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I have already prepared a multiple-column cash receipts journal and recorded the transactions for May that should be journalized I now need part B which
I have already prepared a multiple-column cash receipts journal and recorded the transactions for May that should be journalized
I now need part B which is:
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.)
Exercise 7-07 a-b (Part Level Submission) (Video) R. Cullumber Co. uses special journals and a general journal. The following transactions occurred during May 2020 May 1 2 3 14 16 22 R. Cullumber invested $50,200 cash in the business. Sold merchandise to Lawrie Co. for $6,290 cash. The cost of the merchandise sold was $4,080. Purchased merchandise for $7,000 from J. Moskos using check no. 101 Paid salary to H. Rivera $740 by issuing check no. 102. Sold merchandise on account to K. Stanton for $810, terms n/30. The cost of the merchandise sold was $555 A check of $9,260 is received from M. Mangini in full for invoice 101; no discount given
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