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Bennett Enterprises issues a $675,000, 45-day, 4% note to Spectrum Industries for merchandise inventory. Required: A. Journalize Bennett Enterprises entries to record (refer to the
Bennett Enterprises issues a $675,000, 45-day, 4% note to Spectrum Industries for merchandise inventory.
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A. | Journalize Bennett Enterprises entries to record (refer to the companys Chart of Accounts for exact wording of account titles):
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B. | Journalize Spectrum Industries entries to record (refer to the companys Chart of Accounts for exact wording of account titles):
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Chart of Accounts-Bennett Ent.
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bennett Enterprises | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Chart of Accounts-Spectrum Ind.
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spectrum Industries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Journal-Bennett Ent.
A. | Journalize Bennett Enterprises entries to record (refer to the companys Chart of Accounts for exact wording of account titles):
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PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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Journal-Spectrum Ind.
B. Journalize Spectrum Industries entries to record (refer to the companys Chart of Accounts for exact wording of account titles):
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PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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