accounting

posted by .

A company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. A perpetual inventory system is used. The following transactions were completed by the company during the current month of October:



Record these transactions in the appropriate journal shown below.

  • accounting -

    We see no journal below?

    Sra

  • accounting -

    When recording the following transactions in general journal entry form.

    1. Issused common stock for $5,000 cash.
    2. Borrowed $4,000 cash from a Local Bank.
    3. Ourchased $500 of supplies on account.
    4. Recognized revenue of $18,000 for services provided on account.
    5. Paid $3,900 cash for salaries expense.
    6. Paid $2,400 cash in advance for a one-year lease to rent office space.
    7. Purchased $3,500 of office furniture on account.
    8. Received $1,800 cash for services to be performed in the future.
    9. Collected $3,000 cash from accounts receivable.
    10. Paid $1,200 cash for utilities.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting1 - ethical issue

    On a recent trip to Brazil, Carlo degas, sales manager of cyber systems, took his along for a vacation and included her airfare and meals on his expense report, which he submitted for reimbursement. Chelsea Brindley, vice president …
  2. Accounting

    Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of June. June 1 Purchased $8,100 of merchandise on …
  3. college

    accounting/// which journal would be used if you returned merchandise that had been bought on account , sales journal, purchase journal, cash receipts journal, cash payments journal or general journal. i thought it would be on a general …
  4. accounting

    Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March: 1) Mar 2 Sold merchandise costing $300 to …
  5. accounting

    A company purchased 1000 units of inventory on September 25 and the cost per unit was $8.50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. (Assume a perpetual inventory system). Prepare the journal …
  6. accounting

    A company that uses perpetual inventory system made the following cash purchases and sales: January 1 Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 units for $16 per unit. Prepare …
  7. accounting

    A company that uses perpetual inventory system made the following cash purchases and sales: January 1 Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 units for $16 per unit. Prepare …
  8. Math

    On July 15,2009, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms for the sale were 2/10, n/30. Nixon uses a periodic inventory system and the net method of accounting for purchase discounts. …
  9. Accounting

    how and what do I post from the cash receipts journal to the general journal
  10. Accounting

    Q.2. A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. Prepare the journal entries to record these …

More Similar Questions