The 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 below. v Sold merchandise on credit for $12,000 to Jufair Company. The A. Cash Receipt journal cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Cash Payment journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. C. Purchases journal D. Sales journal v Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. v Paid the amount owed to ABC Company. Check No. 187.

The 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 below. v Sold merchandise on credit for $12,000 to Jufair Company. The A. Cash Receipt journal cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Cash Payment journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. C. Purchases journal D. Sales journal v Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. v 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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