Question
Norren Company uses special journals and a general journal. The following transactions occurred during September 2017. Sept. 2 10 22 Sold merchandise on account
Norren Company uses special journals and a general journal. The following transactions occurred during September 2017. Sept. 2 10 22 Sold merchandise on account to J. Yancey, invoice no. 101, $840, terms n/30. The cost of the merchandise sold was $516. Purchased merchandise on account from H. Heerey $650, terms 2/10, n/30. Purchased office equipment on account from Y. Kojima $6,490. 12 21 221 Sold merchandise on account to K. Pricer, invoice no. 102 for $760, terms 2/10, n/30. The cost of the merchandise sold was $468. 25 Purchased merchandise on account from G. Jeanik $810, terms n/30. 22 27 Sold merchandise to D. Schaff for $730 cash. The cost of the merchandise sold was $458. (a) 32 Prepare a sales journal and a single-column purchases journal. (b) Record the transactions for September that should be journalized in the sales journal and the purchases journal. NORREN COMPANY Sales Journal Date Account Debited Invoice No. Accounts Receivable Dr. Ref. Sales Revenue Cr. Cost of Goods Sold Dr. Inventory Cr. 2017 Account Date Credited 2017 NORREN COMPANY Purchase Journal Inventory Dr. Terms Ref. Accounts Payable Cr.
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