Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help as fast as you can!!! thank you Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general

please help as fast as you can!!! thank you image text in transcribed
Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal, Novenber 3 The company purchased $3,100 of merchandise on credit from Hart Company, terms n/20. Novenber 7 The company sotd nerchandise costing $818 to J. Than for $899 on credit, 5 ubject to a $18 sates discount if paid by the end of the month. Novenber 9 The company borrowed $3,325 cash by signing a note payable to the bank. Novenber 13 3. Alt, the owner, contributed $4,625 cash to the company. Novenber 18 The company sold nerchandise costing $130 to 8 . Cox for $231 cash. November 22 . The company paid Hart Company $3,100 Cash for the nerchandise purchased on Novenber 3 . November 27 The company received $881 cash from 3. Than in paynent of the Novenber 7 purchase. November 38 The conpany paid November 3e The conpany paid salaries of $1,550 in cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions