Selecting the correct book of prime entry Renea is the owner of a retail unit. Her business's
Question:
Selecting the correct book of prime entry Renea is the owner of a retail unit. Her business's accounting system includes all seven books of prime entry as part of her books of account. The following transactions were among those that occurred during September 2014. In each case decide which book of prime entry should be used to make the first record of the transaction.
Transcribed Image Text:
Received an invoice for some new equipment for business use Sept 3 6 6 Cheque stub showed the payment of rent for the month 11 Entries were made to correct a mistake made by the bookkeeper 14 Invoice was issued for the sale of goods on credit 15 Credit note was issued for the return of goods by a customer 20 A voucher showed the purchase of postage stamps 23 Invoice was received for goods for resale 25 Some of the new equipment was found to be faulty and was retumed to the supplier
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
ANSWER Sept 13 Purchase Book Sept 11 Rent Book Sept 14 Sales ...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
The following transactions were among those completed by Childer Wholesale Jewelers this year: Feb. 15 Wrote off as uncollectible the account of Mabes, Inc., $ 1,762.50. The company had gone out of...
-
The accompanying table can be used to make paired comparisons of the desirability of salary, deferred compensation, and pensions as a function of a = current and future employer marginal tax rates, b...
-
Which fund or account group should be used to record the following? 1. A primary governments general fund equity interest in a joint venture. 2. Fixed assets of a governmental unit, other than those...
-
A psychologist shows a list of eight activities to a subject in an experiment. How many ways can the subject pick a first, second, and third activity? a. Identify the total number of objects n and...
-
Assuming that each single-replacement reaction occurs, predict the products and write each balanced chemical equation. a. Li + MgSO4 ( ? b. NaBr + Cl2 ( ?
-
Montoya Tutoring Service completed the following transactions. Journalize the transactions in general journal form, including brief explanations. Mar. 1 Bought equipment for $ 5,798 from Teaching...
-
When is the cost of capital equal to the cost of equity? Can the cost of capital be equal to the cost of debt?
-
You would like to buy an industrial property in Pointe-Claire that has two tenants occupying all of the leasable area. The current owner provides you with the following information. One tenant has...
-
Write the expression as a decimal number. 1 1 6 x 1 + 8 x 1 + 6 x + 6 x 10 100 1000 Submit
-
How do social search, semantic search, and mobile search differ from searching for information on the Web using conventional search engines?
-
A retailer has not maintained full accounting records. The following information was available for the business's financial year ended on 30 April 2014. What was the value of the business's trade...
-
A business started trading on 1 June 2013. The owner has not kept full accounting records. The following information is available for the year ended 31 May 2014. All purchases are made for cash and...
-
The pOH of a solution is 9.40. Calculate the hydrogen ion concentration of the solution.
-
(20 points) A company can produce and sell five products for the next quarter. The following table shows the variable cost of producing each unit of a product, the sales price of each unit of a...
-
a) Draw the individual modes (circuits) of operation as discussed in class. In each (circuit) mode, show clearly which device is conducting and which one isn't. Using clearly marked arrows, show the...
-
What are some of the factors that influence elasticity of demand? Define peak season and off-season for hospitality, in terms of their effect on price. What is the impact of price elasticity on...
-
Monitoring and measuring the success of our marketing programs is extremely important. Selecting measures (metrics) that are meaningful and relatively easy to monitor is very important. Let's assume...
-
The Government" and "politicians" are often rated very low in terms of the stakeholders view of their effectiveness and motives. Often associations and special interest groups are effective at...
-
One way to gauge the general value of one currency relative to other currencies is to calculate the trade-weighted exchange rate, which is an index number similar to the consumer price index. The...
-
Sandcastles, Inc.s management has recently been looking at a proposal to purchase a new brick molding machine. With the new machine, the company would not have to buy bricks. The estimated useful...
-
Describe the situations that would lead to the use of the three different buying processes for a particular productlightweight bumpers for a pickup truck.
-
Why would an organizational buyer want to get competitive bids? What are some of the situations when competitive bidding cant be used?
-
How likely would each of the following be to use competitive bids? ( a ) a small town that needed a road resurfaced, ( b ) a scouting organization that needed a printer to print its scouting...
-
The 100,000 cars in your city experience unrecoverable losses of $15,000,000 per year from theft, collisions, etc. If 35% of premiums are used to cover business expenses, what premium must be charged...
-
Sky Company employed Tom Mills in Year 1. Tom earned $5,800 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the first $130,000 of earnings, and the Medicare...
-
Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100...
Study smarter with the SolutionInn App