HW Q4

Question 4 of 5 - /5.6 View Policies Current Attempt in Progress R. Blossom Co.uses special journals and a general journal. The following transactions occurred during May 2020, May 1 R. Blossom invested $50,800 cash in the business, 2 3 3 14 Sold merchandise to Lawrie Co. for $6,700 cash. The cost of the merchandise sold was $4,220, Purchased merchandise for $7.120 from J. Moskos using check no. 101. Paid salary to H. Rivera $720 by issuing check no. 102. Sold merchandise on account to K. Stanton for $925. terms n/30. The cost of the merchandise sold was $590. A check of 58.930 is received from M. Mangini in full for invoice 101: no discount given 16 22 (a) Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. BLOSSOM Cash Receipts M. Mangini Owner's Capital Accounts Receivable J. Moskos Lawrie Co. Inventory Salaries and Wages Expense K Stanton H. Rivera Cash Dr. Sales Discounts Dr. Date Ref. 2020 - /5.6 III R. BLOSSOM CO. Cash Receipts Journal Sales Discounts Dr. Cash Dr I. Accounts Receivable . Sales Revenue Cr. -/5.6 TII BLOSSOM CO. Receipts Journal CR1 Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. Question 4 of 5 - /5.6 Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. BLOSSOMCO. Cash Payments Journal Date Ck. No. Account Debited Ref. Other Accounts Dr. Accounts Payable 2020 Prepare a multiple column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. BLOSSOMCO. Cash Payments Journal CP1 Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr