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Please Show All Work, Thank You. Montalvo Company uses special journals and a general journal.The following transactions occurred during September 2010. Sept. 2 Sold merchandise
Please Show All Work, Thank You.
Montalvo Company uses special journals and a general journal.The following transactions occurred during September 2010.
Sept. 2 Sold merchandise onaccount to T. Hossfeld, invoice no. 101, $720, terms n/30. The cost of the merchandise sold was $420.
10 Purchased merchandise on account from L. Rincon $600, terms 2/10,n/30.
12 Purchased office equipment on account from R. Press $6,500.
21 Sold merchandise on account to P. Lowther,invoice no. 102 for $800, terms 2/10, n/30. The cost of the merchandise sold was $480.
25 Purchased merchandise on account from W. Barone $860, termsn/30.
27 Sold merchandise to S. Miller for$700 cash. The cost of the merchandise sold was $400.
Instructions
(a) Prepare a sales journal.
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