The Sears company had the following business transactions during December: Reguired: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below Sold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167 B. Purchases joumal C Cash Receipt joumal Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journal C. erms 3/15, n/60. D. sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400, - Paid the amount owed to ABC Company. Check No. 187,

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
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QUESTION 4
The Sears company had the following business transactions during December:
Required:
Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below
Sold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journal
of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No.
167.
B. Purchases journal
C. Cash Receipt journal
A.
B.
Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journal
c.
erms 3/15, ni60.
D.
sold merchandise for $1.000 cash to CAR corp., Invoice No. 145.
The cost of the goods soid is $400.
- Paid the amount owed to ABC Company. Check No. 187.
QUESTION S
A company had the following purchases during its first year of operations:
Purchases
30 units at $40
35 units at $20
Sales
January
March
May
42 units at $00
ChokS A
Transcribed Image Text:QUESTION 4 The Sears company had the following business transactions during December: Required: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below Sold merchandise on credit for $12,000 to Jufair Company. The cost A Cash Payment journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Purchases journal C. Cash Receipt journal A. B. Purchased merchandise on credit for $3,500 from Juffair Company, D. Sales journal c. erms 3/15, ni60. D. sold merchandise for $1.000 cash to CAR corp., Invoice No. 145. The cost of the goods soid is $400. - Paid the amount owed to ABC Company. Check No. 187. QUESTION S A company had the following purchases during its first year of operations: Purchases 30 units at $40 35 units at $20 Sales January March May 42 units at $00 ChokS A
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