What would be the special journal entries for each transaction? For example: purchases journal, sales journal 30
Question:
What would be the special journal entries for each transaction? For example: purchases journal, sales journal
30 Dec Purchased 500 lbs sweet potatoes by cheque (#10200) 50,000 from M. Dunkley
3 Jan Paidfor the Landby cheque (#10201)to A Frank 45,000
3 Jan Purchased on credit from Agro Grace:
- herbicides3,500
- seeds 22,000
- fungicide 4,300
- insecticides 4,000
5 Jan Paid Wayne Oliver for wages in cash12,500
6 Jan Purchased 400 lb Irish potato seeds paying cash32,000
11 Jan H. Gentles for ploughing land on credit 30,000
12 Jan Paid wages in cash 1000
13 Jan Purchased seeds paying by cheque to V. Morris30,500
15 Jan Bought chicken manure, paid cash 2,000
19 Jan Paid wages in cash 12,500
26 Jan Paid wages in cash12,500
29 Jan Purchased water harvesting equipment by cheque 64,000
What would be the journal entries for these also?
12 Jan Sold 25 lbs s/potatoes @ $150 37,500
14 Jan Sold 40 lbs s/potatoes @ $145 20,300
15 Jan Sold 55 lbs s/potatoes @ $150 23,250
22 Jan Sold 120 lbs s/potatoes @ $145 17,400
Sales on credit during the first month were:
20 Jan Sold 40 lbs onion @ $300 12,000
27 Jan Sold 60 lbs onion @ $350 21,000