Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pharaoh Company uses special journals and a general journal. The following transactions occurred during September 2020.sept 2 Sold merchandise on account to H. Drew invoice

Pharaoh Company uses special journals and a general journal. The following transactions occurred during September 2020.sept 2 Sold merchandise on account to H. Drew invoice no. 101. $770, terms l30. The cost of the merchandise sold was $450. sept 10 Purchased merchandise on account from A. Pagan $560, terms 2/10, /30.sept 12 Purchased office equipment on account from R. Cairo $6,900.sept 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $770, terms 2/10, n/30. The cost of the merchandise sold was $455.sept 25 Purchased merchandise on account from D. Downs $815, terms n/30. sept 27 Sold merchandise to S. Miller for $665 cash. The cost of the merchandise sold was $375. prepare a sales journal and a single column purchases journal and record the transactions for september that should be journalized

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Standards And Audits For Ethics Management Systems The European Perspective

Authors: Josef Wieland

1st Edition

3642072925, 978-3642072925

More Books

Students also viewed these Accounting questions

Question

11. Are your speaking notes helpful and effective?

Answered: 1 week ago

Question

The Goals of Informative Speaking Topics for Informative

Answered: 1 week ago