journalize

12-6 CHALLENGE PROBLEM Journalizing and posting business transactions The general, accounts payable, and accounts receivable ledgers for Custom Golf Land are given in the Working Papers Instructions: 1. Journalize the following transactions completed during October of the current year. Use page 21 de journal similar to the one described in this chapter. Add an 8% sales tax to all sales transactions Source documents are abbreviated as follows: check, C; memorandum, M; purchase invoice, P; receipt, R: sales invoice, S; cash register tape, T. Transactions: Od. 2 Wrote a check for rent, $1,150.00. C263. 3. Received an invoice from Vista Golf Co. for merchandise purchased on account, $1,950.00 P71. 4. Paid for merchandise, $142.80 C264. 6. A check was received in payment on account from Viola Davis, $829.44, covering S45. RA 7. Eogle Golf Equipment was paid on account, $2,358.00, covering P67. C265. 7. Cash and credit card sales, $5,676.00. 17. Posting. Post the items that are to be posted individually. 9. Julie Freed, partner, withdrew merchandise for personal use, $200.00. M33. 11. Merchandise was sold on account to Doris McCarley, $306.00. S49. 13. Store supplies were bought on account from Golf Source, $258.00. M34. 14. Cash and credit card sales, $5,808.00. T14. Posting. Post the items that are to be posted individually 16. Cash was withdrawn by Julie Freed, partner , for personal use, $1,500.00. C266. 16. Cash was withdrawn by Troy Nordstrom, partner, for personal use, $1,500.00. C267 17. Wrote a check for electric bill, $220.20. C268. 20. Wrote a check to Vista Golf Co. on account, $3,216.00, covering P68. C269. 21. Recorded cash and credit card sales, $5,376.00. T21. Posting. Post the items that are to be posted individually 23. Design Golf was paid on account, $2,916.00, covering P69. C270. a 24. Barry Fuller bought merchandise on account, $1,315.00. 550. 24. Received payment on account from Leona Silva, $285.12, covering 546. R44. 298 CHAPTER 12 Posting to General and Subsidiary Ledgers