Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): • Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Purchase Returns and Cost of Goods Sold Sales Tax Payable Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will b with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks. • On Feb. 2, purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) # 12345 in the amount of $3,456. • On Feb. 8, purchased inventory on account from Sherwood Company (vendor account number 5461), PO# 12346, in the amount of $2,951. • On Feb. 12, purchased inventory on account from Green Valley Inc. (vendor #4653), PO# 12347, in the amount of $4,631. JOURNAL Page 124 Date DR CR 2019 Feb. 2
Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): • Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Purchase Returns and Cost of Goods Sold Sales Tax Payable Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will b with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks. • On Feb. 2, purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) # 12345 in the amount of $3,456. • On Feb. 8, purchased inventory on account from Sherwood Company (vendor account number 5461), PO# 12346, in the amount of $2,951. • On Feb. 12, purchased inventory on account from Green Valley Inc. (vendor #4653), PO# 12347, in the amount of $4,631. JOURNAL Page 124 Date DR CR 2019 Feb. 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Using the five journals as named here:
• Sales, Purchases, Cash Receipts, Cash Disbursements, and General
Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."):
• Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None
And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system:
Accounts Payable
Merchandise Inventory
Sales
Асcounts
Purchases
Sales Discounts
Receivable
Sales Returns and
Cash
Purchase Discounts
Allowances
Purchase Returns and
Cost of Goods Sold
Sales Tax Payable
Allowances
PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be
with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks.
• On Feb. 2, purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) # 12345 in the amount of $3,456.
• On Feb. 8, purchased inventory on account from Sherwood Company (vendor account number 5461), PO# 12346, in the amount of $2,951.
• On Feb. 12, purchased inventory on account from Green Valley Inc. (vendor #4653), PO# 12347, in the amount of $4,631.
JOURNAL
Page 124
Date
DR
CR
2019
Feb.
Feb.
Feb.
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf80d695-65bc-4bfc-b636-07e1e9e9e58c%2Fc4003c28-67e1-4ecd-a11c-87350f1e1861%2F6p5enzi_processed.png&w=3840&q=75)
Transcribed Image Text:Using the five journals as named here:
• Sales, Purchases, Cash Receipts, Cash Disbursements, and General
Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."):
• Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None
And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system:
Accounts Payable
Merchandise Inventory
Sales
Асcounts
Purchases
Sales Discounts
Receivable
Sales Returns and
Cash
Purchase Discounts
Allowances
Purchase Returns and
Cost of Goods Sold
Sales Tax Payable
Allowances
PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be
with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks.
• On Feb. 2, purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) # 12345 in the amount of $3,456.
• On Feb. 8, purchased inventory on account from Sherwood Company (vendor account number 5461), PO# 12346, in the amount of $2,951.
• On Feb. 12, purchased inventory on account from Green Valley Inc. (vendor #4653), PO# 12347, in the amount of $4,631.
JOURNAL
Page 124
Date
DR
CR
2019
Feb.
Feb.
Feb.
12
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