On September 4, Roberta's Knickknacks buys merchandise on account from Dolan Company. The selling price of the

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On September 4, Roberta's Knickknacks buys merchandise on account from Dolan Company. The selling price of the goods is $900 and the cost of goods is $600.
(Credit account titles are automatically indented when the amount is entered. Do not Indent manually.)
1. Journalize the transactions on the books of Roberta's Knickknacks.
Date Account Titles and Explanation Credit Debit Sept. 4

2. Journalize the transactions on the books of Dolan Company.

Date Account Titles and Explanation Sept. 4 Debit Credit (To record credit sale) (To record cost of good sold)
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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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