Question
I need to know how to input these questions into a general journal and general ledger. The beginning balance on the ledger under 'A/P -
I need to know how to input these questions into a general journal and general ledger. The beginning balance on the ledger under 'A/P - Canola Products' is 60,000.
| May 3 | Received a credit memorandum from Canola Products for merchandise received on April 29 and that we returned for credit this morning. |
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| The amount of the return was: | $1,000.00 |
| May 8 | Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). |
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| May 30 | Issued cheque # 3416, payable to Al's Delivery Services for the following transaction: - shipping cost for incoming merchandise |
$450.00 |
Thanks!
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
978-1259536359
