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Please journalize the transactions. 1 September 1 September 1 September You purchased 20 items of SKU112820, 10 SKU112821, 15 SKU112822, and 12 SKU112823 from Focus
Please journalize the transactions.
1 September 1 September 1 September You purchased 20 items of SKU112820, 10 SKU112821, 15 SKU112822, and 12 SKU112823 from Focus Bikes. You received all the stocks ordered and paid 20% of the purchase price together with the freight of $253 incl. GST. You agreed to pay Focus Bikes the balance on 5th October. You paid $11,440 incl. GST for a three-month product liability insurance policy to Society Insurance. You received $46,750 incl. GST cash in advance from clients for a one-year subscription to your company featured magazine, "RideOn".
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Date September Particulars Debit in s Credit in s 1 Purchases Focus Bikes ...
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
