Sept. 5 Issued Check No. 318 to Clausen Corp. for merchandise purchased August 28, $5,000, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to McGonigle Co. for merchandise purchased September 2, $8,400, terms 1/10, n/30. A credit memo had previously been received from McGonigle Co. for merchandise returned, $400. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Elite Systems for merchandise purchased August 19, $4,600, terms n/30. 27 Issued Check No. 321 to Glenn Falls for merchandise purchased September 17, $7,000, terms 2/10, n/30. Payment is made within the discount period. Page: 1 DATE CK. NO. ACCOUNT DEBITED POST. REF. GENERAL ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNTS CREDIT CASH CREDIT DEBIT 1 fill in the blank 2 Clausen Corp. fill in the blank 4 fill in the blank 5 fill in the blank 6 fill in the blank 7 1 2 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 13 fill in the blank 14 2 3 fill in the blank 16 fill in the blank 18 fill in the blank 19 fill in the blank 20 fill in the blank 21 3 4 fill in the blank 23 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 4
Sept. 5 Issued Check No. 318 to Clausen Corp. for merchandise purchased August 28, $5,000, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to McGonigle Co. for merchandise purchased September 2, $8,400, terms 1/10, n/30. A credit memo had previously been received from McGonigle Co. for merchandise returned, $400. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Elite Systems for merchandise purchased August 19, $4,600, terms n/30. 27 Issued Check No. 321 to Glenn Falls for merchandise purchased September 17, $7,000, terms 2/10, n/30. Payment is made within the discount period. Page: 1 DATE CK. NO. ACCOUNT DEBITED POST. REF. GENERAL ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNTS CREDIT CASH CREDIT DEBIT 1 fill in the blank 2 Clausen Corp. fill in the blank 4 fill in the blank 5 fill in the blank 6 fill in the blank 7 1 2 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 13 fill in the blank 14 2 3 fill in the blank 16 fill in the blank 18 fill in the blank 19 fill in the blank 20 fill in the blank 21 3 4 fill in the blank 23 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Sept. 5 | Issued Check No. 318 to Clausen Corp. for merchandise purchased August 28, $5,000, terms 2/10, n/30. Payment is made within the discount period. | |
| 12 | Issued Check No. 319 to McGonigle Co. for merchandise purchased September 2, $8,400, terms 1/10, n/30. A credit memo had previously been received from McGonigle Co. for merchandise returned, $400. Payment is made within the discount period after deduction for the return dated September 8. | |
| 19 | Issued Check No. 320 to Elite Systems for merchandise purchased August 19, $4,600, terms n/30. | |
| 27 | Issued Check No. 321 to Glenn Falls for merchandise purchased September 17, $7,000, terms 2/10, n/30. Payment is made within the discount period. |
| DATE | CK. NO. | ACCOUNT DEBITED | POST. REF. |
GENERAL | ACCOUNTS PAYABLE DEBIT |
PURCHASES DISCOUNTS CREDIT |
CASH CREDIT |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| DEBIT | ||||||||||
| 1 |
|
fill in the blank 2 | Clausen Corp. | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | 1 | ||
| 2 |
|
fill in the blank 9 | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | 2 | |||
| 3 |
|
fill in the blank 16 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 | fill in the blank 21 | 3 | |||
| 4 |
|
fill in the blank 23 | fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | fill in the blank 28 | 4 |
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