Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help asap! journalize the following merchandise tr

HELP ASAP! Journalize the following merchandise transactions. The company uses the perpetual inventory system. Question...

60.1K

Verified Solution

Question

Accounting

HELP ASAP! Journalize the following merchandise transactions. The company uses the perpetual inventory system.

Question Content Area

a. Sold merchandise on account, $14,600, with terms n/30. The cost of the merchandise sold was $9,490. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank Accounts PayableAccounts ReceivableCashSalesSales Discounts
Accounts ReceivableCashCost of Goods SoldSalesSales Discounts
blank Accounts PayableCashCost of Goods SoldInventorySales Discounts
Accounts PayableCashCost of Goods SoldInventorySales Discounts

Question Content Area

b. Received payment. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank Accounts ReceivableCashCost of Goods SoldInventorySales
Accounts ReceivableCashCost of Goods SoldInventorySales
Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2a. Which of these substances is not found in the cell membrane? fatty acids chitin cholesterol phospholipids 2b. In the past...

Biology
Q

A conducting bar of length D rotates with angular frequency w about a pivot P...

Physics
Q

Paragraph for below question The current through an inductor is given as i 2 4t...

Physics
Q

5 4 3 2 4 Part 1 of 7 2 1 3 y k x...

Basic Math
Q

Select the best choice for the definition for vertex. A. The graph of a quadratic...

Basic Math
Q

Simplify 562 5 6i

Calculus
Q

2 1 point Solve the system of equations using any method x y 2 3x...

Algebra
Q

Whispering Winds Corporation was organized on January 1,2027. It is authorized to issue...

Accounting
Q

WSB Inc. is considering a project that requires an initial $24,000 investment in equipment. The...

Accounting
Q

Question 14 Not yet An affiliated company (i.e., Parent) purchases bonds from outside parties. The...

Accounting
Q

a deievery truck costing $8000 with a sa;vage value of $500 and an estimated useful...

Accounting
Q

13. La cuenta de renta no devengada tiene un saldo de $60,000. Si $4,000 de...

Accounting