Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the jounal leave the box empty; do not select information or enter a zero.) 1 (Click the icon to view the transactions.) Sales Journal Page 1 Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. More Info Jun. 1 Sold merchandise inventory on account to Fred Jig, $1,270. Cost of goods, $1,000. Invoice no. 101. Sold merchandise inventory on account to lan Frog. $2,225. Cost of goods, $1,580. Invoice no. 102. Jun. 8 Jun. 13 Sold merchandise inventory on account to Jillian Trump, $380. Cost of goods, $300. Invoice no. 103. Jun. 28 Sold merchandise inventory on account to Glen Whitney, $900. Cost of goods, $610. Invoice no. 104. Print Done
Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the jounal leave the box empty; do not select information or enter a zero.) 1 (Click the icon to view the transactions.) Sales Journal Page 1 Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2024 Jun. More Info Jun. 1 Sold merchandise inventory on account to Fred Jig, $1,270. Cost of goods, $1,000. Invoice no. 101. Sold merchandise inventory on account to lan Frog. $2,225. Cost of goods, $1,580. Invoice no. 102. Jun. 8 Jun. 13 Sold merchandise inventory on account to Jillian Trump, $380. Cost of goods, $300. Invoice no. 103. Jun. 28 Sold merchandise inventory on account to Glen Whitney, $900. Cost of goods, $610. Invoice no. 104. Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Use the following sales journal to record the transactions. All credit sales are terms of n/30. (If a box is not used in the journal leave the box empty; do not select information or enter a zero.)
A (Click the icon to view the transactions.)
Sales Journal
Page
Invoice
Customer
Post.
Accounts Receivable DR
Cost of Goods Sold DR
Date
No.
Account Debited
Ref.
Sales Revenue CR
Merchandise Inventory CR
2024
Jun.
More Info
Jun. 1
Sold merchandise inventory on account to Fred Jig, $1,270. Cost of goods, $1,000. Invoice
no. 101.
Jun. 8
Sold merchandise inventory on account to lan Frog, $2,225. Cost of goods, $1,580. Invoice
no. 102.
Jun. 13
Sold merchandise inventory on account to Jillian Trump, $380. Cost of goods, $300. Invoice
no. 103.
Jun. 28
Sold merchandise inventory on account to Glen Whitney, $900. Cost of goods, $610. Invoice
no. 104.
Print
Done
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education