Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Replenished the petty cash fund for the following disbursements: Purchase journal Cash payment journal Cash reccipts journal General journal Sales journal Question 12 Time Elapsed:
Replenished the petty cash fund for the following disbursements: Purchase journal Cash payment journal Cash reccipts journal General journal Sales journal Question 12 Time Elapsed: Hide st answer. Attempt due Nov 21 it 5 29 Minutes, 50Secc Sold goods on account, P7,900 Sales Journal Purchase journal Cash payment journal Cash reccipts journal The company sold a laptop for P25,000 on account. This laptop was used in the office for 3 years with a cost of P55,000 and a book value of P35,000. On what book this transaction will be recorded? Cash receipts journal Sales journal General journal Cash payment journal Purchase journal Collections from customers on account totaled to P150,000. Cash payment journal Sales Journal Cash receipts journal Purchase journal Gencral Journal Salaries of P32,000 for the first half of the month was paid less 5% withholding tax. General Journal Purchase journal Cash receipts journal Sales Journal Cash payment journal Issued a credit memo to a customer on account for the defective goods returned. Cash receipts journal Sales Journal General Journal Purchase journal Cash payment journal XYZ drug store purchased medicines and vaccines from Pfizer on account, P50,000. Pfizer gave the ff, terms: 50% down payment, balance on account with a credit term of 2/10,n/30 General Journal Cash payment journal Purchase journal Cash payment journal and general journal Purchase journal and Cash payment journal ABC Merchandising Corp. is in the process of closing its nominal accounts in preparation for the next accounting period. The closing entry will be recorded on what accounting book? Cash payment journal General Journal Purchase journal Sales Journal Cash receipts journal Purchased merchandise from Glen Drug Co. for cash, P36.700. Please see the format of the purchase journal below: Sales journad and Cash payment joumal Purchase lournal General Journal Cash payment journal Puechase iournal and Cash payment journal Parchase journal and general jourazl Cash recoiats iodinal Each time an entry is recorded in the purchase journal, the credit amount would be entered in the accounts payable column cash cotumn accounts receivable column purchases column
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started