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Peachtree Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur
Peachtree Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. |
May 1 | Purchased $10,100 of merchandise on credit from Krause, Inc., terms n/30. |
8 | Sold merchandise costing $900 on credit to G. Seles for $1,500 subject to a $30 sales discount if paid by the end of the month. |
14 | Purchased $240 of store supplies from Chang Company on credit, terms n/30. |
17 | Purchased $260 of office supplies on credit from Monder Company, terms n/30. |
24 | Sold merchandise costing $400 to D. Air for $650 cash. |
28 | Purchased store supplies from Porter |
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