Smith Auto uses a sales journal, purchases journal, cash receipts Journal, cash payments journal, and general journal. July 3 The company purchased $3,200 of merchandise on credit from Advanced Parts, terms n/60. 6 The company sold $650 of merchandise (cost is $5ee) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $5,200 to the company. 9 The company sold $800 of used equipment (noninventory) on credit to Junk Yard, terms n/3e. 13 The company sold $3,400 of merchandise (cost is $3,008) on credit to J. Bell, terms n/30. 15 The company granted ]. Bell an allowance (price reduction) of $520 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $22,000 by issuing a note payable. 26 The company paid salaries of $4,500 with cash. Journalize its transactions that should be recorded in the general Journal. (If the transaction is not recorded in the general Journal, select "Not recorded in general Journal" In the first account field.) Identify the Journal where each of the following transactions should be recorded. Complete this question by entering your answers in the tabs below. General Journal subsidiary ledger Journalize its transactions that should be recorded in the general journal. (If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > The company purchased $3,200 of merchandise on credit from Advanced Parts, terms n/60. Note: Enter debits before credits. Date General Journal Debit Credit July 03 Record entry Clear entry View general journal General Journal subsidiary ledger > Smith Auto uses a sales Journal, purchases Journal, cash receipts Journal, cash payments Journal, and general journal. 15 July 3 The company purchased $3,200 of merchandise on credit from Advanced Parts, terms n/6e. 6 The company sold $650 of merchandise (cost is $5ee) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $5,200 to the company. 9 The company sold $898 of used equipment (noninventory) on credit to Junk Yard, terms n/38. 13 The company sold $3,480 of merchandise (cost is $3,000) on credit to J. Bell, terms n/30. The company granted ). Bell an allowance (price reduction) of $520 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $22,880 by issuing a note payable. 26 The company paid salaries of $4,5ee with cash. Journalize its transactions that should be recorded in the general Journal. (If the transaction is not recorded in the general Journal, select "Not recorded In general Journal" In the first account field.) Identify the journal where each of the following transactions should be recorded. Complete this question by entering your answers in the tabs below. Date Journal General subsidiary Journal ledger Identify the journal where each of the following transactions should be recorded. Transaction July 3 The company purchased $3,200 of merchandise on credit from Advanced Parts, terms n/60. 6 The company sold $650 of merchandise (cost is $500) for cash to O'Reily 7 The owner, A. Smith, contributed equipment worth $5.200 to the company. 9 The company sold $300 of used equipment (noninventory) on credit to Junk Yard, terms n/30 13 The company sold $3.400 of merchandise (cost is $3,000) on credit to J. Bell, terms n/30. The company granted J. Bell an allowance (price reduction) of $520 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $22,000 by issuing a note payable. 26 The company paid salaries of $4,500 with cash. 15
