E96 A B F H D E G Below are the transactions for October 2022 for The Brown Company. Owner, Sam Smith has asked you the office manager to record the transactions into the correct joumal. He has supplied you with the following joumals, General Joumal, Sales Journal, Cash Receipts Joumal, Purchase Joumal and Cash Payments Journal Transactions: 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Share 2 Owner made a cash investment into the company $26,000 2 Purchased merchandise on account from Racks Co., Invoice No. 743. Terms 2/10,n/30, $700, 3 Paid this months' rent, $920 to the landlord Shifty Rentals Inc., cheque 202 3 Sold $2,500 of merchandise on account to H Holand, sales invoice No 1, torms 1/10, 1/30. Cost of goods sold $1,400 4 Purchased merchandise on account from Gary Co., invoice No.819. Terms 3/15, n/45, $1,500 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No 2, terms 1/10, n/30. Cost of Goods Sold $550 6 Issued debit memorandum No. 101 to Racks Co. for damaged goods re: invoice No. 743, $ 300. 8 Bought supplies on account from Staples for $100, Invoice # 325, term n/30. 10 Paid salaries, $700, cheque 203 10 Sent cheque No 204 to Racks Co. for invoice No. 743 less returns and discount. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount 14 issued credit memo No. 1 to T. Traer for $100 for merchandise returned from Oct 5 sale on account. Cost of goods returned $25. 15 Paid for supplies purchased on October 8, cheque 205 15 Received cash from Traer for the amount duo, less the returns and discount 17 Sent cheque No. 206 to Gary Co. for invoice No. 819 less discount 21 Received Bell Co, telephone bill, to be paid later, $50, term n/30 21 Purchased merchandise on account from Racks Co., Invoice No. 784. Terms 2/10,n/30, $1,050. 23 Sold $500 merchandise for cash, sales invoice No. 3. Cost of goods sold $250, 24 Purchased merchandise from Saw Co. for $1,000 with cheque 207 29 Sold $3,600 of merchandise to C Happy FOB shipping point, Invoice no 4, terms 1/10,n/30. Cost of goods sold 51.800. 29 C. Happy was unhappy with some of the goods and returned $300 debit memo 103. Cost of goods returned $150. Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Receipts Joure Purchase on K L M N E F 25 21 Received Bel Co. telephone bill, to be paid later. 550, term n/30. H J 26 21 Purchased merchandise on account from Racks Co., Invoice No. 784. Tem 2/10, 1/30, $1,050. 27 23 Sold $500 merchandise for cash, sales invoice No. 3. Cost of goods sold $250 28 24 Purchased merchandise from Saw Co. for $1,000 with cheque 207 29 Sold $3,600 of merchandise to CHappy FOB shipping point, Invoice no 4 tems 1/10, 1/30. Cost of goods sold $1,800 30 29 C. Happy was unhappy with some of the goods and retumed $300 debit memo 103. Cost of goods retumed $150. 31 30 C. Happy paid her account in full today less retums and discount 32 31 Withdrew $400 from the business, cheque 208 33 31 Puchased new computer system from IBM computer solutions for $7,800, Invoice 6285. 34 Paid cash $6,300 (chq #209) and put the remaining balance on account. Ters n/30 35 36 37 38 39 40 Chart of Accounts 41 42 Assets Revenue 43 44 101 Cash 400 Sales 45 104 Accounts Receivable 402 Sales Discounts 46 110 inventory 404 Sales Returns and Allowances 47 120 Computer Equipment 48 125 Vehicle Expenses 49 50 Liabilities 500 Advertising Expense 51 505 Rent Expense 52 204 Accounts Payable 510 Salaries Expense 53 515 Supplies Expense 54 Owner's Equity 518 Cost of Goods Sold 55 525 Telephone Expense 56 300 Sam Smith, Withdrawals 57 301 Sam Smith, Capital 58 59 60 61 Required: 62 Home Insert Draw Udld Review View Arial 12 ' Paste 13 C F H K L D E G GENERAL JOURNAL Page 1 3 COMPANY NAME: Date Aceous Titles and Description PR DR (Debit CR (Credit 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 35 36 37 39 40 41 42 43 44 AR Question Details and Hints General Journal 2 Column Sales Journal Anal Paste IV Merge & Center D E F G H 120 C 2 3 COMPANY NAME: Page # Terms N Inv Number PR Dr. Acct Rec Cr. Sales Dr. Cost of Goods Sold Cr Inventory Date Customer Accounts 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Jour Data Formulas Review View Tell me me Insert Draw Page Layout X 14 EEE Arial General 2 Wrap Text 3 IMI Merge & Center $ % ) este fx C G H DE SALES JOURNAL Page # COMPANY NAME: Terms PR Or Acets Red Cr. Sales Dr COGSold Cr. Inventory Inv. Number Date Customer Accounts 4 5 6 7 8 19 20 21 24 25 26 27 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sal Journal Cash Receipts Jon H Cost of Goods Sold Dr D E F G CASH RECEIPTS JOURNAL C A B Page OMPANY NAME Sundry Cost of Goods Sold By Inventory Cr Accounts Recevable Cr Sales Discount Dr Cash Dr Sales Cr Amount Cr Account Name PR Date 3 9 21 22 23 24 25 26 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Rd & Cender Pet AS K D B L E F G H PURCHASE JOURNAL 3 COMPANY NAME: Page 3 Sundry DR DONO UN Date on in Invoice . Accounts Payable Cr Inventory Dr Terms Account Credited PR PR Account Amount 5 Date 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Receipts Jour W E R. A6 Date D E F G H CASH PAYMENTS JOURNAL COMPANY NAME Page Cha No Sundry Dr Accounts Payable Dr Inventory Dr Inventory Cr Cash Cr 6 Dat Account Debited PR B 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Hoceipts 5 6 E96 A B F H D E G Below are the transactions for October 2022 for The Brown Company. Owner, Sam Smith has asked you the office manager to record the transactions into the correct joumal. He has supplied you with the following joumals, General Joumal, Sales Journal, Cash Receipts Joumal, Purchase Joumal and Cash Payments Journal Transactions: 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Share 2 Owner made a cash investment into the company $26,000 2 Purchased merchandise on account from Racks Co., Invoice No. 743. Terms 2/10,n/30, $700, 3 Paid this months' rent, $920 to the landlord Shifty Rentals Inc., cheque 202 3 Sold $2,500 of merchandise on account to H Holand, sales invoice No 1, torms 1/10, 1/30. Cost of goods sold $1,400 4 Purchased merchandise on account from Gary Co., invoice No.819. Terms 3/15, n/45, $1,500 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No 2, terms 1/10, n/30. Cost of Goods Sold $550 6 Issued debit memorandum No. 101 to Racks Co. for damaged goods re: invoice No. 743, $ 300. 8 Bought supplies on account from Staples for $100, Invoice # 325, term n/30. 10 Paid salaries, $700, cheque 203 10 Sent cheque No 204 to Racks Co. for invoice No. 743 less returns and discount. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount 14 issued credit memo No. 1 to T. Traer for $100 for merchandise returned from Oct 5 sale on account. Cost of goods returned $25. 15 Paid for supplies purchased on October 8, cheque 205 15 Received cash from Traer for the amount duo, less the returns and discount 17 Sent cheque No. 206 to Gary Co. for invoice No. 819 less discount 21 Received Bell Co, telephone bill, to be paid later, $50, term n/30 21 Purchased merchandise on account from Racks Co., Invoice No. 784. Terms 2/10,n/30, $1,050. 23 Sold $500 merchandise for cash, sales invoice No. 3. Cost of goods sold $250, 24 Purchased merchandise from Saw Co. for $1,000 with cheque 207 29 Sold $3,600 of merchandise to C Happy FOB shipping point, Invoice no 4, terms 1/10,n/30. Cost of goods sold 51.800. 29 C. Happy was unhappy with some of the goods and returned $300 debit memo 103. Cost of goods returned $150. Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Receipts Joure Purchase on K L M N E F 25 21 Received Bel Co. telephone bill, to be paid later. 550, term n/30. H J 26 21 Purchased merchandise on account from Racks Co., Invoice No. 784. Tem 2/10, 1/30, $1,050. 27 23 Sold $500 merchandise for cash, sales invoice No. 3. Cost of goods sold $250 28 24 Purchased merchandise from Saw Co. for $1,000 with cheque 207 29 Sold $3,600 of merchandise to CHappy FOB shipping point, Invoice no 4 tems 1/10, 1/30. Cost of goods sold $1,800 30 29 C. Happy was unhappy with some of the goods and retumed $300 debit memo 103. Cost of goods retumed $150. 31 30 C. Happy paid her account in full today less retums and discount 32 31 Withdrew $400 from the business, cheque 208 33 31 Puchased new computer system from IBM computer solutions for $7,800, Invoice 6285. 34 Paid cash $6,300 (chq #209) and put the remaining balance on account. Ters n/30 35 36 37 38 39 40 Chart of Accounts 41 42 Assets Revenue 43 44 101 Cash 400 Sales 45 104 Accounts Receivable 402 Sales Discounts 46 110 inventory 404 Sales Returns and Allowances 47 120 Computer Equipment 48 125 Vehicle Expenses 49 50 Liabilities 500 Advertising Expense 51 505 Rent Expense 52 204 Accounts Payable 510 Salaries Expense 53 515 Supplies Expense 54 Owner's Equity 518 Cost of Goods Sold 55 525 Telephone Expense 56 300 Sam Smith, Withdrawals 57 301 Sam Smith, Capital 58 59 60 61 Required: 62 Home Insert Draw Udld Review View Arial 12 ' Paste 13 C F H K L D E G GENERAL JOURNAL Page 1 3 COMPANY NAME: Date Aceous Titles and Description PR DR (Debit CR (Credit 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 35 36 37 39 40 41 42 43 44 AR Question Details and Hints General Journal 2 Column Sales Journal Anal Paste IV Merge & Center D E F G H 120 C 2 3 COMPANY NAME: Page # Terms N Inv Number PR Dr. Acct Rec Cr. Sales Dr. Cost of Goods Sold Cr Inventory Date Customer Accounts 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Jour Data Formulas Review View Tell me me Insert Draw Page Layout X 14 EEE Arial General 2 Wrap Text 3 IMI Merge & Center $ % ) este fx C G H DE SALES JOURNAL Page # COMPANY NAME: Terms PR Or Acets Red Cr. Sales Dr COGSold Cr. Inventory Inv. Number Date Customer Accounts 4 5 6 7 8 19 20 21 24 25 26 27 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sal Journal Cash Receipts Jon H Cost of Goods Sold Dr D E F G CASH RECEIPTS JOURNAL C A B Page OMPANY NAME Sundry Cost of Goods Sold By Inventory Cr Accounts Recevable Cr Sales Discount Dr Cash Dr Sales Cr Amount Cr Account Name PR Date 3 9 21 22 23 24 25 26 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Rd & Cender Pet AS K D B L E F G H PURCHASE JOURNAL 3 COMPANY NAME: Page 3 Sundry DR DONO UN Date on in Invoice . Accounts Payable Cr Inventory Dr Terms Account Credited PR PR Account Amount 5 Date 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Receipts Jour W E R. A6 Date D E F G H CASH PAYMENTS JOURNAL COMPANY NAME Page Cha No Sundry Dr Accounts Payable Dr Inventory Dr Inventory Cr Cash Cr 6 Dat Account Debited PR B 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 27 28 29 30 31 32 33 Question Details and Hints General Journal 2 Column Sales Journal 4 Column Sales Journal Cash Hoceipts 5 6