Question: Enter the transactions into appropriate journals (cash and credit journals) as well as a general journal
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Question:
- Question:Enter the transactions into appropriate journals (cash and credit journals) as well as a general journal are in use)
- Post the journals to the general and subsidiary ledgers
Following are the given transactions:
- Customer A sends a check for a prior sale, paying $10,357.55 and taking a $102.55 sales discount;
- You make a cash sale for $452;
- Customer B sends a check for a prior sale, paying $6,120;
- You are paid $3,000 in principal and $155 in interest on a note.
- Paid $455 for office equipment;
- Paid $1,200 for purchases;
- Paid $2,000 to Supplier A against accounts payable, taking a purchases discount of $225;
- Paid $1,125 for purchases;
- Paid $765.50 to Supplier B against accounts payable.
Complete the attached templates.
Posted Date: