Question
Consider the following transactions of PendantPendant Software: Mar. 31 Recorded cash sales of $210,000, plus sales tax of 9% collected for the state of New
Consider the following transactions of
PendantPendant
Software:
Mar. | 31 | Recorded cash sales of $210,000, plus sales tax of 9% collected for the state of New Jersey. |
Apr. | 6 | Sent March sales tax to the state. |
Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Mar.
31:
Recorded cash sales of
$210,000,
plus sales tax of
9%
collected for the state of New Jersey. (Prepare a single compound entry for this transaction.)
Date | Accounts and Explanation | Debit | Credit | ||
Mar. 31 |
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Date | Accounts and Explanation | Debit | Credit | ||
Apr. 6 |
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_______________________________________________________________________________________
Consider the following note payable transactions of
Concilio
Video Productions.
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Journalize the transactions for the company for ALL TRANSACTIONS (2015-JUN & DEC. 2016-JUN (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Jun.
1,
2015:
Purchased equipment costing
$30,000
by issuing a one-year,
3%
note payable.
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Jun. 1 |
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___________________________________________________________________________________________
TravisTravis
Publishing completed the following transactions during
2016:
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Journalize ALL the transactions for OCT, NOV, & DEC (explanations are not required). (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.)
Oct.
1: Sold a six-month subscription (starting on November 1), collecting cash of
$420,
plus sales tax of
6%.
(Prepare a single compound entry for this transaction.)
Date | Accounts and Explanation | Debit | Credit | ||
Oct. 1 |
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