QUESTION 4The Sears company had the following business transactions during December:Required:Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table belowSold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journalof the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No.167.B. Purchases journalC. Cash Receipt journalA.B.Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journalc.erms 3/15, ni60.D.sold merchandise for $1.000 cash to CAR corp., Invoice No. 145.The cost of the goods soid is $400.- Paid the amount owed to ABC Company. Check No. 187.QUESTION SA company had the following purchases during its first year of operations:Purchases30 units at $4035 units at $20SalesJanuaryMarchMay42 units at $00ChokS A

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The Sears company had the following business transactions during December: Reguired: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below Sold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167 B. Purchases joumal C Cash Receipt joumal Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journal C. erms 3/15, n/60. D. sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400, - Paid the amount owed to ABC Company. Check No. 187,

The Sears company had the following business transactions during December: Reguired: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below Sold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167 B. Purchases joumal C Cash Receipt joumal Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journal C. erms 3/15, n/60. D. sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400, - Paid the amount owed to ABC Company. Check No. 187,

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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