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nancial Accounting | stion 21 Question 21 yet Hered ed out of Abercrombie Company uses four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements.
nancial Accounting | stion 21 Question 21 yet Hered ed out of Abercrombie Company uses four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August: Aug. 1 Purchased merchandise from Able Co. for $2,000, terms 2/10, n/30. 3 Purchased merchandise from Baker Co. for $1,000, terms 1/15, n/30. 4 Sold merchandise on credit to Coe Co. for $4,000, terms 2/10, n/30, Invoice No. 245. 8 Purchased office supplies on credit from Echo Co. for $300, terms n/30. 9 Returned merchandise costing $200 to Able Co. from August 1 purchase. 11 Paid Able Co. for the August 1 purchase, Cheque No. 758. 13 Received payment from Coe Co. for August 4 sale. 15 Paid rent expense $1,500, Cheque No. 759. 18 Received $2,300 for a $2,000 note receivable from Fox Corp. 20 Made payment in full to Baker Co. for the August 3 purchase, Cheque No. 760. 28 Recorded cash sales for the month $9,000. 29 Paid monthly telephone bill $250, Cheque No. 761. Record the above transactions in the appropriate journals. Ignore transactions that should not be posted to the journals provided. 18 points total Use the attached files Download and completion instructions: 1. Click the hyperlinks to the Purchase Journal and Cash Payment Journal documents 2. Select the Open option from the dialogue box 3. Accept/confirm all options to download if asked 4. The files will open in MS Word 5. Enter your information on in the appropriate areas. courtney A ut References Mailings Review View Help Tell me what you want to do an contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing 2013 PERUS Cash Payments Journal Date Ch. No. Account Debited Pur Disc Credit Cash Credit Other Accts Debit Payee Accts Pay. Debit PR ew purchasesjournal (Protected View) - Word Layout References Mailings Review View Help Tell me what you want to do e Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Purchases Journal Accts Date Account Office Other Purchases Suppl. Accts. Debit Debit Debit Payable Credit Terms PR
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