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follow the example to complete the chart for d, e, f A) On 3/17/2020, a company purchased three deluxe lifejackets from Longview Lifejackets and one
follow the example to complete the chart for d, e, f
A) On 3/17/2020, a company purchased three deluxe lifejackets from Longview Lifejackets and one Monster Vapor Kayak from Jack's Kayaks R' Us, with 2/10/ net30 terms. The items were received in full with the bill on 3/18/2020. Note that in the worksheet, both the Purchase Orders and Receive Inventory with Bills module are indicated. "2" is indicated in parentheses after each because you will need to create two purchase orders and two receiving reports with bills (one for Longview Lifejackets and one for Jack's Kayaks R' Us). B) On 3/22/2020, a company paid for the three deluxe lifejackets purchased on 3/17/2020 from Longview Lifejackets. Note that in the worksheet, the Pay Bills module is indicated. "1" is indicated in parentheses because you need to create a payment to just one vendor (Longview Lifejackets). The payment is within the discount period, so that is noted in the cash payment column. C) On 3/31/2020, a company recorded its expired rent for the period. Note that the Make General Journal Entries screen is used. This is an adjusting entry, which is indicated in the appropriate column. Which accounts and are debited and credited are indicated in the last column. . Example Transactions: Trans. Module(s) AND the number If the If the If the # of forms (source transaction is transaction is transaction documents) for each a cash a cash involves a module/method of entering collection on payment on General JE, is in parentheses. If a refund, account, is a account, is a the Adjusting note not only what module discount discount Entry box but what type of refund applicable? applicable? checked? (i.e., what button will you (Yes/No) (Yes/No) (Yes/No) click?). If using a General JE (the Make General Journal Entries module), what accounts are debited and credited (use the chart of accounts)? OR If using the Write Checks module, what account(s) are debited and credited? OR If using the Enter Bills module, what account() is (are) debited? A Purchase Order (2) Receive Inventory with Bill (2) B Pay Bills (1) Yes Yes Make General Journal Entries (1) Rent Expense (Dr.) Prepaid Rent (Cr.) D on 2/9/2026, the Kayak Roll sold one basic life jacket and one paddle to an unknown customer for cash (no discounts were applicable). E The Kayak Roll purchased two basic life jackets from Keep Em' Safe Life Jackets and two paddles from Maureen's Paddle Hut on account. The items were purchased on 2/8/2026 and received in full with the bill on 2/9/2026. F in anticipation of kayaking sessions being offered at the local pool and in hopes of getting her boyfriend to join her, the Kayak Roll sold two Glider kayaks, two Deluxe Life Jackets, and two paddles to Geraldine Goode on 2/10/2026 on account. # If using a General JE (the Make General Journal Entries module), what accounts are debited and credited (use the chart of accounts)? Trans. Module(s) AND the number If the If the If the of forms (source transaction is transaction is transaction documents) for each a cash a cash involves a module/method of entering collection on payment on General JE, is in parentheses. If a refund, account, is a account, is a the Adjusting note not only what module discount discount Entry box but what type of refund applicable? applicable? checked? (i.e., what button will you (Yes/No) (Yes/No) (Yes/No) click?). OR If using the Write Checks module, what account() is (are) debited? OR If using the Enter Bills module, what account(s) is (are) debited? D E F A) On 3/17/2020, a company purchased three deluxe lifejackets from Longview Lifejackets and one Monster Vapor Kayak from Jack's Kayaks R' Us, with 2/10/ net30 terms. The items were received in full with the bill on 3/18/2020. Note that in the worksheet, both the Purchase Orders and Receive Inventory with Bills module are indicated. "2" is indicated in parentheses after each because you will need to create two purchase orders and two receiving reports with bills (one for Longview Lifejackets and one for Jack's Kayaks R' Us). B) On 3/22/2020, a company paid for the three deluxe lifejackets purchased on 3/17/2020 from Longview Lifejackets. Note that in the worksheet, the Pay Bills module is indicated. "1" is indicated in parentheses because you need to create a payment to just one vendor (Longview Lifejackets). The payment is within the discount period, so that is noted in the cash payment column. C) On 3/31/2020, a company recorded its expired rent for the period. Note that the Make General Journal Entries screen is used. This is an adjusting entry, which is indicated in the appropriate column. Which accounts and are debited and credited are indicated in the last column. . Example Transactions: Trans. Module(s) AND the number If the If the If the # of forms (source transaction is transaction is transaction documents) for each a cash a cash involves a module/method of entering collection on payment on General JE, is in parentheses. If a refund, account, is a account, is a the Adjusting note not only what module discount discount Entry box but what type of refund applicable? applicable? checked? (i.e., what button will you (Yes/No) (Yes/No) (Yes/No) click?). If using a General JE (the Make General Journal Entries module), what accounts are debited and credited (use the chart of accounts)? OR If using the Write Checks module, what account(s) are debited and credited? OR If using the Enter Bills module, what account() is (are) debited? A Purchase Order (2) Receive Inventory with Bill (2) B Pay Bills (1) Yes Yes Make General Journal Entries (1) Rent Expense (Dr.) Prepaid Rent (Cr.) D on 2/9/2026, the Kayak Roll sold one basic life jacket and one paddle to an unknown customer for cash (no discounts were applicable). E The Kayak Roll purchased two basic life jackets from Keep Em' Safe Life Jackets and two paddles from Maureen's Paddle Hut on account. The items were purchased on 2/8/2026 and received in full with the bill on 2/9/2026. F in anticipation of kayaking sessions being offered at the local pool and in hopes of getting her boyfriend to join her, the Kayak Roll sold two Glider kayaks, two Deluxe Life Jackets, and two paddles to Geraldine Goode on 2/10/2026 on account. # If using a General JE (the Make General Journal Entries module), what accounts are debited and credited (use the chart of accounts)? Trans. Module(s) AND the number If the If the If the of forms (source transaction is transaction is transaction documents) for each a cash a cash involves a module/method of entering collection on payment on General JE, is in parentheses. If a refund, account, is a account, is a the Adjusting note not only what module discount discount Entry box but what type of refund applicable? applicable? checked? (i.e., what button will you (Yes/No) (Yes/No) (Yes/No) click?). OR If using the Write Checks module, what account() is (are) debited? OR If using the Enter Bills module, what account(s) is (are) debited? D E F Step by Step Solution
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