Assignment #3-DANIELA PACHECO
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Assignment #3-DANIELA PACHECO
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1.
Student: DANIELA PACHECO
Date: 03/24/24
Instructor: Rachel Sham
Course: ACCT1000 - Financial Accounting
Principles 1 (W24)
Assignment: Assignment #3
Consider the following transactions for Drug Store:
Baskerville
February 2
buys worth of inventory on account with credit terms of FOB shipping point. Baskerville
$23,100
1
15, n
30,
February 4
pays a freight charge.
Baskerville
$120
February 9
returns of the merchandise due to damage during shipment.
Baskerville
$4,100
February 14
pays the amount due, less return and discount.
Baskerville
Required
1
Requirement 1.
Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.)
: buys worth of inventory on account with credit terms of FOB shipping point.
Feb. 2
Baskerville
$23,100
1
15, n
30,
Prepare the entry to journalize the purchase.
Date
Accounts
Debit
Credit
February 2
Inventory
23,100
Accounts Payable
23,100
: pays a freight charge.
Feb. 4 Baskerville
$120
Date
Accounts
Debit
Credit
February 4
Inventory
120
Cash
120
: returns of the merchandise due to damage during shipment.
Feb. 9 Baskerville
$4,100
Prepare the entry to record the purchase return, and decrease the payable. Date
Accounts
Debit
Credit
February 9
Accounts Payable
4,100
Inventory
4,100
: pays the amount due, less return and discount.
Feb. 14 Baskerville
Date
Accounts
Debit
Credit
February 14
Accounts Payable
19,000
Cash
18,810
Inventory
190
Requirement 2.
In the final analysis, how much did the inventory cost Drug Store?
Baskerville
What was the inventory cost for ?
Baskerville
18,930
$
24/3/24, 17:12
Assignment #3-DANIELA PACHECO
https://tdx.acs.pearsonprd.tech/api/v1/print/highered
2/9
1: Required
1.
Journalize the purchase transactions. Explanations are not required.
2.
In the final analysis, how much did the inventory cost Drug Store?
Baskerville
24/3/24, 17:12
Assignment #3-DANIELA PACHECO
https://tdx.acs.pearsonprd.tech/api/v1/print/highered
3/9
2.
Journalize the following sales transactions for Sportswear. Explanations are not required.
Swego
July 1
sold of men's sportswear for cash. Cost of goods sold is .
Swego
$22,000
$11,000
July 3
sold of women's sportswear on account, credit terms are /
, n/
. Cost of goods sold is .
Swego
$46,000
3 20
45
$23,000
July 5
received a sales return on damaged goods from the customer on July 1. Cost of goods damaged is . Money was refunded for the damaged goods, but the customer did not return the damaged goods to .
Swego
$4,700
$2,350
Swego
July 10
received payment from the customer on the amount due, less discount.
Swego
July 1: sold of men's sportswear for cash. Cost of goods sold is .
Swego
$22,000
$11,000
Journalize 's sale. First, we will create the entry for the cash sale. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Swego
Date
Accounts
Debit
Credit
July 1
Cash
22,000
Sales Revenue
22,000
Next, we will create the entry for the cost of goods sold. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Date
Accounts
Debit
Credit
July 1
Cost of Goods Sold
11,000
Inventory
11,000
July 3: sold of women's sportswear on account, credit terms are /
, n/
. Cost of goods sold is .
Swego
$46,000
3 20
45
$23,000
Journalize 's sale on account. First, we will create the sale. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Swego
Date
Accounts
Debit
Credit
July 3
Accounts Receivable
46,000
Sales Revenue
46,000
Next, create the entry for cost of goods sold. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Date
Accounts
Debit
Credit
July 3
Cost of Goods Sold
23,000
Inventory
23,000
July 5: received a sales return on damaged goods from the customer on July 1. Cost of goods damaged is . Money was refunded for the damaged goods, but the customer did not return the damaged goods to .
Swego
$4,700
$2,350
Swego
Journalize 's return. First, record the refund. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Swego
24/3/24, 17:12
Assignment #3-DANIELA PACHECO
https://tdx.acs.pearsonprd.tech/api/v1/print/highered
4/9
Date
Accounts
Debit
Credit
July 5
Sales Returns and Allowances
4,700
Cash
4,700
Next, record the journal entry for the cost of goods returned. (Record debits first, then credits. Exclude explanations from journal entrie
If no entry is required select "No entry required" on the first line of the journal entry table.)
Date
Accounts
Debit
Credit
July 5
No entry required
July 10: received payment from the customer on the amount due, less discount.
Swego
Journalize 's cash receipt from the customer. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required select "No entry required" on the first line of the journal entry table.)
Swego
Date
Accounts
Debit
Credit
July 10
Cash
44,620
Sales Discounts
1,380
Accounts Receivable
46,000
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The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501.
PURCHASES JOURNAL
Page 5
Purchases Debit/
Accounts Payable
Date Invoice No. From Whom Purchased Post Ref.
Credit
Oct. 2
3118
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Required:
1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts.
GENERAL LEDGER
ACCOUNT Accounts Payable
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BALANCE
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ITEM POST. REF.
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CREDIT
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CREDIT
Oct. 2
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Lewis Corporation engaged in the following transactions during June.
DATE
TRANSACTIONS
20X1
4 Purchased merchandise on account from Salinas Company; Invoice 100 for $1,005; terms n/30.
15 Recorded purchases for cash, $1,490.
30 Paid amount due to Salinas Company for the purchase on June 4.
June
Book
Required:
Record these transactions in a general journal.
erences
View transaction list
Journal entry worksheet
1.
21
3
Paid amount due to Salinas Company for the purchase on June 4.
Note: Enter cebits before credits.
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S 2,392.50
$ 3,480.75
Tina Valendez
Jan Yarrow
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Vaughn Corporation makes blenders (its merchandise) and entered into the following transactions during the month of September 2017.
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e purchases journal for Trail Blazers for the month of April is presented below. Accounts Payable is account number 202 and Purchases is account number
PURCHASES JOURNAL
Page 6
Purchases Deblt/
Accounts Payable
ate Involce No. From Whom Purchased Post Ref.
Credit
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8.
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3,528.00
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1126
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1,530.00
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1127
Middle County Suppliers
1,100.00
18,654.00
quired:
Post the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not require
entry, leave it blank. Enter transactions in chronological order.
GENERAL LEDGER
ccount: Accounts Payable
Account No. 202
Balance
Date
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Entries for notes payable
Obj. 1 A business issued a 120-day,5% note for $60,000 to a creditor on
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R2 of 2
Laker Company reported the following January purchases and sales data for its only product.
Date
Jan. 1 Beginning inventory 150 units@ $7.50 = $1,125
Jan. 10 Sales
Jan. 20 Purchase
Jan. 25 Sales
Activities
Units Acquired at Cost Units sold at Retail
ts
110 units@ $16.50
80 units@ $6.50 =
520
Skipped
90 units@ $16.50
Jan. 30 Purchase
200 units @ $6.00 =1,200
Totals
430 units
$2,845 200 units
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The Company uses a periodic inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from
the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to
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4th March, 2020
5th March, 2020
10th March, 2020
12th March, 2020
30th March, 2020
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months of March 2020.
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Sold goods on credit to Musyoka Kshs. 250,000
Sold goods on cash to James Kshs. 15,000
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Sold goods on credit to Cosmo Enterprise Kshs 110,000
Sold goods on credit to Breeze land Kshs 35,000
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(ii)
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W
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Question 4
Westin Supply sold store supplies on account to Kayla's Gift Shop for $256 and Kayla's
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GENERAL JOURNAL
Page 33
Doc
POST.
GENERAL
DATE
ACCOUNT TITLE
NO
REF.
DEBIT
CREDIT
1 Jun
9 Supplies -Store
Accts. Pay.Westin Supply
M44
1150
256.00
2
256.00
Figure 3.03 L
O Debit Supplies-Store $256; credit Accounts Payable/Westin Supply, $256
O Debit Supplies-Store $256; credit Accounts Payable-Controlling Account, $256 and credit
Accounts Payable/Westin Supply, $256
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Purchases Journal
Instructions
Chart of Accounts
Supplier List
Purchase Journal
General Ledger
Instructions
Ann Benton, owner of Benton's Galleria, made the following purchases of merchandise on account during the month of October:
Oct.
2 Purchase Invoice No. 321, $1,950, from Boggs Distributors.
Purchase Invoice No. 152, $2,915, from Wolfs Wholesaler.
General Ledger
Uenerai Leuger insu uctionS
10
Purchase Invoice No. 634, $3,565, from Komuro & Co.
16
Purchase Invoice No. 349, $2,845, from Fritz & McCord, Inc.
24
Purchase Invoice No. 587, $3,370, from Boggs Distributors.
GENERAL LEDGER
(
• Account: Accounts Payable
• Account: Purchases
26
Purchase Invoice No. 764, $2,240, from Sanderson Company.
31
Purchase Invoice No. 672, $1,630, from Wolfs Wholesaler.
Required:
%3D
1. Record the transactions in the purchases journal. Total the journal.
2. Post from the purchases journal to the general ledger and accounts payable ledger accounts.…
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Problems
4. Record the following transactions in the appropriate ledger accounts, balance an
the accounts and prepare a trial balance as at 31 March 20X3,
1 Started business with RM2,000 cash.
Purchased goods worth RM1,000 on credit.
Sold goods worth RM800 on credit.
15 Bought furniture worth RM400 by cash.
20 Received cheque for RM800 from accounts receivable.
25 Made cash sales of RM200.
Jan.
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31 Paid salary amounting to RM300 in cash.
2. Below are transactions for April 20X3 for Mr Lam, a sole trader:
Apr. 1 Started business with RM12,000 cash.
2 Bought goods worth RM1,000 on credit from Shah.
3 Paid rent amounting to RM200 in cash.
4 Deposited RM11,000 of the business cash into the bank account.
6 Sold goods worth RM600 on credit to Tan.
7 Bought stationery worth RM50 by cheque.
11 Made cash sales of RM100.
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Exercise 9-04 a-f (Part Level Submission)
At the beginning of the current period, Cheyenne had balances in Accounts Receivable of $286,000 and in Allowance for Doubtful Accounts of $9,900 (credit). During the period,
had net credit sales of $890,000 and collections of $845,500. It wrote off as uncollectible accounts receivable of $6,000. However, a $4,000 account previously written off as
uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,800 at the end of the period. (Omit cost of goods sold entries.
(a - d)
(a) Prepare the entries to record sales and collections during the period.
(b) Prepare the entry to record the write-off of uncollectible accounts during the period.
(c) Prepare the entries to record the recovery of the uncollectible account during the…
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Exercise 133 a-b
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On September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $245,000; the Accounts
Payable control account had a credit balance of $109,000.
The October transactions recorded in the special journals are presented below.
Special Journals
October Transactions
Sales journal
Total sales
$183,000
Purchases journal
Total purchases
75,000
Cash receipts journal
Accounts receivable column total
128,000
Cash payments journal
Accounts payable column total
49,000
Compute the balance of the accounts rsceivable control accounts after the monthly postings on October 31.
Accounts Receivable
Compute the balances of the accounts payable control accounts after the monthly postings on October 31.
Accounts Payable
SUBMIT…
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Bonds Payable
Interest Expense
Cash
Dec. 31 Interest Expense
Interest Payable
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Journalize the entries to record the above selected transactions for the current year. If an amount box does not require an entry, leave it blank.
May 1
Cash
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Entries for Issuing
Thomson Co. produces and
butes semiconductors for use by computer manufacturers. Thomson issued $270,000 of 25-year, 12% bonds on May 1 of the current
year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year.
May 1
Issued the bonds for cash at their face amount.
Nov. 1
Paid the interest on the bonds.
Dec. 31
Recorded accrued interest for two months.
270,000
APR
20
000
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Exercise 133 a-b
On September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $245,000; the Accounts
Payable control account had a credit balance of $109,000.
The October transactions recorded in the special journals are presented below.
Special Journals
October Transactions
Sales journal
Total sales
$183,000
Purchases journal
Total purchases
75,000
Cash receipts journal
Accounts receivable column total
128,000
Cash payments journal
Accounts payable column total
49,000
Compute the balance of the accounts receivable control accounts after the monthly postings on October 31.
Accounts Receivable
Compute the balances of the accounts payable control accounts after the monthly postings on…
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An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth.
Find the net payment.
ut of
Select one:
O a. 570
O b. 30
Oc 510
O d. 90
Clear my choice
inus nane
Type here to search
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Requirement 1 For each of the following transactions make the required entries in the General Journal: (See the General Ledger tab in the workbook Chapter 03 b - Problem 3-1 Forms for the accounts in OPJ’s accounting system.) Feb 01 Take $4,000 cash out of Big Bank to pay for February’s warehouse rent. Feb 04 Sale of inventory to a customer – selling price $62,000 – cost of inventory sold $16,000 – customer paid cash which was deposited in Big Bank. Feb 07 Take $10,000 cash out of Little Bank to pay employees for wages they have earned. Feb 15 Sale of inventory to a customer – selling price $88,000 – cost of inventory sold $22,000 – customer will pay in the future. Feb 18 Sale of inventory to a customer – selling price $110,000 – cost of inventory sold $28,000 – customer pays $40,000 cash which is deposited in Little Bank – customer will pay for the remaining amount of the sale in 30 days. Feb 22 Purchase additional inventory – pay $17,000 cash out of Big Bank for the inventory. Feb 27…
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tion 7
An invoice of OMR 1200 with the terms 4/10. n/30 ROG is dated on April Sth. Goods are received on April 20th.
The bill is paid on May 1st. Calculate the net payment amount by the customer.
wer saved
ked out of
Select one:
Flay question
O a 1152
O b. 1180
Oc. 48
O d. 1200
Clear my choice
inus nanA
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Create a Ledger for the Journal Entry
General Journal
Page 1
Date
Description
Post Ref.
Dr
Cr
2023
Mar.
2
Cash
750
Account Receivables
750
To record payment for AR
4
Cash
170
Account Receivables
170
To record payment for AR
6
Account Receivables
1755
Sales
1755
To record Sales
7
Account Receivables
620
Sales
620
To record Sales
Cash
875
Sales
875
To record Sales
Promotion
690
Cash
690
To record payment for promotion
8
Cash
215
Account Receivables
215
To record payment for AR
Promotion
215
Cash
215
To record payment for promotion
Purchase
2017
Cash
2017
To record purchase of tshirts w/df
9
Promotion
700
Cash
700
To record payment for promotion
10
Account…
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Publisher:Cengage
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- 8:33 LTE יוו. AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window 2. EX.09-04 eBook Show Me How Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables: Sold merchandise on account to Beijing Palace Co., $18,900. The cost of the May 1. merchandise sold was $11,200. Received $8,000 from Beijing Palace Co. and wrote off the remainder owed on Aug. 30. the sale of May 1 as uncollectible. Reinstated the account of Beijing Palace Co. that had been written off on Dec. 8. August 30 and received $10,900 cash in full payment. For a compound transaction, if an amount box does not require an entry, leave it blank. May 1-sale May 1-cost Aug. 30 Dec. 8-reinstate Dec. 8-collectionarrow_forwardOCT 31 Flower Shop makes a sale, on account for $1.200. NOV 15 Flower Shop delivers the flowers ordered above DEC 01 Flower Shop sends the above customer a bill for $1.200 DECOS Flower Shop receives the above customers check on DEC 10 Assuming that Flower Shop follows GAAP on which date is the $1.200 "recognized as a revenue? OCT 31 NOV 15 DEC 01 Ether date in DEC 11st or 5th is acceptablearrow_forwardCengageNOWv2| Assignmer * CengageNOWv2 | Online tea QAccounting Ch. 12 Flashcards New Tab com The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Purchases Debit/ Accounts Payable Date Invoice No. From Whom Purchased Post Ref. Credit Oct. 2 3118 Express Florist 3,550.00 4 3119 T. C. S. Supplies 2,790.00 8 3120 Auto Body Repair 3,850.00 3121 Signs Unlimited 4,150.00 10 3122 Dynasty Limo 2,380.00 15 3123 T. C. S. Supplies 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Oct. 2 P5 ACCOUNT Purchases ACCOUNT NO. 501 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5arrow_forward
- ab User Management,... H https://outlook.offi... FES Protection Plan System 7 - North C... Homework Exercises Saved Lewis Corporation engaged in the following transactions during June. DATE TRANSACTIONS 20X1 4 Purchased merchandise on account from Salinas Company; Invoice 100 for $1,005; terms n/30. 15 Recorded purchases for cash, $1,490. 30 Paid amount due to Salinas Company for the purchase on June 4. June Book Required: Record these transactions in a general journal. erences View transaction list Journal entry worksheet 1. 21 3 Paid amount due to Salinas Company for the purchase on June 4. Note: Enter cebits before credits.arrow_forwardSession Timed Out 9 Chapter 12: Payroll Accounting A ezto.mheducation.com/hm.tpx E Apps O Harford County Pu. start.hcps.org aSummary- Quizizz a Summary - Quizizz 9 Geometry Unit 3 St.. I connect Accounting & Finance: B4 JACCOUNTING Chapter 12: Payroll Accounting Question 1 (of 12) 1. The sales clerks of Teresa's Treasures are paid a sales they make. Find the amount of commission and gross earnings for these employees. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) lary of $225 per ek plus a commission 8% on all Sales for the Week Name Commission Gross Earnings S 2,392.50 $ 3,480.75 Tina Valendez Jan Yarrow 02021 McGraw-Hill Education. ll rights P Search for anything DELLarrow_forwardBookmarks Window Help Fri Apr 30 7:38 PM edugen.wileyplus.com W WileyPLUS Bb Upload Assignment: Exercise16b - 2021 Spring Term (1)... Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 4 ВАСK NEXT Exercise 9-12 a-b (Part Level Submission) Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $23,50Chcash to Manny Lopez on a 12-month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Your answer is correct. lournalize the transactions for Oriole Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are…arrow_forward
- ting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Return to Blackboard SOFTWARE UPC Help | System Announcements macOS Big Sur 11.: later tonight. Problem 5A-3A CALCULATOR PF Vaughn Corporation makes blenders (its merchandise) and entered into the following transactions during the month of September 2017. Sept. 2 Purchased merchandise from Jones Company on credit for $4,330. Credit terms were 2/10, n/30. Paid $240 for the delivery charges on the merchandise purchased on September 2. 5. Purchased merchandise from Moses Company on credit for $4,270. Credit terms were 3/10, n/30. 6. Sold merchandise for cash, $1,310. 8. Purchased store equipment for $8,400 from Santa Corporation. A down payment of $3,900 was made, and a note was signed for the remaining balance. 6. Sold merchandise on credit to Stephanie Company for $1,200. The credit terms of the sale were 3/15, n/45. 10 Returned $230 of defective merchandise to Jones Company and received the appropriate…arrow_forwardv2 | Online teachin x QUnit 3 Review Flashcards | Quizle x nment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false e purchases journal for Trail Blazers for the month of April is presented below. Accounts Payable is account number 202 and Purchases is account number PURCHASES JOURNAL Page 6 Purchases Deblt/ Accounts Payable ate Involce No. From Whom Purchased Post Ref. Credit r. 2 1122 Longo Co. 4,851.00 4 1123 Middle County Suppliers 4,675.00 8. 1124 Pueblo Crafts 2,970.00 1125 Highlander Co. 3,528.00 10 1126 Pearl Art Supply 1,530.00 15 1127 Middle County Suppliers 1,100.00 18,654.00 quired: Post the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not require entry, leave it blank. Enter transactions in chronological order. GENERAL LEDGER ccount: Accounts Payable Account No. 202 Balance Date Item Post Ref. Debit Credit Debit Credit ck My Work 1 more Check My Work uses…arrow_forwardInstructions to chapter 10 exercises - Word eview View Help Y Tell me what you want to do AaBbCcDc AaBbCcDc AaBbC AABBCCD AaB AaBbCcD 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Paragraph Styles Exer 10-4 Entries for notes payable Obj. 1 A business issued a 120-day,5% note for $60,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Exer 10-6arrow_forward
- A ezto.mheducation.com enter B Welcome, Aury - Blackb. Close reading assignmen. E English essay - Google D. M MyOpenMath - Gradebook M Question 3- Chapter 5- pter 5 A G 79 Saved Help Save & Exit SL Check my w Required information (The following information applies to the questions displayed below.] R2 of 2 Laker Company reported the following January purchases and sales data for its only product. Date Jan. 1 Beginning inventory 150 units@ $7.50 = $1,125 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Activities Units Acquired at Cost Units sold at Retail ts 110 units@ $16.50 80 units@ $6.50 = 520 Skipped 90 units@ $16.50 Jan. 30 Purchase 200 units @ $6.00 =1,200 Totals 430 units $2,845 200 units eBook Hint Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending…arrow_forwardTAKE AWAY CAX New tab X G Personal Clour X om/u/0/c/NDcwOTU3MTc5OTMx/a/NTM1NDk2MTY4ODQx/details credited to drawings. (10 Marks) 1st March, 2020 4th March, 2020 5th March, 2020 10th March, 2020 12th March, 2020 30th March, 2020 My Drive - Go X Open with Google Docs b) The following transaction were extracted from the books of Barikiwa Enterprises for the months of March 2020. Q google drive X G Personal Clou Sold goods on credit to Musyoka Kshs. 250,000 Sold goods on cash to James Kshs. 15,000 Sold goods on credit to Wamalwa Kshs 39,000 Sold goods on credit to Cosmo Enterprise Kshs 110,000 Sold goods on credit to Breeze land Kshs 35,000 Sold goods on credit to Atieno Kshs 50,000 Required:- (i) Sales day book and explain why some entries are not recorded (ii) Respective ledger account entries Warrow_forwardO Credit Question 4 Westin Supply sold store supplies on account to Kayla's Gift Shop for $256 and Kayla's Gift Shop recorded the transaction as shown above. What would be the correct posting of this General Journal Entry shown in Figure 3.03 L to the General Ledger? GENERAL JOURNAL Page 33 Doc POST. GENERAL DATE ACCOUNT TITLE NO REF. DEBIT CREDIT 1 Jun 9 Supplies -Store Accts. Pay.Westin Supply M44 1150 256.00 2 256.00 Figure 3.03 L O Debit Supplies-Store $256; credit Accounts Payable/Westin Supply, $256 O Debit Supplies-Store $256; credit Accounts Payable-Controlling Account, $256 and credit Accounts Payable/Westin Supply, $256 O Debit Accounts Payable-Controlling Account, $256; credit Accounts Payable/ Westin Supply, $256 O Debit Accounts Payable/ Westin Supply, $256; credit Supplies-Store $256arrow_forward
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