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Renee Company's chart or bocounts indudes the following selected accounts. 101 Cash 201 Accounts Payable 120 Inventory 306 Owner's Drawings 130 Prepaid Insurance 505 Cost
Renee Company's chart or bocounts indudes the following selected accounts. 101 Cash 201 Accounts Payable 120 Inventory 306 Owner's Drawings 130 Prepaid Insurance 505 Cost of Goods Sold 157 Equipment On October 1, the ecteunts payable ledger of Reineke Company showed the following balances: Uggla Company $2,700, Or CO 82,500, Rosenthal Co. $1,00, and Co Comeny $3,700. The October transactions involving the payment of cash were as follows Oct. 1 Purchased merchandise, check no. 63, 5300 3 Purchased equipment, check no. 4, 5800 Pald Uggla Company balance due of $2,700, less ? escunt, check no. 65, 82,046 10 Purchased merchandise, check no. 66, 52,550 15 Paid Rosenthal Co, tince due of $1,800, check no. 67 10 C. Reine, the owner, pays his personal insurance premium of $400, check no. 68 19 Paid Or Co. in full for invece no. 610, 32,000 less 24 cash discount, check no. 60, 51,960 29 Pad Cevenger Company in full for inwono, 264, 52,500, check no. 70
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