w.15. Transactions for July, 2022 Batch 1 July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%) July 7 Sold to Zoe Financial Company on credit terms 2/15, n/30 $3,000. (Tax rate:13%) Batch 2 July 15 Paid salaries for 2 employees: Luo Jie, $1,300 cheque #10 and Zheng Rui, $1,600 cheque #15 July 17 Paid for the July 2 purchase on cheque #20.
w.15. Transactions for July, 2022 Batch 1 July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%) July 7 Sold to Zoe Financial Company on credit terms 2/15, n/30 $3,000. (Tax rate:13%) Batch 2 July 15 Paid salaries for 2 employees: Luo Jie, $1,300 cheque #10 and Zheng Rui, $1,600 cheque #15 July 17 Paid for the July 2 purchase on cheque #20.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 8PA: Serene Company purchases fountains for its inventory from Kirkland Inc. The following transactions...
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qw.15.
Transactions for July, 2022
Batch 1
July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%)
July 7 Sold to Zoe Financial Company on credit terms 2/15, n/30 $3,000. (Tax rate:13%)
Batch 2
July 15 Paid salaries for 2 employees: Luo Jie, $1,300 cheque #10 and Zheng Rui, $1,600 cheque #15
July 17 Paid for the July 2 purchase on cheque #20.
Batch Number: 001 Batch Description: Transaction Batch #1
Entry Number: 001 Entry Description:
Date: Period: Source: GL -
Account Number Account Description Debit Credit
Entry Number: 002 Entry Description:
Date: Period: Source: GL -
Account Number Account Description Debit Credit
Journal Entry Totals
Batch Totals
Batch Number: 002 Batch Description: Transaction Batch #2
Entry Number: 001 Entry Description:
Date: Period: Source: GL -
Account Number Account Description Debit Credit
Journal Entry Totals
Entry Number: 002 Entry Description:
Date: Period: Source: GL -
Account Number Account Description Debit Credit
Journal Entry Totals
Batch Totals
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