PLEASE HELP ME SOLVE THESE 3 ACCOUNTING INFORMATION SYSTEM PROBLEMS
Question 2 Take me to the text Not checked Hudson Inc. is a small retailer. The following is a list of sales transactions for the month of November: Marked out of 10.00 Nov 4 Made a sale on account (Invoice # 5888) to T. Tager for $700 (cost $525) V Flag Nov 8 Made a sale on account (Invoice # 5889) to L. Mister for $1,040 (cost $814) question Nov 12 Made a sale on account (Invoice # 5890) to J. Depp for $840 (cost $687) Nov 16 Made a sale on account (Invoice # 5891) to JB Company for $610 (cost $455) Required Record these transactions in the sales journal. Do not enter dollar signs or commas in the input boxes, Sales Journal Page 5 Date Account Invoice # Accounts Receivable / Sales (DR/CR) COGS/Merchandise Inventory (DR/CR) Nov 4 T. Tager 5888 Nov 8 L. Mister 5889 Nov 12 J. Depp 5890 Nov 16 JB Company 5891 TotalQuestion 3 Take me to the text Not checked Riya Cosmetics has provided you with the following information about the transactions that the company incurred during the month of February. Marked out of 18.00 Feb 5 Received $2,300 from a cash sale to Arms Inc. (cost $1,840). IF Flag Feb 9 Received $750 from Med-E Spa regarding outstanding accounts receivable. question Feb 10 Received $700 for the cash sale of 5 facial scrubs (cost $630) to Seizers Salon. Feb 19 Received $190 in interest earned from the Springfield Bank. Feb 27 Took out a loan of $4,100 from the bank. Required Record these transactions in the cash receipts journal. Do not enter dollar signs or commas in the input boxes. Cash Receipts Journal Page 5 Date Account Cash (DR) Accounts Receivable (CR) Sales (CR) Interest Revenue (CR) Other (CR) COGS /Merchandise Inventory (DR/CR) Feb 5 Cash Sale $ Feb 9 Med-E Spa Feb 10 Seizers Salon Feb 19 Springfield Bank $ Feb 27 Bank Loan Totalton 4 Take me to the text Not checkon Marked out of East 51 sells dothing to retailers. During the month of December 2019, the following transactions occurred. Assume zero opening balance general ledger from the general journal. 3400 Sold inventory to Fash 81) for $6,500 cash. The inventory had a cast of $2,786. P Flag question :for $8,000. Dec 14 Sold inventory to Michelle's (Invoice #482) on account for $4,600. The inventory had a cast of $3,440. Dec 18 Sold inventory to Dress Me (Invoice #483) for $9,100 on account. The inventory had a cast of $3,761. Dec 24 Received full payment from Michelle's for the sale on December 14 Dec 31 Received $32 of interest earned on a savings account Required a) Record the above transactions in the sales journal and the cash receipts journal. by Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes. Sales Journal Page 1 Date Account Invoice # Accounts Receivable / Sales (DR/CR)| COGS/Merchandise Inventory (DR/CR) Dec 14 Michelle's 482 Dec 18 Dress Me Dec 31 Total Cash Receipts Journal Page 1 Date Account Cash [DR) Accounts Receivable (CR)| Sales (CR) Bank Loan (CR) Other (CR) COGS/Merchandise Inventory (DR/CR) Dec 2 Cash Sale lac 7 Victoria Bank S Dec 24 Michele's S Dec 31 Interest Revenue $ S Dec 31 Total Account Accounts Receivable GL No. 110 Date Description DR CR Balance Dec 31 Adjustment for sales Dec 31 Adjustment for cash receipts $ Account Michelle's Date DR CR Balance Dec 14 $ keyc: 24 9 Account Dress Mc Date DR CR Balance Dec 18 $
