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the journals are: Cash Receipt Journal, Cash Payment Journal, Purchase Journal, sales journal. Use a general journal if none of the transations can fit into
the journals are: Cash Receipt Journal, Cash Payment Journal, Purchase Journal, sales journal. Use a general journal if none of the transations can fit into the 4 Special Journals e Wood view Company uses a sales journal, purchases journal, cash receipts journal, cash disbursements irnal, and general journal. They use the perpetual method. The following transactions occurred during the rrent month of December: Dec 4 Sold merchandise on credit for $3,300 to the A\&B Co., Invoice No. 313. The cost of the goods sold is $2,145. Dec 8 Purchased merchandise on credit for $1,800 from the Dexter Co., terms 2/10,n/30. Invoice dated December 8. Dee 10 Sold merchandise for $500 cash to RAC Corp., Invoice No. 314. The cost of the goods sold is $320. Dec 13 Collected $2,000 cash from the A\&B Co. for merchandise sold on December 4. Dec 17 Received a credit memorandum from Dexter Co. for the return of $200 worth of faulty merchandise. Dec 24 Sold merchandise on credit for $4,500 to Dunn Corp., Invoice No. 315. The cost of goods sold is $2.925. is $2,925. Dec 27 Paid amount owed to Dexter Co., Check No. 1011 Dee 28 Paid $400 cash for monthly rent to Dayton Properties, Check No. 1012. Dec 31 Purchased equipment for $3,055 from Fort Corp., Check No. 1013. (a) Record the above transactions in the appropriate journals. (b) Post from the journals to the subsidiary ledgers of A\&B Co. and Dexter Co. only pts.) (c) Prepare the subsidiary ledgers for, Inventory (opening balance $15,200, page 215 ), Cash (opening balance $20,450,245 ). Accounts Payable (page 300), Sales (page 315) and Rent Expense (page 320) only. (20pts)
the journals are: Cash Receipt Journal, Cash Payment Journal, Purchase Journal, sales journal. Use a general journal if none of the transations can fit into the 4 Special Journals
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