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Following information would be used for Questions below. Please provide transactions which would be recorded on General Journal? Dated on A. Oct 1, Oct 3,
Following information would be used for Questions below. Please provide transactions which would be recorded on General Journal? Dated on A. Oct 1, Oct 3, Oct 5, Oct 13, Oct 14 and Oct 15 B. Oct 1, Oct 3, Oct 15 C. Oct 14, Oct 15 D. Oct 3, Oct 5, Oct 13, Oct 14 and Oct 15 The following are transactions for Brian for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate using the perpetual inventory system (omit explanations). Oct. 1 Brian invested $15,000 in his business. Oct. 3 Sold $2,500 of merchandise on account to H. Heland, sales invoice No. 1, terms 1/10, n/30, cost $2,000. Oct. 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1/10, n/30, cost $1,000. Oct. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount. Oct. 14 Issued credit memorandum No. 1 to T. Traer for $100 for merchandise returned in good condition from October 5 sale on account, cost $80. Oct. 15 Received cash from T. Traer for the amount due, less the discount. GENERAL JOURNAL Date Account Titles and Description PR Debit Credit Use the same information given in Question 7. Please provide cash Balance. GENERAL LEDGER Cash 101 Inventory 110 Sales Discount 402 Brad. Cap 301 Accounts Rec 102 Sales 401 Sales Ret and All. 403 Cost of Goods Sold 501 SUBSIDIARY LEDGER H. Holand T. Traer Please provide cash Balance A. 18,564 B. 17,564 C. 16,574 D. 16,000 Use the same information given above. Please provide subsidiary ledger balance for T. Traer. A. 1,200 B. 100 C. 1,100 D. 2,200 Use the same information given above. Please provide Sales Discounts. A. 50 B. 60 C. 52 D. 72
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