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I am not sure how to record these transactions in a journal. 26 12/12Received a check in the amount of $28,714 from Trudy's Plumbing in
I am not sure how to record these transactions in a journal.
26 12/12Received a check in the amount of $28,714 from Trudy's Plumbing in payment of invoice No. 1204. 27 12/12Sold plumbing fixtures and supplies to Boecker Builders, on account invoice No. 1207 for $24,730 28 12/13The Potts Company returned defective copper tubing that it purchased on December 10. A credit memo in the amount of $4,680 is issued relative to invoice No. 1206. The copper tubing had a cost of $3,550. 29 12/13The defective copper tubing is returned to Edward's Plumbing Supplies, Inc. along with a debit memo in the amount of $3,550 in reduction of purchase order No. 315. 30 12/13Issued check No. 1588 for $399 in payment of November telephone bill to Northern Illinois Communications. 12/14Issued check No. 1589 in the amount of $11,360 in payment of federal withholding taxes, $9,573, and FICA taxes, $1,787, payable on November salaries and wages; the check is remitted to the Winnebago County Bank as the depository 32 12/14Issued check No. 1590 for $52,173 to Phoenix Plastics, Inc. in payment of purchase order No. 316. 12/17The president informs you that Bilder Construction Company agrees. to convert the $45,200 overdue account receivable (invoice No. 1120) to an 8% note due sixmonths for today. 34 12/17Purchased plumbing materials from Smith Pipe Company on account purchase order No. 317 for $60,800 terms 1/15, n/60 35 12/18Sold drain tile, plastic pipe, and copper tubing to A &, B Hardware on account, invoice No. 1208 for$7,920Step by Step Solution
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