Journalize, record, and post when appropriate the following transactions in the general journal (page 2) (all sales
Question:
Journalize, record, and post when appropriate the following transactions in the general journal (page 2) (all sales carry terms of 2/10, n/30):
Use the following account numbers: Accounts Receivable, 112; Sales, 411; Sales Returns and Allowances, 412; Sales Discounts, 413. The company uses the periodic system.
Transcribed Image Text:
201X Aug. 16 Sold merchandise on account to Opal Co., invoice no. 1, $1,100. 18 Sold merchandise on account to Glenda Co., invoice no. 2, $2,000. 20 Issued credit memorandum no. 1 to Glenda Co. for defective merchandise, $740.
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Date 201X Account Titles and Description PR Dr Cr Aug 16 Account...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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