Journalize the following transactions: 7//01/200X: Beautiful Day Salon replaced the chairs at three styling stations, buying on

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Journalize the following transactions:

7//01/200X: Beautiful Day Salon replaced the chairs at three styling stations, buying on credit at Specialty Fixtures, Invoice 912 for $1,900.

7/02/200X: The salon purchased shampoo and conditioner to use when providing services to salon clients. The supplier was Wholesale Mart and the salon paid with Check 456, $300.

7/25/200X: According to Specialty Fixtures’ credit terms, 50 percent of the outstanding amount is due in 30 days and the remaining 50 percent is due in 60 days. Beautiful Day takes advantage of the terms and writes Check 457.

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Small Business Accounting

ISBN: 9780470198636

1st Edition

Authors: Lita Epstein, Susan Myers

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