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Business
Accounting
jorunalize the transactions

jorunalize the transactions

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.1C
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jorunalize the transactions 

LE Copy Sc Replace Paste Editor BIU- ab x, x A- I - A - I Normal I No Spac. Heading 1 Heading 2 Title Subtitle A Select v Format Painter Clipboard Font Paragraph Styles Editing Editor I.2. • 1Y : 2: 3. 1 4. L· 5· • 6.I. 7: | 9. I. 10. I ·11. . 12 13 14 . L. 15. I. 16 . 18 .I 19 March 2 Purchased supplies for cash, P7,000 6 Purchased merchandise on account, 2/10, n/30, P18,000 8 Returned one third of the inventory purchased in March 6 10 Sold goods for cash, P15,000 15 Sold goods on account, terms 2/15, n/30 P25,000 16 Paid the amount owed from the purchase on March 6 17 Received inventory returned from March 15 sale, P2,000 19 Purchased inventor of P30,000 on account, terms 2/10.n/30 29 Borrowed P32,000 from the bank and paid the purchase made on March 19. Signed a note payable to the bank. 30 Received cash from the customers who purchased on March 15 Page 5 of 14 2265 words R English (United States) O Focus 124% 16 Leave Unmute Start Video Participants Chat Share Screen Record Reactions Apps
Transcribed Image Text:LE Copy Sc Replace Paste Editor BIU- ab x, x A- I - A - I Normal I No Spac. Heading 1 Heading 2 Title Subtitle A Select v Format Painter Clipboard Font Paragraph Styles Editing Editor I.2. • 1Y : 2: 3. 1 4. L· 5· • 6.I. 7: | 9. I. 10. I ·11. . 12 13 14 . L. 15. I. 16 . 18 .I 19 March 2 Purchased supplies for cash, P7,000 6 Purchased merchandise on account, 2/10, n/30, P18,000 8 Returned one third of the inventory purchased in March 6 10 Sold goods for cash, P15,000 15 Sold goods on account, terms 2/15, n/30 P25,000 16 Paid the amount owed from the purchase on March 6 17 Received inventory returned from March 15 sale, P2,000 19 Purchased inventor of P30,000 on account, terms 2/10.n/30 29 Borrowed P32,000 from the bank and paid the purchase made on March 19. Signed a note payable to the bank. 30 Received cash from the customers who purchased on March 15 Page 5 of 14 2265 words R English (United States) O Focus 124% 16 Leave Unmute Start Video Participants Chat Share Screen Record Reactions Apps
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