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28 Sep 2019
Week 5 29 Received 13 Bungee Kits for $420each, which were ordered on the 24th, agreed terms withJ. J. Spud are 2/10, n/30. 29 Great Sports paid the full amountowing on their account. 29 Made cash sale of 30 Melon WattSkateboards for $280 each plus 5% sales tax. 30 Purchased 27 Specialist Body Boardswith cash for a list price of $100 each. A trade discount of 20%applies, Check No. 780. 30 Paid monthly salary of $5,400 to Orlando Chadwick, Check No.781.
1)Record all week 1 transactions in therelevant journals.
Note that special journals must be used where applicable. Anytransaction that cannot be recorded in a special journal should berecorded in the general journal.
2)Post entries recorded in the journals to theappropriate ledger accounts according to the company's accountingpolicies and procedures.
| Week 5 | ||
| 29 | Received 13 Bungee Kits for $420each, which were ordered on the 24th, agreed terms withJ. J. Spud are 2/10, n/30. | |
| 29 | Great Sports paid the full amountowing on their account. | |
| 29 | Made cash sale of 30 Melon WattSkateboards for $280 each plus 5% sales tax. | |
| 30 | Purchased 27 Specialist Body Boardswith cash for a list price of $100 each. A trade discount of 20%applies, Check No. 780. | |
| 30 | Paid monthly salary of $5,400 to Orlando Chadwick, Check No.781. 1)Record all week 1 transactions in therelevant journals. Note that special journals must be used where applicable. Anytransaction that cannot be recorded in a special journal should berecorded in the general journal. 2)Post entries recorded in the journals to theappropriate ledger accounts according to the company's accountingpolicies and procedures. | |
Reid WolffLv2
28 Sep 2019
