Comprehensive Demonstration Page 281

kindly make the following:

1.Sales Journal

2. Cash Receipts

3.Gen.Journal

4.Ledgers

5.Partial Gen.Ledger

6.Schedule of account Receivable

Thank you so

much your great helped is highly appreciated

Chapter Assignments (Students please note that this Comprehensive Problem is part one of a two-part series, and many instructors will want you to complete this part of the problem at the same time as the balance of the problem at the same point in Chapter 7 . It can be done at this point, but will have a more comprehensive feel to it if it is completed at the same time as part two in the next chapter. In any event, the forms you need are in the Workbook and on a. For the Walter Lantz Co. in July, 2022 , journalize, record, and post the following transactions as needed to the sales, cash receipts, and general journals. All terms are 2/10,n/30 b. Prepare a schedule of accounts receivable. uly 2 Walter Lantz invested $8,000 in the business. SJ 4 Sold merchandise on account to Panda Co., invoice No. 1$300. Cost of inventory was $225. SJ 5 Sold merchandise on account to Buzzard Co., invoice No. 2 - $600. Cost of inventory was $450. CR 6 Cash sale $400. Cost of inventory was $300. GJ 8 Issued credit memorandum No. 1 to Panda Co. for defective merchandise $100. Cost of inventory was $75. CRJ 11 Received cheque from Panda Co. for invoice No. 1 less returns and discount. 16 Cash sale- $500. Cost of inventory was $375. 19 Sold merchandise on account to Panda Co. $550, invoice No. 3. Cost of inventory was $412.50. accritints. Don' Accounts reculvable subsidiary ledger usually contains accounts with debit balances. Accounts Receivable Subsidiary Ledger 281 The controlling accounts for Accounts Receivable at the end of the month equal 5, Exercises, the sum of the accounts receivable subsidiary ledger. adgers Sales tanding Accounts Chapter Assignments (Students please note that this Comprehensive Problem is part one of a two-part series, and many instructors will want you to complete this part of the problem at the same time as the balance of the problem at the same point in Chapter 7 . It can be done at this point, but will have a more comprehensive feel to it if it is completed at the same time as part two in the next chapter. In any event, the forms you need are in the Workbook and on a. For the Walter Lantz Co. in July, 2022 , journalize, record, and post the following transactions as needed to the sales, cash receipts, and general journals. All terms are 2/10,n/30 b. Prepare a schedule of accounts receivable. uly 2 Walter Lantz invested $8,000 in the business. SJ 4 Sold merchandise on account to Panda Co., invoice No. 1$300. Cost of inventory was $225. SJ 5 Sold merchandise on account to Buzzard Co., invoice No. 2 - $600. Cost of inventory was $450. CR 6 Cash sale $400. Cost of inventory was $300. GJ 8 Issued credit memorandum No. 1 to Panda Co. for defective merchandise $100. Cost of inventory was $75. CRJ 11 Received cheque from Panda Co. for invoice No. 1 less returns and discount. 16 Cash sale- $500. Cost of inventory was $375. 19 Sold merchandise on account to Panda Co. $550, invoice No. 3. Cost of inventory was $412.50. accritints. Don' Accounts reculvable subsidiary ledger usually contains accounts with debit balances. Accounts Receivable Subsidiary Ledger 281 The controlling accounts for Accounts Receivable at the end of the month equal 5, Exercises, the sum of the accounts receivable subsidiary ledger. adgers Sales tanding Accounts