Moving Question 13 A company entered into the following transactions. Match each transaction with the appropriate journal in which A. Cash payments journal ✓Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August 1. B. Purchases journal ✓ Paid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758. c. General Journal - Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Involce No. 246. Cost of Goods Sold is $1,740. D. Cash receipts journal ✓ Received cash payment in full from Delta Corp. for August 5 sale. E. Sales Journal ✓ Recorded cash sales for the month, $9,000. ✓ Returned defective inventory purchased on account from Able Co. for $550

Moving Question 13 A company entered into the following transactions. Match each transaction with the appropriate journal in which A. Cash payments journal ✓Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August 1. B. Purchases journal ✓ Paid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758. c. General Journal - Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Involce No. 246. Cost of Goods Sold is $1,740. D. Cash receipts journal ✓ Received cash payment in full from Delta Corp. for August 5 sale. E. Sales Journal ✓ Recorded cash sales for the month, $9,000. ✓ Returned defective inventory purchased on account from Able Co. for $550

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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Your company paid rent of $1,000 for the month with check number 1245. Which journal would the company use to record this? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
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