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Question 3 of 20 < > -/7.5 E R. Cullumber Co. uses special journals and a general journal. The following transactions occurred during May
Question 3 of 20 < > -/7.5 E R. Cullumber Co. uses special journals and a general journal. The following transactions occurred during May 2022. May R. Cullumber invested $47.100 cash in the business. 1 2 Sold merchandise to Lawrie Co. for $5,910 cash. The cost of the merchandise sold was $4,750. 3 Purchased merchandise for $7,370 from J. Moskos using check no. 101. 14 Paid salary to H. Rivera $725 by issuing check no. 102. 22 16 22 Sold merchandise on account to K. Stanton for $975, terms n/30. The cost of the merchandise sold was $625. A check of $9.150 is received from M. Mangini in full for invoice 101: no discount given. (a) Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. CULLUMBER Cash Receipts J Date Account Credited Cash Sales Discounts Ref. Dr. Dr. 2022 eTextbook and Media
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