Century 21 Accounting Multicolumn Journal
11th Edition
ISBN: 9781337679503
Author: Gilbertson
Publisher: Cengage
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Ex 9.12
Enter each of the following invoices into a multi-column sales journal. Driscoll Company sells two kinds of safety equipment: helmets (H) and safety shoes (S). Terms are all 2% 10 days, net 30. Total all the columns and cross-add the journal. Place appropriate account numbers at the
bottom of each column to show where the totals would be posted. No need to record to individual accounts. Driscoll uses 1400 as their Accounts Receivable controlling account in the general ledger, 4100 for Helmet Sales, and 4200 for Safety Shoe Sales.
2016
Feb.
3 Inv. 301 Sold $200 (H) plus $100 (S) to Parkay Management.
7 Inv. 302 Sold $350 (H) plus $250 (S) to Ferlow Inspections.
11 Inv. 303 Sold $150 (H) plus $550 (S) to Merlet Waste Management.
15 Inv. 304 Sold $600 (H) plus $300 (S) to Parkay Management.
19 Inv. 305 Sold $700 (S) to Arkadia Company. (No helmet sales for this invoice.)
24 Inv. 306 Sold $400 (H) plus $150 (S) to Snake Creek & Co.
28 Inv. 307 Sold $500 (H) plus $250 (S) to…
4-C Challenge Problem p118 century 21 accounting: general journal 11th edition
Liam Liu owns a service business that uses a general journal that is different from the journal used in this chapter. The made general journal and general ledger accounts (before posting) are provided. Post from the general journal to the general ledger.
Question 25 of 30 . True or False - When creating a time slip in Sage 50, you can only enter the time using the available timer. True False
26 of 30. True or False - Prior to creating time slips in Sage 50, you need to set up service activity items. ) True False
27 of 30 What can time slips be used for in Sage 50 Premium Accounting? Select ALL that apply.,
To bill customers for the hours or fime spent on activities
To pay employees based on the number of hours spent on various activities
To create purchase invoices based on the activites.
To create purchase quoles based on the time spent on activities Mark for follow up
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