart of accounts of Crane Company are shown below.101 Cash 401 Sales Revenue112 Accounts Receivable 412 Sales Returns and Allowances120 Inventory 414 Sales Discounts126 Supplies 505 Cost of Goods Sold157 Equipment 726 Salaries and Wages Expense201 Accounts Payable The cost of all merchandise sold was 60% of the sales price. During January, Crane completed the following transactions.Jan. 3 Purchased merchandise on account from Gallagher Co. $10,500.4 Purchased supplies for cash $80.4 Sold merchandise on account to Wheeler $5,670, invoice no. 371, terms 1/10, n/30.5 Returned $300 worth of damaged goods purchased on account from Gallagher Co. on January 3.6 Made cash sales for the week totaling $3,800.8 Purchased merchandise on account from Phegley Co. $5,000.9 Sold merchandise on account to Linton Corp. $5,300, invoice no. 372, terms 1/10, n/30.11 Purchased merchandise on account from Cora Co. $3,650.13 Paid in full Gallagher Co. on account less a 2% discount.13 Made cash sales for the week totaling $5,970.15 Received payment from Linton Corp. for invoice no. 372.15 Paid semi-monthly salaries of $13,000 to employees.17 Received payment from Wheeler for invoice no. 371.17 Sold merchandise on account to Delaney Co. $2,880, invoice no. 373, terms 1/10, n/30.19 Purchased equipment on account from Dozier Corp. $5,770.20 Cash sales for the week totaled $3,740.20 Paid in full Phegley Co. on account less a 2% discount.23 Purchased merchandise on account from Gallagher Co. $7,030.24 Purchased merchandise on account from Atchison Corp. $5,440.27 Made cash sales for the week totaling $4,620.30 Received payment from Delaney Co. for invoice no. 373.31 Paid semi-monthly salaries of $13,190 to employees.31 Sold merchandise on account to Wheeler $9,310, invoice no. 374, terms 1/10, n/30. Purchases JournalP1Inventory Dr.Ref. Accounts Payable Cr.DateAccount Credited(120)(201)>>>>>>>>>> Record and Post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries inthe order displayed in the problem statement.)Sales JournalS1Accounts ReceivableCost of Goods SoldInvoiceDr.Dr.DateAccount DebitedNo.Ref.Sales Revenue Cr.Inventory Cr.(112)(401)(505)(120)>

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Description: CAN SOMEONE SHOW ME HOW TO MAKE A JOURNAL TABLE?? Selected accounts from the chart of accounts of Crane Company are shown below.101 Cash 401 Sales Revenue112 Accounts Receivable 412 Sales Returns and Allowances120 Inventory 414 Sales Discounts126 Sup

1) Purchase Journal records the amount company needs to pay to the supplies, vendors for all of the…

Answered: Selected accounts from the chart of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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CAN SOMEONE SHOW ME HOW TO MAKE A JOURNAL TABLE??

Selected accounts from the chart of accounts of Crane Company are shown below.

101	Cash	401	Sales Revenue
112	Accounts Receivable	412	Sales Returns and Allowances
120	Inventory	414	Sales Discounts
126	Supplies	505	Cost of Goods Sold
157	Equipment	726	Salaries and Wages Expense
201	Accounts Payable

The cost of all merchandise sold was 60% of the sales price. During January, Crane completed the following transactions.

Jan. 3		Purchased merchandise on account from Gallagher Co. $10,500.
4		Purchased supplies for cash $80.
4		Sold merchandise on account to Wheeler $5,670, invoice no. 371, terms 1/10, n/30.
5		Returned $300 worth of damaged goods purchased on account from Gallagher Co. on January 3.
6		Made cash sales for the week totaling $3,800.
8		Purchased merchandise on account from Phegley Co. $5,000.
9		Sold merchandise on account to Linton Corp. $5,300, invoice no. 372, terms 1/10, n/30.
11		Purchased merchandise on account from Cora Co. $3,650.
13		Paid in full Gallagher Co. on account less a 2% discount.
13		Made cash sales for the week totaling $5,970.
15		Received payment from Linton Corp. for invoice no. 372.
15		Paid semi-monthly salaries of $13,000 to employees.
17		Received payment from Wheeler for invoice no. 371.
17		Sold merchandise on account to Delaney Co. $2,880, invoice no. 373, terms 1/10, n/30.
19		Purchased equipment on account from Dozier Corp. $5,770.
20		Cash sales for the week totaled $3,740.
20		Paid in full Phegley Co. on account less a 2% discount.
23		Purchased merchandise on account from Gallagher Co. $7,030.
24		Purchased merchandise on account from Atchison Corp. $5,440.
27		Made cash sales for the week totaling $4,620.
30		Received payment from Delaney Co. for invoice no. 373.
31		Paid semi-monthly salaries of $13,190 to employees.
31		Sold merchandise on account to Wheeler $9,310, invoice no. 374, terms 1/10, n/30.

Purchases Journal
P1
Inventory Dr.
Ref. Accounts Payable Cr.
Date
Account Credited
(120)(201)
>
>
>
>
>
>
>
>
>
>

Record and Post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries in
the order displayed in the problem statement.)
Sales Journal
S1
Accounts Receivable
Cost of Goods Sold
Invoice
Dr.
Dr.
Date
Account Debited
No.
Ref.
Sales Revenue Cr.
Inventory Cr.
(112)(401)
(505)(120)
>

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