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. v Sold merchandise on credit for $12,000 to Jufair Company. The A. Cash Receipt journal cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Cash Payment journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. C. Purchases journal D. Sales journal v Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. v Paid the amount owed to ABC Company. Check No. 187.
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. v Sold merchandise on credit for $12,000 to Jufair Company. The A. Cash Receipt journal cost of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Cash Payment journal v Purchased merchandise on credit for $3,500 from Juffair Company, terms 3/15, n/60. C. Purchases journal D. Sales journal v Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. v Paid the amount owed to ABC Company. Check No. 187.
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2PA: Preston Company sells candy wholesale, primarily to vending machine operators. Terms of sales on...
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