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During September 2 0 X 1 , Interior Designs Specialty Shop, a retail store, had the transaction , led below. The general ledger accoun used
During September X Interior Designs Specialty Shop, a retail store, had the transaction led below. The general ledger accoun used to record these transactions are also provided below.
GENERAL LEDGER ACCOUNTS
tableCash,,,Notes receivable,$tableSales returns and allowancesPurchasesAccounts receivable,tabletablePurchasesFreight inSupplies,tableFreight inPurchasestableInventoryNotes payabletablePurchases returns and allowancesPurchases discountstabletableNotes payableAccountstablePurchases discountsCash short or overtabletableAccounts payableSales tax pavahleRent expensetableSales tax payableSergio Cortez, CapitalSalaries expensetableSalesSargez CapitalUtilities expense
DATE TRANSACTIONS
Sept. Received a check for $ from David Prater to pay his account.
Issued Check for $ to Sadler Floor Coverings, a creditor, in payment of Invoice dated August
Sold a table for $ to pay the monthly rent.
Sergio Cortez, credit for $ plus sales tax of $ to Pam Lawrence, Sales Slip
Had cash sales of $ invested an additional $ cash in the business in order to expand operations.
Purchased carpeting for $ from Reed of $ during the period September ; there was a cash shortage of $
Issued Check for $ to TriCity Trucking Company, Invoice dated September ; terms of Company to pay the freightcharge on goods received from Reed Millings
Sold chairs on credit for $ plus sales tax of $ to Henry Tolliver, Sales Slip
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