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Directions: Record the following selected transactions in a general journal Dec. 1 Issued Check No . 1 1 0 to Black Company for a 9
Directions:
Record the following selected transactions in a general journal
Dec. Issued Check No to Black Company for a day note due
today. The face value of the note is $
Received a day, note for $ from Jed Kissell as partial payment
on account
Purchased office equipment on credit from Modem Equipment Company
For $ plus freight charges of $ and an installation charge of $
The equipment purchased on December was damaged in ne process ouf
installation. Issued Check No to Ms Fixit Co for the amount of the
repair, $t
A note from Pat Sterns for $ that was due today was dishonored
When it was presented for payment. The day note carried interest at
Wrote off the account of Peg Fuller for $
Purchased merchandise from Evans Company as follows: units & $;
terms, n
Issued Check No to pay Livingston Company the December balance
due, less a discount.
Issued Check No to increase the petty cash fund by $
Collected a day, note with a face value of $ due today.
Soldan item of store equipment that cost $ and had been depreciated
through the end of November at the rate of $ a month for a total
depreciation of $ Received cash of $ for the sale.
Borrowed $ by issuing a day, note.
Issued Check No to pay Empire Company for the December balance.
Issued Check No to pay the purchase of December
Carol Davis, whose account was written off last year, paid the $ balance
due to us Reinstated the account and recorded the collection.
Purchased merchandise from Evans Company as follows: units @
$; terms
Issued Check No to the owner for a cash withdrawal of $
Recorded interest accrued on the note of December
Adjusted for merchandise inventory. A total of units are on hand.
There was no beginning inventory.
Recorded accrued salaries. Weekly salaries for a fiveday week amount to
$ The year ended on a Monday, with salaries to be paid the
following Monday.
Recorded insurance expired, $ Insurance is recorded initially as an asset.
Recorded interest accrued on the note issued on December
Aged the accounts receivable and adjusted the Allowance for Doubtful
account to a balance of $
Journal general entries with the formula please
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