QS7-9 Identifying journal of entry Ap1 Ap2 p3 EPA
Refer to E) QS7-8 and for each of the transactions identify the journal in which it would be recorded. Assume the
company uses a sales
journal, purchases journal, cash receipts journal, cash payments journal, and general journal.
- Qs7 9 Identifying Journal Of Entry Ap1 Ap2 P3 Epa Refer To E Qs7 8 And For Each Of The Transactions Identify The Journa 1 (23.41 KiB) Viewed 21 times
QS 7-8 Purchases journal P3 Peachtree
Company uses à sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare purchases journal like the one in Exhibit 7.9. Journalize the following transactions that should be recorded in the purchases journal May 1 Purchased $10.100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $900 to G. Seles for $1,500 on credit subject to a $.30 sales discount if paid within 30 days. 14 Purchased $240 of store supplies from Chang
Company on credit, terms n/30 17 Purchased $260 of office supplies on credit from Monder
Company, terms n/30, 24 Sold merchandise costing $400 to D. Air for $650 cash.. 28 Purchased store supplies from Porter's for $90 cash. 29 Paid Krause, Inc., $10,100 cash for the merchandise purchased on May 1.