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Rick Fallon recently opened Rick's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the
Rick Fallon recently opened Rick's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the following transactions (account numbers are Store Supplies 115; Merchandise Inventory 120; Store Equipment 130; Accounts Payable 210). (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) May 4: Bought $900 of merchandise on account from Wabasca Co., invoice no. 442, dated May 5; terms 1/10, n/30. Journal Entry Date Accounts PR Dr. Cr. May 4 Merchandise Inventory Accounts Payable, Wabasca Co. More Info 2017 May May 5: Bought $4,500 of store equipment from Kenansville Co., invoice no. 502, dated May 6. Journal Entry 4 Bought $900 of merchandise on account from Wabasca Co., invoice no. 442, dated May 5; terms 1/10, n/30. 5 Bought $4,500 of store equipment on account from Kenansville Co., invoice no. 502, dated May 6. 8 Bought $1,300 of merchandise on account from Rochester Co., invoice no. 401, dated May 9, terms 1/10, n/30. 14 Bought $1,300 of store supplies on account from Wabasca Co., invoice no. 419, dated May 14 Date Accounts PR Dr. Cr. May 5 Print Done May 8: Bought $1,300 of merchandise on account from Rochester Co., invoice no. 401, dated May 9; terms 1/10, n/30. Journal Entry Date Accounts PR Dr. Cr. May 8 May 14: Bought $1,300 of store supplies on account from Wabasca Co., invoice no. 419, dated May 14. Journal Entry Date Accounts PR Dr. Cr. May 14 Record the transactions when appropriate to the accounts payable subsidiary ledger and enter an ending balance for each account. (Use transaction dates as posting references.) This Question: 50 pts 1 of 3 (1 complete) This Tes Rick Fallon recently opened Rick's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appropriate the following transactions (account numbers are Store Supplies 115; Merchand Store Equipment 130: Accounts Payable 210). A (Click the icon to view the transactions.) May 14: Bought $1,300 of store supplies on account from Wabasca Co., Invoice no. 419, dated May 14 Journal Entry Date Accounts PR Dr. Cr. May 14 Record the transactions when appropriate to the accounts payable subsidiary ledger and enter an ending balance for each account. (Use transaction dates as posting references.) View the completed journal entries Accounts Payable Subsidiary Ledger Wabasca Co. Kenansville Co. Rochester Co. May May May May May May Bal. Bal Bal. Bal Bal. Bal Post the transactions when appropriate to the partial general ledger and enter an ending balance for each account. (Use transaction dates as posting references.) View the completed joumal entries Partial General Ledger 115 Store Equipment 130 Accounts Payable 210 Store Supplies May May May May May May Bal = Bal Bal. Bal Bal. Bal Merchandise Inventory 120 May May Bal Bal
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