If you have multiple Debit and/or Credit entries, place them in the order of the Account #. For example if you are using account 20000, 23400 and 39003, you would do the 39003 as the first journal entry, 23400 on the second and then 20000 last.

Put them in order first for Debits and then for Credits. (ie, do not put all of the accounts in order.) First do the Debits in Account order and then start the order again for Credits.

M02: Chapter 3 Assessment

Question 1

For the following transaction that was performed in Chapter 3, answer the following questions:

Bellwether Garden Supply sold one Rotary Mower - EQLW-14140 to Teesdale Real Estate, Invoice 102, $299.99; plus $18 sales tax.

1. Date of Transaction is: Use 00/00/00 format.

2. Journal used: xxxxxxx journal

3. Journal Entry:

If you have multiple Debit and/or Credit entries, place them in the order of the Account #. For example if you are using account 20000, 23400 and 39003, you would do the 39003 as the first journal entry, 23400 on the second and then 20000 last.

Put them in order first for Debits and then for Credits. (ie, do not put all of the accounts in order.) First do the Debits in Account order and then start the order again for Credits.

a. Debit - Account # , Account Name: and Amount of Entry (Use format $xx.xx)

b. Debit - Account # , Account Name: and Amount of Entry (Use format $xx.xx)

c. Credit - Account # , Account Name: and Amount of Entry (Use format $xx.xx)

d. Credit - Account # , Account Name: and Amount of Entry (Use format $xx.xx)

e. Credit - Account # , Account Name: and Amount of Entry (Use format $xx.xx)

Question 2

For the following transaction that was performed in Chapter 3, answer the following questions:

Received Check No. 9915 in the amount of $302.99 from Teesdale Real Estate.

1. Date of Transaction is: Use 00/00/00 format. 2. Journal used: xxxx journal 3. Journal Entry:

If you have multiple Debit and/or Credit entries, place them in the order of the Account #. For example if you are using account 20000, 23400 and 39003, you would do the 39003 as the first journal entry, 23400 on the second and then 20000 last.

Put them in order first for Debits and then for Credits. (ie, do not put all of the accounts in order.) First do the Debits in Account order and then start the order again for Credits.

a. Debit - Account # , Account Name: and Amount of Entry (Use format $x,xxx.xx b. Debit - Account # , Account Name: and Amount of Entry (Use format $x,xxx.xx c. Credit - Account # , Account Name: and Amount of Entry (Use format $x,xxx.xx