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 cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. A. Purchases journal B. Cash Payment journal C. Cash Receipt journal D. Sales journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. 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 cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. A. Purchases journal B. Cash Payment journal C. Cash Receipt journal D. Sales journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help
![QUESTION 1
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 cost of the goods sold is $4,000.
Credit terms 2/10, n/30. Invoice No. 167.
A, Purchases journal
B. Cash Payment journal
C. Cash Receipt journal
D. Sales journal
- v Purchased merchandise on credit for $3,500 from
Juffair Company, terms 3/15, n/60.
- 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.
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Transcribed Image Text:QUESTION 1
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 cost of the goods sold is $4,000.
Credit terms 2/10, n/30. Invoice No. 167.
A, Purchases journal
B. Cash Payment journal
C. Cash Receipt journal
D. Sales journal
- v Purchased merchandise on credit for $3,500 from
Juffair Company, terms 3/15, n/60.
- 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.
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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