Question
Prepare the journal entries to record these transactions on the books ofOrioleCo. using a periodic inventory system. (Credit account titles are automatically indented when amount
Prepare the journal entries to record these transactions on the books ofOrioleCo. using a periodic inventory system.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
(b)
Assume thatOrioleCo. paid the balance due toGrouperCompany on May 4 instead of April 15. Prepare the journal entry to record this payment.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
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College Accounting Chapters 1- 15
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794767, 9781337794763
