Chapter 9 Quiz
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l'Entuer deb\": before credits 1] E] ( Prev 3 of 5 Next ) _ aeles ( C I 9 Secure hpsnewconnect.mheducationeomi'flnwiconnect.htrnl Guizs 0 Sang! Help Sana Exit Submit 3 Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With The Sunuust Bank Card, a 4% service charge [or credit card sales is assessed The second credit card that Levine accents is the Continental Card. Continental assesses a 2.5% charge on sales for using its card_ a sale memhandiae for 53,500 [that had cost. 52.660) and accepted che cuatdmez'a Buntnlet Bank eazd. Apr. g 12 Suld merchandise far as, non [that had cost. $3, an) and acmptad the cuetunlaz ' e Cuntinental Card. Preparejournal entries to record the above selected credit card transactions of Levi ne Company-l (Round your answers to the nearest E! whole dollar amount.) Pllrll mamm- Journal Entry Worksheet 0 5] E [E] E] | Record the cost of goods sold. 52,664]. l'Entuer deb\": before credits 1] E] Next ) ( Prev Suf _ Qlei ( C I 9 Secure hpsnewconnect.mheducationeomi'flnwiconnect.htrnl Guizs 0 seed Help Sana Exit Submit 3 Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With The Sunuust Bank Card, a 4% service charge [or credit card sales is assessed The second credit card that Levine accents is the Continental Card. Continental assesses a 2.5% charge on sales for using its card_ a sale memhandiae for 53,500 [that had cost. 52.660) and accepted che cuetdmez'a Buntzuet Bank eazd. Apr. g 12 Suld merchandise far as, non [that had cost. $3, Edi!) and acmptad the cuetunlaz ' e Cuntinental Card. Preparejournal entries to record the above selected credit card transactions of Levi ne Company-i (Round your answers to the nearest in whole dollar amount.) Pilnl mamm- Journal Entry Worksheet 0 5] [2] El E1 Sold merchandise for $5,000 and accepted the customer's Continental { Card. Apl12 l'Entuer deb\": before credits 1] E] Next ) ( Prev Suf _ aeles ( C I 9 Secure hpsnewconnect.mheducationeomi'flnwiconnect.htrnl Guizs 0 Sang! Help Sana Exit Submit 3 Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With The Sunuust Bank Card, a 4% service charge [or credit card sales is assessed The second credit card that Levine accents is the Continental Card. Continental assesses a 2.5% charge on sales for using its card_ a sale memhandiae for 53,500 [that had cost. 52.660) and accepted che cuatdmez'a Buntnlet Bank eazd. Apr. g 12 Suld merchandise far as, non [that had cost. $3, an) and acmptad the cuetunlaz ' e Cuntinental Card. Preparejournal entries to record the above selected credit card transactions of Levi ne Company-l (Round your answers to the nearest E! whole dollar amount.) Pllrll mamm- Journal Entry Worksheet 0 5] [2] [E] El | Record the cost of goods sold. 53,244]. Apl12 l'Entuer deb\": before credits 1] E] Next ) ( Prev Suf _ ( C I 9 Secure hpswnewconnect.mheducation.com,lflnwiconnec1.htrm Q 311" e 5 cats 0 see: Hulp Sana an Submit check my walk Dexter Company applles the direct wIIte-o melhod In accounting for uncollectlble accounts. latch 11 Dexter determines mm. 1: came: ceuee: 59,ano of us accaunre receivable from ice cueremer Leer Company. 29 Leer Company unexpectedly pays its account 111 full. to Dexter Company. Dexter recur-as its receuery of this ban @ dabt. \"'m Preparejourna' entrles to record the above se'ected transacuons ofDexter. 3. WWW\" Journal Entry Worksheet 0 [2] [i] | Record write D of Leer Company account. March 11 *Enlzr debits before credits (I) E] ( Prev ll of 5 Next ) _ ( C I 9 Secure hpswnewconnect.mheducation.com,lflnwiconnec1.htrm Q 311" e 5 cats 0 see: Hulp Sana an Submit check my walk Dexter Company applles the direct wIIte-o melhod In accounting for uncollectlble accounts. latch 11 Dexter determines mm. 1: came: ceuee: 59,ano of us accaunre receivable from ice cueremer Leer Company. 29 Leer Company unexpectedly pays its account 111 full. to Dexter Company. Dexter recur-as its receuery of this ban @ dabt. \"'m Preparejourna' entrles to record the above se'ected transacuons ofDexter. 3. WWW\" Journal Entry Worksheet 0 3 E [i] | Record the reinstatement of an account pravinlshr wntten o'. *Enlzr debits before credits (I) E] ( Prev ll of 5 Next ) _ ( C I 9 Secure hpswnewconnect.mheducationeomf'flnwiconnem.htrm Q 311" e 5 cats 0 Sun! Help Sana Err: Submit check my walk Dexter Company applles the direct wIIte-o melhod In accounting for uncollectlble accounts. latch 11 Dexter determines mm. it came: ceuee: 59,ano of us accaunre receivable from ice cueremer Leer Company. 29 Lee: Company unexpectedly pays its account 111 full. to Dexter Company. Dexter recur-as its receuery of this bed a debt. \"'m Preparejourna' entrles to record the above smeared transacuons ofDexter. 3. WWW\" Journal Entry Worksheet 0 3 [2] El Record the cash received on account. 4 P *Enler debits before credits (I) E] ( Prev ll of 5 Next ) _ ( C I 9 Secure hpsnewconnect.mheducationcoml'flnwiconnecl.html Q 311" e 5 Gule 0 Sang! Help Sena em Subvllll check my wall: Followlng are selected Iransacoms of Danlca Compamy for 2016. DEC. 13 accepted a 518,000, ISdly, an me dated December 1.3 in granting air-nae me a tine extanainn on he: platdue aeceum: receivable. 31 Prepared an adjusting Entry to award the accrued inaezeat en the Lee note. a I Ml Complete the table to calculate the Interest amounts at December 3151ancl use the calculated value to prepare yourJournaI entrles. {Do not round your lnhermeiale calculations. Use 360 days a year.) Willhqu-un hmemth-hh. lnberest General Arr-Junls I Jeumal I Cnmphh the tablet: calculate the Interest amnunls at December 313'. Pmclpll Rm m Tlmo MI Incl-l1 ] ii] Next ( Prev 5uf5 _ ( C I 9 Secure hpsnewconnect.mheducationeoml'flnwiconnect.html Q 311" e 5 Gule 0 see: Help Sun-a an Submll check my walk i Follnw1ng are selected transacons of Danlca Company for 2016. Dec. 13 accepted a s1s,ouu, \"any. at note dated December 1.3 in granting nuance Lee a time extension on he: paetrdue euceunt receivable. 31 Prepared en adjusting entry te mere the accrued intezeet en the Lee note. 5: Complete the table to calculate the Interest amounts at December 3151 and use the calculated value to prepare yourjournal entes. {Do not round your lnhemtedlate calculations. Use BED days a year.) manhunt-non bronbuimwwmnhnhhhm. lnherest General I Amounts I Jnumal Use the alarmed velue l1: prepare yuur journal ant-lee. vie-rumba lbt ih-F-ihlnlll Journal Entry Worksheet 0 Record acceptance nla $13,000, 4511314; 3% note dated December 13 In ' granting Muanda Lee a time extension on her patedue euwunt receivable. ' Doc 13. 2016 \"Enter debits befnre credits E1 E1 ( Prev 5 of 5 Next _ ( C I 9 Secure hpswnewconnect.mheducationeomf'flnwiconnect.htrm Q {7| 3 E Guts o See-1 Help Sun-am: Submll 5 Follnw1ng are se'ected transacons of Danlca Company for 2016. Dec. 13 accepted a s1s,ouu, \"any. at note dated December 1.3 in granting nuance Lee a time extension on he: peetrdue euceunt zeceiveble. 31 Prepared en adjusting entry te mere the accrued intezeet en the LEE note. 5: Complete the table to calculate the Interest amounts at December 3151 and use the calculated value to prepare yourjournal errtr1es. {Do not round your lnhemtedlate calculations. Use BED days a year.) manhunt-non bronbuimwwmnhnhhhm. lnherest General I Amounts I Jnumal Use the alarmed velue l1: prepare yeur journal entries. vie-rumba lbt ih-F-ihlnlll Journal Entry Worksheet 0 3 3 Prepare an adjusting entry to record the aecmed Interest on the Lee note. i P Doc 31 . 21116 \"Enter debits befnre credits E1 E1 Next ( Prev 5uf5
