Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the following transaction in Peachtree Complete Software show necessary steps in your answer book. Record the steps for Buam Antomotive Company, Stoeks of various

Record the following transaction in Peachtree Complete Software show necessary steps in your answer book. Record the steps for Buam Antomotive Company, Stoeks of various models of cars were follows:

$12 Camry @ $12.500 

$15 Corollass @$10.000

9 Land Cruisers @ $ 50.000

18 FJ@$ 35.000

Further during the Month the transactions were made.

3-5 2020-  Placed a purchase order with Toyota Japan for 30 Camry @ $ 15,000, 40 Carella $ 12.500

6-5-2020: Received inventory stock ordered on 3-5-2020

9-5-2020: Issued a Sales order to Eammar Motors for 22 Camry @ $ 18.000. 30 Corollas @ $15,000

12-5 2020: Sold goods to Eammar Motors from Sales order 20 Century and 25 Corollas

15-5-2020: Sold 6 Land Cruisers @ $55.000:10 FJ$ 37.500 to Mithun Motors.

22.5 2020: Sold 12 Camy @ $ 15000, 20 Corolla @ S11.500, received cash in National Bank of Oman.

25-8-2020: Received $ 705.000 cash from Mitha Motors.

27-5-2020: Deposited $ 600.000 in National Bank of Oman

29-5-2020: Paid to Toyota Japan $ 850.000 from the National Bank of Oman

30-5-2020: Paid Salary $ 100.000

Step by Step Solution

3.33 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

1 Go to Vendors 2 Select Enter Purchases 3 Enter the following information Date 352020 Vendor Toyota ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

More Books

Students also viewed these Accounting questions

Question

9. At what time in a womans menstrual cycle do

Answered: 1 week ago