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Save = Homework: Chapter 7 Homework Question 2, E7-15 (book. Part 12 HW Score: 4.67% 0.7 of 15 points O Points: 0 of 2 Review
Save = Homework: Chapter 7 Homework Question 2, E7-15 (book. Part 12 HW Score: 4.67% 0.7 of 15 points O Points: 0 of 2 Review the following transaction Hicho con to view the transactions) Requirements 1 Prepare heading for a cashout ournal Journal the ansactions that should be recorded in the cash its journal 2 Totalcach column of the cash roots journal Requirements 1 & 2. Prepare headings for a cash recipes Journal Journalire the transactions that should be recorded in the cash roots ournal, Total ach column of the cash roots oumalit a box is no und in the jumalathebox mity, do not select information and do not endora Abbreviations und Disc Discount Acct Accounts Pay - Payati Rec Recetable RevRevenue. On Other COGS - Cost of Goods Sold, Met - Merchandic Inv=Inventory, and Sisse For Sales Discounts Forfeited Can Recept out Pa PR Feb. 1 Feb. 6 Feb. 12 Feb. 15 Sold merchandise inventory on account, terms n/30, to Cole Co., $1,050. Cost of goods, $860. Invoice no. 401. Sold merchandise inventory for cash, $950 (cost, $750). Collected interest revenue of $170. Received cash from Cole Co. in full settlement of its account receivable. Sold merchandise inventory on account, terms n/30, to Dump Co., issuing invoice no. 402 for $500 (cost, $325). Sold merchandise inventory for cash, $600 (cost $530). Sold office supplies to an employee for cash of $150. Received $500 from Dump Co. in full settlement of its account receivable. Feb. 20 Feb. 22 Feb. 26 Feb. 28
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