the cash receipts journal. Total and rule the sales journal. Ignore sales taxes. Use the journal format provided below in entering the following transactions it Oct. 1 Collected from Ali Go P12,000 payment on account. 8 Cash sales for the week, P60,000. 10 Gino Pavone made a P12,000 payment on account. 15 Collected from Melissa Perez P71,400 payment on account. 17 Cash sales for the week, P52,000. 19 Owner invested additional cash into the business, P45,000. 25 Collected from Sue Lee P17,200 on account. 30 A bank loan is approved and release to the company, P70,000. ANSWER SHEET CASH RECEIPTS JOURNAL Pagel Debit Credits Date O.R. 2020 Description Accounts Other No. Cash Sales Receivable Accounts

the cash receipts journal. Total and rule the sales journal. Ignore sales taxes. Use the journal format provided below in entering the following transactions it Oct. 1 Collected from Ali Go P12,000 payment on account. 8 Cash sales for the week, P60,000. 10 Gino Pavone made a P12,000 payment on account. 15 Collected from Melissa Perez P71,400 payment on account. 17 Cash sales for the week, P52,000. 19 Owner invested additional cash into the business, P45,000. 25 Collected from Sue Lee P17,200 on account. 30 A bank loan is approved and release to the company, P70,000. ANSWER SHEET CASH RECEIPTS JOURNAL Pagel Debit Credits Date O.R. 2020 Description Accounts Other No. Cash Sales Receivable Accounts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The cashier for Bell Buoy rang up sales totaling $5,108, but had $5,130 to deposit, which journal entry would be recorded? Multiple Choice O O PARTE A debit to Cash for $5,130, a credit to Cash Overage for $22, and a credit to Sales Revenue for $5,108. A debit to Sales for $5,130, a debit to Cash Overage for $22, and a credit to Cash for $5,108. A debit to Cash for $5,108, a debit to Cash Shortage for $22, and a credit to Sales Revenue for $5,130. A debit to Cash for $5,108, a debit to Cash Shortage for $22, and a credit to Unearned Revenue for $5,130. #SE
On March 31, 2021, Jana Company sold $50,000 merchandise to one of her customers using a credit card, the bank charges a service fee of 3%. The journal entry to record credit card sales in the books of Jana Company will include: * O Debit Accounts Receivable $48,500 Credit Cash $48,500 Debit Service Charge Expense $1,500 Credit Sales Revenue $51,500 O None of the above Classwork for BA. Classwark for BA.
B.) The activity on Charlie Wilson's Visa account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is November 11 through December 10, the previous balance was $645.33, and the annual interest rate is 20%. November 15 payment $125.00 November 28 office supplies $24.97 December 1 toy store $317.52 average daily balance $ finance charge $
For the accounts receive and interest revenue I for march 20, I got 13, however its wrong, can you tell me what I am doing wrong? our answer is partially correct. Try again. On January 10, Molly Amise uses her Windsor, Inc. credit card to purchase merchandise from Windsor, Inc. for $1,500. On February 10, Molly is billed for the amount due of $1,500. On February 12, Molly pays $1,300 on the balance due. On March 10, Molly is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12.Prepare the entries on Windsor, Inc.’s books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.) (Round answers to 0 decimal places, e.g. 825. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit choose a transaction…
Can I get some help on this table, thank you!
Replace all taxes given in the question with HST of 13%
Please do not give solution in image format thanku
1
. Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
don't give answer in image format
Consider the following transactions of Johnson Software: Mar. 31 Apr. 6 Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Recorded cash sales of $160,000, plus sales tax of 7% collected for the state of New Jersey. Sent March sales tax to the state. Mar. 31: Recorded cash sales of $160,000, plus sales tax of 7% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.) Accounts and Explanation Date Mar. 31 Debit Credit