UNC lem 11-11A CengageNOWv2| Online teachin x+ keAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress%3Dfalse eBook Show Me How Calculator Purchases and Cash Payments Transactions Emily Frank owns a small retail business called Frank's Fantasy. The cash account has a balance of $21,000 on July 1. The following transacti occurred during July: July 1 Issued Check No. 414 in payment of July rent, $2,500. 1 Purchased merchandise on account from Tilly's Toys, Invoice No. 311, $2,800, terms 2/10, n/30. 3 Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,300, terms 1/10, n/30. 5 Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $300. 8 Purchased merchandise on account from Donna's Dolls, Invoice No. 139, $2,900, terms 2/10, n/30. -11 Issued Check No. 415 to Tilly's Toys for merchandise purchased on account, less return of July 5 and less 2% discount. 13 Issued Check No. 416 to Scheer & Company for merchandise purchased on account, less 196 discount. 15 Returned merchandise purchased from Donna's Dolls, receiving a credit memo on the amount owed, $350. 18 Issued Check No. 417 to Donna's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount. 25 Purchased mezhandise on account from Applied Business, Involce No. 489, $2.650, terms n/30. 26 Purchased merchandise on account from Tilly's Toys, Invoice No. 375, $2,180, terms 2/10, n/30. 29 Purchased merchandise on account from Scheer & Company, Invoice No. 883, $3,560, terms 1/10, n/30. Required: 1. Enter the transactions in a general journal (start with page 16). If an amount box does not require an entry. leave it blank, Do not enter the references until vou complete part 2. GENERAL JOURNAL PAGE 16
UNC lem 11-11A CengageNOWv2| Online teachin x+ keAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress%3Dfalse eBook Show Me How Calculator Purchases and Cash Payments Transactions Emily Frank owns a small retail business called Frank's Fantasy. The cash account has a balance of $21,000 on July 1. The following transacti occurred during July: July 1 Issued Check No. 414 in payment of July rent, $2,500. 1 Purchased merchandise on account from Tilly's Toys, Invoice No. 311, $2,800, terms 2/10, n/30. 3 Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,300, terms 1/10, n/30. 5 Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $300. 8 Purchased merchandise on account from Donna's Dolls, Invoice No. 139, $2,900, terms 2/10, n/30. -11 Issued Check No. 415 to Tilly's Toys for merchandise purchased on account, less return of July 5 and less 2% discount. 13 Issued Check No. 416 to Scheer & Company for merchandise purchased on account, less 196 discount. 15 Returned merchandise purchased from Donna's Dolls, receiving a credit memo on the amount owed, $350. 18 Issued Check No. 417 to Donna's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount. 25 Purchased mezhandise on account from Applied Business, Involce No. 489, $2.650, terms n/30. 26 Purchased merchandise on account from Tilly's Toys, Invoice No. 375, $2,180, terms 2/10, n/30. 29 Purchased merchandise on account from Scheer & Company, Invoice No. 883, $3,560, terms 1/10, n/30. Required: 1. Enter the transactions in a general journal (start with page 16). If an amount box does not require an entry. leave it blank, Do not enter the references until vou complete part 2. GENERAL JOURNAL PAGE 16
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 3.4C
Related questions
Question
Transcribed Image Text:UNC
lem 11-11A
CengageNOWv2| Online teachin x+
keAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress%3Dfalse
eBook
Show Me How
Calculator
Purchases and Cash Payments Transactions
Emily Frank owns a small retail business called Frank's Fantasy. The cash account has a balance of $21,000 on July 1. The following transacti
occurred during July:
July 1 Issued Check No. 414 in payment of July rent, $2,500.
1 Purchased merchandise on account from Tilly's Toys, Invoice No. 311, $2,800, terms 2/10, n/30.
3 Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,300, terms 1/10, n/30.
5 Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $300.
8 Purchased merchandise on account from Donna's Dolls, Invoice No. 139, $2,900, terms 2/10, n/30.
-11 Issued Check No. 415 to Tilly's Toys for merchandise purchased on account, less return of July 5 and less 2% discount.
13 Issued Check No. 416 to Scheer & Company for merchandise purchased on account, less 196 discount.
15 Returned merchandise purchased from Donna's Dolls, receiving a credit memo on the amount owed, $350.
18 Issued Check No. 417 to Donna's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount.
25 Purchased mezhandise on account from Applied Business, Involce No. 489, $2.650, terms n/30.
26 Purchased merchandise on account from Tilly's Toys, Invoice No. 375, $2,180, terms 2/10, n/30.
29 Purchased merchandise on account from Scheer & Company, Invoice No. 883, $3,560, terms 1/10, n/30.
Required:
1. Enter the transactions in a general journal (start with page 16). If an amount box does not require an entry. leave it blank, Do not enter the
references until vou complete part 2.
GENERAL JOURNAL
PAGE 16
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