Question
The Stapleton Company uses a general journal, and special journals for sales, purchases, cash receipts, and cash payments. The following transactions occurred during the current
The Stapleton Company uses a general journal, and special journals for sales, purchases, cash receipts, and cash payments. The following transactions occurred during the current month of September:
September 1 Paid $2,400 cash for monthly rent to Wabash Properties.
September 4 Purchased merchandise on credit for $1,800 from Bell Company.
September 8 Sold merchandise on credit for $4,300 to Andrews Company. The cost of the goods sold is $2,750.
September 10 Sold merchandise for $1,500 cash to Lacey Corporation. The cost of the good sold is $720.
September 11 Paid amount owed to Bell Company from the September 4 purchase.
September 17 Collected $4,300 cash from the Andrews Company for merchandise sold on September 8.
September 24 Sold merchandise on credit for $4,500 to Frasier Corporation. The cost of goods sold is $2,600.
September 30 Purchased office supplies for $3,055 from Maxwell Corporation.
Record the above transactions into appropriate journals.
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