CP.02.PART.02
Need help with posting the journal from the ledger
- Cp 02 Part 02 Need Help With Posting The Journal From The Ledger Then Need Help To Prepare Schedules 1 (60.83 KiB) Viewed 41 times
Then need help to prepare schedules
- Cp 02 Part 02 Need Help With Posting The Journal From The Ledger Then Need Help To Prepare Schedules 2 (16 KiB) Viewed 41 times
During the second half of December 20-1, TJ's Specialty Shop engaged in the following transactions: Dec. 16 Received payment from Lucy Greene on account, $1,960. 16 Sold merchandise on account to Kim Fields, $160, plus sales tax of $8. Sale No. 640. 17 Returned merchandise to Evans Essentials for credit, $150. 18 Issued Check No. 813 to Evans Essentials in payment of December 1 balance of $1,250, less the credit received on December 17. 19 Sold merchandise on account to Lucy Greene, $620, plus tax of $31. Sale No. 641. 22 Received payment from John Dempsey on account, $1,560. 23 Issued Check No. 814 for the purchase of supplies, $120. (Debit Supplies) 24 Purchased merchandise on account from West Wholesalers, $1,200. Invoice No. 465, dated December 24, terms n/30. 26 Purchased merchandise on account from Nathen Co., $800. Invoice No. 817, dated December 26, terms 2/10, n/30. 27 Issued Check No. 815 to KC Power & Light (Utilities Expense) for the month of December, $630. 27 Sold merchandise on account to John Dempsey, $2,020, plus tax of $101. Sale No. 642. 29 Received payment from Martha Boyle on account, $2,473. 29 Issued Check No. 816 in payment of wages (Wages Expense) for the two-week period ending December 28, $1,100. 30 Issued Check No. 817 to Meyers Trophy Shop for a cash purchase of merchandise, $200. As of December 16, TJ's account balances were as follows:
4. Prepare schedules of accounts receivable and accounts payable. TJ's Specialty Shop Schedule of Accounts Receivable December 31, 20-1 TJ's Specialty Shop Schedule of Accounts Payable December 31, 20-1