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Question 2 e.g. Cash Prepare journal entries to record the following transactions entered into by the Marrow Company: Notes: Read carefully and follow strictly so
Question 2 e.g. Cash Prepare journal entries to record the following transactions entered into by the Marrow Company: Notes: Read carefully and follow strictly so that Bb can grade you correctly! 1. Just write down the account title and numbers for each transaction (use comma in numbers, one thousand is 1,000, not 1000. NO $ sign). 1,000 Sales 1,000 2. Always Dr. first, then Cr 2. Use and copy accurately only the following account names (not case sensitive): Inventory, A/Rec, N/Rec, Cash, Sales, Sales R/A, Sales/Disc, CGS, Int/Rec. Int Rev. June 1 Received a $6.000, 12%, 1-year note from Sue Forest as full payment on her account. Account Dr. Account Cr. Nov. 1 Sold merchandise on account to Reeves, Inc., for $7,000, terms 2/10. n/30. Account Dr. Account Cr. Nov. 5 Reeves, Inc., returned merchandise worth $1.000. Account Dr. Account Cr Nov. 9 Received payment in full from Reeves, Inc. Account Dr. Account Dr. Account Cr. Dec. 31 Accrued interest on Forest's note. Account Dr. Account Cr
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