Question: Journalize all these transactions into a general ledger. Transactions May 1 Purchased merchandise from Keys Wholesale on account for $735.30, Invoice No 91 Dated May

Journalize all these transactions into a general ledger.















Transactions












May 1 Purchased merchandise from Keys Wholesale on account for $735.30, Invoice No 91 Dated May 1, terms 2/10, n30




















May 2 Purchased merchandise from Fryes Electronics on account for $1500 Invoice no 102 Dated May 2, terms 2/10, n/30




















May 3, Sold Merchandise on account to Dana Lonview, $169.50 plus tax of 0.825, Sale No. 51





















May 4, Sold merchandise on account to Daisy Rangel on account, $799.99 plus tax of 0.825, Sale No. 52





















May 6, Received payment from Kevin Sanders on account , $100.00.






















May 7, Issued a Credit Memo No. 68 to Mark Parsons for merchandise returned that had sold on account, $72.75





















May 9 , Issued a check No 895 to Keys Wholesale Invoice 91 less 2% discount.






















May 10, Received payment from Daisy Rangel on account, $500























May 11, Sold merchandise on account to Eduardo Quintana, $ 799.95 plus tax $65.99 Sale no. 63





















May 12, Received a Credit Memo from Edibile Pursuits for catering credit for event on April 25 for $450.00





















May 14, Received payment from Angel Garcia for half of the amount on account settlement of $2,500.00





















May 14, Purchased merchandise from Custom Works on account for $395.00 plus .0825 Sales Tax, Invoice No 289 dated May 14, terms 2/10, n/30


















May 15, Received credit memo from Custom Works for merchandise purchased on May 14, $79.00





















May 17, Sold merchandise on account to Kevin Sandars, $565.00 plus tax of $46.61 Sale No. 45





















May 19, Sold merchandise for Cash to Mark Parsons, $79.95 plus tax of $6.60 Sales 46





















May 21, Issued. Credit Memo 49 to for merchandise returned that had been sold on account to Dana Longview, $63.45 including tax of $5.23


















May 23, Issued a Check No. 897 to Custom Works for merchandise purhcased on May 14.





















May 24, Received payment from Eduard Quintana on account, $500.00






















May 25, Sold merchandise on account to Angel Garcia, $189.50 plus tax of $16.33 Sale.No. 47





















May 26, Received payment from Dana Longview on account, $550.65.






















May 27, Purchased merchandise from Fryes Electronics on account $478.63 Invoice 857 dated May 27, terms 2/10, n/30




















May 28, Sold merchandise on account to Eduardo Quintana, $69.95 plus tax of $5.77 Sale No. 48





















May 29, Issued check No. 898 to American Products for cash payment of merchandise on account $678.95





















May 30, Issued check 899 to Fryes Electroics in payment of Invoice 857 dated May 27 with a 2% discount







Step by Step Solution

3.46 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Sure lets journalize all the transactions into a general ledger Date May 1 Transaction Purchased merchandise from Keys Wholesale on account for 73530 Invoice No 91 Terms 210 n30 Account Debit Credit M... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!