Prepare the relevant journals for the dates in January 2022 and post them to the general and
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Prepare the relevant journals for the dates in January 2022 and post them to the general and subsidiary ledgers for M Bowman, who uses periodic inventory.
5 Purchased inventory for $3993 ($3630 + $363 GST) from A Harris.
6 Sent tax invoice and goods totalling $9339 ($8490 + $849 GST) to A Fox.
16 Received cheque from A Fox for $9339.
20 Bank advised cheque deposited on 16 January from A Fox had been dishonored.
25 Received funds from A Fox in full payment of tax invoice.
28 Paid A Harris for purchase on 5 January, less $198 ($180 + $18 GST) discount.
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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