Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $390 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $150 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $40 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. Page: 1 DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 20-- Aug. 4 fill in the blank 2 fill in the blank 3 1 2 fill in the blank 5 fill in the blank 6 2 3 fill in the blank 8 fill in the blank 9 3 4 4 5 Aug. 6 fill in the blank 11 fill in the blank 12 5 6 fill in the blank 14 fill in the blank 15 6 7 fill in the blank 17 fill in the blank 18 7 8 8 9 Aug. 10 fill in the blank 20 fill in the blank 21 9 10 fill in the blank 23 fill in the blank 24 10 11 fill in the blank 26 fill in the blank 27 11 12 12 13 Aug. 13 fill in the blank 29 fill in the blank 30 13 14 fill in the blank 32 fill in the blank 33 14 15 fill in the blank 35 fill in the blank 36 15 16 16 17 Aug. 15 fill in the blank 38 fill in the blank 39 17 18 fill in the blank 41 fill in the blank 42 18 19 fill in the blank 44 fill in the blank 45 19 20 20 21 Aug. 20 fill in the blank 47 fill in the blank 48 21 22 fill in the blank 50 fill in the blank 51 22 23 23
Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Prepare journal entries for the following transactions. Aug. 4 Sold merchandise on account to S. Miller for $390 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $150 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $40 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. Page: 1 DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 20-- Aug. 4 fill in the blank 2 fill in the blank 3 1 2 fill in the blank 5 fill in the blank 6 2 3 fill in the blank 8 fill in the blank 9 3 4 4 5 Aug. 6 fill in the blank 11 fill in the blank 12 5 6 fill in the blank 14 fill in the blank 15 6 7 fill in the blank 17 fill in the blank 18 7 8 8 9 Aug. 10 fill in the blank 20 fill in the blank 21 9 10 fill in the blank 23 fill in the blank 24 10 11 fill in the blank 26 fill in the blank 27 11 12 12 13 Aug. 13 fill in the blank 29 fill in the blank 30 13 14 fill in the blank 32 fill in the blank 33 14 15 fill in the blank 35 fill in the blank 36 15 16 16 17 Aug. 15 fill in the blank 38 fill in the blank 39 17 18 fill in the blank 41 fill in the blank 42 18 19 fill in the blank 44 fill in the blank 45 19 20 20 21 Aug. 20 fill in the blank 47 fill in the blank 48 21 22 fill in the blank 50 fill in the blank 51 22 23 23
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...
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Journalizing Sales, Sales Returns and Allowances, and Cash Receipts
Prepare
Aug. 4 | Sold merchandise on account to S. Miller for $390 plus sales tax of 4%, with 2/10, n/30 cash discount terms. | |
6 | Sold merchandise on account to K. Krtek for $150 plus sales tax of 4%. | |
10 | S. Miller returned merchandise purchased on August 4 for $40 plus sales tax for credit. | |
13 | S. Miller paid the balance due on her account. | |
15 | K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. | |
20 | K. Krtek paid the balance due on his account. |
Page: 1
DATE | ACCOUNT TITLE | DOC. NO. |
POST. REF. |
DEBIT | CREDIT | ||
---|---|---|---|---|---|---|---|
1 | 20-- Aug. 4 |
fill in the blank 2 | fill in the blank 3 | 1 | |||
2 | fill in the blank 5 | fill in the blank 6 | 2 | ||||
3 | fill in the blank 8 | fill in the blank 9 | 3 | ||||
4 | 4 | ||||||
5 | Aug. 6 | fill in the blank 11 | fill in the blank 12 | 5 | |||
6 | fill in the blank 14 | fill in the blank 15 | 6 | ||||
7 | fill in the blank 17 | fill in the blank 18 | 7 | ||||
8 | 8 | ||||||
9 | Aug. 10 | fill in the blank 20 | fill in the blank 21 | 9 | |||
10 | fill in the blank 23 | fill in the blank 24 | 10 | ||||
11 | fill in the blank 26 | fill in the blank 27 | 11 | ||||
12 | 12 | ||||||
13 | Aug. 13 | fill in the blank 29 | fill in the blank 30 | 13 | |||
14 | fill in the blank 32 | fill in the blank 33 | 14 | ||||
15 | fill in the blank 35 | fill in the blank 36 | 15 | ||||
16 | 16 | ||||||
17 | Aug. 15 | fill in the blank 38 | fill in the blank 39 | 17 | |||
18 | fill in the blank 41 | fill in the blank 42 | 18 | ||||
19 | fill in the blank 44 | fill in the blank 45 | 19 | ||||
20 | 20 | ||||||
21 | Aug. 20 | fill in the blank 47 | fill in the blank 48 | 21 | |||
22 | fill in the blank 50 | fill in the blank 51 | 22 | ||||
23 | 23 |
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