Indicate in which of these five journals each transaction described below will be journalized: 1. SJ 2.
Question:
1. SJ
2. PJ
3. CRJ
4. CPJ
5. GJ
_____ a. Issued credit memo No. 2, $130 + 5% GST.
_____ b. Cash sales, $200 + 5% GST.
_____ c. Received cheque from Blue Co., $420, less 3% discount. Invoice had GST at 5%.
_____ d. Bought merchandise on account from Mel Co., $350 + 5% GST, 1/10, n/30, invoice No. 20.
_____ e. Cash purchase, $150 + 5% GST.
_____ f. Issued debit memo to Mel Co., $150 for merchandise returned from invoice No. 20. Remember the GST!
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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