D Michael sold goods to M Farrah for $25 905 ($23 550 + $2355 GST) on 15
Question:
D Michael sold goods to M Farrah for $25 905 ($23 550 + $2355 GST) on 15 April 2022. On 7 May a bill receivable is signed, maturing on 28 November 2022. The bill is met on the due date.
Show in the books of D Michael the sales, general and cash receipts journals as well as the general ledger accounts and the accounts receivable ledger.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
To record the transaction in the books of D Michael we will use the Sales Journal General Jo...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted:
Students also viewed these Business questions
-
M Farrah purchased goods from D Michael for $25 905 ($23 550 + $2355 GST) on 15 April 2022. On 7 May a bill payable is signed, maturing on 28 November 2022. The bill is met on the due date. Show in...
-
The sales and cash receipts journals of Caverly Office Products include the following entries: Identify the missing information in the cash receipts journal for those transactions listed. All credit...
-
The sales and cash receipts journals of Reynolds Office Products include the following entries: Identify the missing information in the cash receipts journal for those transactions listed. There are...
-
Let a = (4, 5) and 6 = (-4,-2). Find the projection of b onto a. proj; b = =V
-
LIBOR zero rates are flat at 5% in the U.S and flat at 10% in Australia (both annually compounded). In a four-year diff swap Australian LIBOR is received and 9% is paid with both being applied to a...
-
Find and graph or sketch the solution of the IVP. Show the details. y" + 5y + 6y = u(t - 1) + (t - 2), y(0) = 0, y (0) = 1
-
A person who is always willing to volunteer for extra work or to help someone else with their work or to contribute personal time to support an organizational social event can be said to be high in...
-
AgriChem Industries manufactures fertilizer concentrate and uses cost standards. The fertilizer is produced in 500-pound batches; the normal level of production is 250 batches of fertilizer per...
-
PARTNERSHIP INCOME DISTRIBUTION: For partnership C, if the remainder of the partnerships net income is 150,000 and there are three partners among whom the remainder is divided equally, how much is...
-
On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25 000, equipment $2000 and a motor vehicle $15 000. On 1 April 2022, A Levstek contributed further funds...
-
On 31 July 2022, R Hunter, who uses the general ledger with control accounts, received $1705 from V Macdonald ($1550 + $155 GST), which had been written off as a bad debt two years ago. You are...
-
If the college put a price ceiling on meals at $4 a meal, what is the quantity bought, the shortage of meals, and the maximum price that someone is willing to pay for the last meal available? Use the...
-
7. (3 marks) Suppose that you wish to estimate the difference between mean pH measurements of rainfalls in two different locations, one in relatively unpolluted area and the other in an area subject...
-
Jon Jane, CFO of the Silly Pool Corp., is evaluating the firm's current capital structure. Currently, the firm has $2.0 million debt in market value. The corporate tax rate is 40 percent. The...
-
Stubs-R-Us is a local event ticket broker. Last year, the company sold 960,000 tickets with an average commission of $10. Because of the general economic climate, Stubs expects ticket volume to...
-
consider the function f ( x ) = 3 x - 1 2 and g ( x ) = x / 3 + 4 . find f ( g ( x ) ) .
-
3) What happens to a rising parcel of air that could cause it to become saturated with water, and what would happen to that same parcel of air if it began to sink, and what type of surface pressure...
-
Both Polaris and Arctic Cat provide warranties on the products they sell. Accurate estimates of these future warranty claims are important. Access the annual report or 10-K for both Polaris (from...
-
Find a least expensive route, in monthly lease charges, between the pairs of computer centers in Exercise 11 using the lease charges given in Figure 2. a) Boston and Los Angeles b) New York and San...
-
Universal Solar Ltd operates three departments a lighting department, a water heating department, and an equipment department. The stores accountant has prepared an income statement by department...
-
Coola Vents Ltd has prepared a fixed budget performance report for the year ended 30 June 2020 as follows. Required (a) Convert the fixed budget performance report prepared by Coola Vents Ltd to a...
-
The fixed budget performance report for the year ended 30 June 2020 for Motueka Mint is as follows. Required (a) Convert the fixed budget performance report prepared by Motueka Mint to a flexible...
-
In terms of AINS 102 Heavy winds from a storm cause damage to the roof shingles of a family's home. This damage is an example of which one of the following financial consequences of loss? Available...
-
5 -- Invoice Table. Each customer receives 10 invoices each year for 10 years. Each invoice as 5 rows, one for each product. Each row has a primary key, customer key, product key, invoice key, and a...
-
What are some financial implications of implementing an EMR system? I. Hiring additional staff II. Purchase of software III. Training staff IV. Upgrade costs V. Purchase more office space VI. Ongoing...
Study smarter with the SolutionInn App