Instructions Journakze the entries to record the following selected transactions. Refer to the chart of accounts for the

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Instructions Journakze The Entries To Record The Following Selected Transactions Refer To The Chart Of Accounts For The 1 (19.83 KiB) Viewed 27 times

Instructions Journakze The Entries To Record The Following Selected Transactions Refer To The Chart Of Accounts For The 2 (65.19 KiB) Viewed 27 times

Instructions Journakze The Entries To Record The Following Selected Transactions Refer To The Chart Of Accounts For The 3 (53.07 KiB) Viewed 27 times

Instructions Journakze the entries to record the following selected transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumais do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Mar. 1 Sold $63,600 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,900. Paid $39,020 to the state sales tax department for taxes collected. 23

ASSETS 110 Cash: 120 Accounts Receivable 125 Notes Receivable 130 Merchandise Inventory LIABILITIES 210 Accounts Payable 216 Salaries Payable CHART OF ACCOUNTS 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment 218 Sales Tax Payable 219 Customer Refunds Payable 220 Uneamed Rent General Ledger REVENUE 410 Sales 610 Rent Revenue EXPENSES 510 Cost of Merchandise Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense

EQUITY 310 Owner, Capital 311 Owner, Drawing Journal Journakze the entries to record the selected March transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumais do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered DATE DESCRIPTION JOURNAL POST REF DENT CREDIT PAGE 10 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY &