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please answer 7-1, 7-3, 7-5 Nestle, a Switacrland-based compacy, uses a sales joumal, a purchaset jourmal, a cash receipts jormal, a 0 as 7-10 cash

please answer 7-1, 7-3, 7-5 image text in transcribed
Nestle, a Switacrland-based compacy, uses a sales joumal, a purchaset jourmal, a cash receipts jormal, a 0 as 7-10 cash disbursemeats joarnal, abd a general joarnal it a mantert timilar to that explained in this clapter: Interritional accourtirg eral joarnal. For those not recoeved in the general joarnal, idernify oely the special journal where cach C2 should be reooded. (All amounts in milbons of S whis frunc, CHF.) 1. Assume Nestl parchased CHF17,000 of merchansise on credit from sephlien. 2. Assume Nestee sold CHF 94,000 of merchandise (cost is CHF 42,300 ) ce crodit ss cautoenen. 3. Assame a key customer returned CHF 2400 of (warthlesu) merchandise to Neale (assume the cont of this merchandise is left in cost of goods sold). conthect Finer Compary uses a sales journal, a purctiases journal, a cash receipts joarnal, a cash diatornemients EXERC1SES joumal, and a generad journal. The following transactions ocear in the month of Mry. May 2. Sold merchandese costing 5300 to B. Facer for $450 cash, Imvice No 5703 . 5 Purchased $2,400 of merchandise on credit from Marchant Copp 7 Sold nerechandise costing 5900 to J. Dryer for 51,250 , terms 2/1D, a30, lavoice Na 5704 . 11 , 8 Borrowed $9,000 cash by aigning a nete payabie to the bark. 12 Sold merchandive costing $200 to R. Lamb for $340, terms ns0, Ieveice Na. 5T05. I6 Received S1,225 cash from 3. Dryee to pay for the purchase of May 7 . 19 Sold used store eqaipmett for 5900 cash to Golf, Inc. 25 Sold merchandase costing 5500 to T. Txylor for $751, tems 530 , tevoice Nia. 5706 . Prepare headings for a sales journal like the one in Exhibit 7.5. Jocirnaliete the Mry mansactions that should be recorded in the sales journal

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