148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Click the icon to view the transactions) Journalize the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system (Record debits first, then credits Select the expla the net amount) Jul 1: Purchase of $24,000 worth of computers on account, terms 1/10, n/30, from Burr Computers Date Accounts and Explanation Debit Credit Jul 1 o Jul 3 Return of $3,500 of the computers to Burr Computers Date Accounts and Explanation Debit Credit Jul 3 Choose from any list or enter any number in the input fields and then continue to the next question. a Type here to search Test: Module 2 Exam: Chapters 5 & 6 10 of 10 (0 complete This Question: 15 pts 148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Cick the icon to view the transactions) Joumalize the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system. (Record debits fin the net amount) Jul 9 Payment made on account to Burr Computers Date Accounts and Explanation Debit Credit Jul 9 Jul 12 Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Date Accounts and Explanation Credit Debit Jul 12 Barnament from around halana Choose from any list or enter any number in the input fields and then continue to the next question E a Type here to search 7 20 Test: Module 2 Exam: Chapters 5 & 6 This Question: 15 pts 10 of 10 (0 complete) 148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Click the icon to view the transactions) Journakze the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system. (Record debits first then credits Se the net amount) Jul 12: Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Date Accounts and Explanation Debit Credit Jul 12 Jul 26. Received payment from Macey Studios on balance due Date Accounts and Explanation Debit Credit Jul 26 Choose from any list or enter any number in the input fields and then continue to the next question Type here O O search 8 THIS Test: chase and sale of merchandise inventory ny uses the periodic inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table Assume the company More Info -- Debit Credit July 1 July 3 July 9 July 12 Purchase of $24,000 worth of computers on account terms of 1/10,n/30, from Burr Computers Return of $3,500 of the computers to Burr Computers Payment made on account to Burr Computers Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Received payment from Macey Studios on balance due July 26 Debit Cred Print Done he next question. a do 148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Click the icon to view the transactions) Journalize the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system (Record debits first, then credits Select the expla the net amount) Jul 1: Purchase of $24,000 worth of computers on account, terms 1/10, n/30, from Burr Computers Date Accounts and Explanation Debit Credit Jul 1 o Jul 3 Return of $3,500 of the computers to Burr Computers Date Accounts and Explanation Debit Credit Jul 3 Choose from any list or enter any number in the input fields and then continue to the next question. a Type here to search Test: Module 2 Exam: Chapters 5 & 6 10 of 10 (0 complete This Question: 15 pts 148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Cick the icon to view the transactions) Joumalize the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system. (Record debits fin the net amount) Jul 9 Payment made on account to Burr Computers Date Accounts and Explanation Debit Credit Jul 9 Jul 12 Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Date Accounts and Explanation Credit Debit Jul 12 Barnament from around halana Choose from any list or enter any number in the input fields and then continue to the next question E a Type here to search 7 20 Test: Module 2 Exam: Chapters 5 & 6 This Question: 15 pts 10 of 10 (0 complete) 148. Fast Electronics and Supply has the following transactions in July related to purchase and sale of merchandise inventory (Click the icon to view the transactions) Journakze the transactions for Fast Electronics and Supply assuming that the company uses the periodic inventory system. (Record debits first then credits Se the net amount) Jul 12: Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Date Accounts and Explanation Debit Credit Jul 12 Jul 26. Received payment from Macey Studios on balance due Date Accounts and Explanation Debit Credit Jul 26 Choose from any list or enter any number in the input fields and then continue to the next question Type here O O search 8 THIS Test: chase and sale of merchandise inventory ny uses the periodic inventory system. (Record debits first, then credits. Select the explanation on the last line of the journal entry table Assume the company More Info -- Debit Credit July 1 July 3 July 9 July 12 Purchase of $24,000 worth of computers on account terms of 1/10,n/30, from Burr Computers Return of $3,500 of the computers to Burr Computers Payment made on account to Burr Computers Sold computers on account for $11,000 to Macey Studios, terms 2/15, n/30 Received payment from Macey Studios on balance due July 26 Debit Cred Print Done he next question. a do
