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Question 1 of 1 0.42/5 i eTextbook and Media List of Accounts Question 1 of 1 0.42/5 i | Question 1 of 1 0.42/5: 4M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5: Competency Assessment: Part 8 Question 1 of 1 0.42/5 G1 P1 51 CR1 CP1 Supplies Date Explanation Ref. Debit Credit Balat Balance CP1 Prepaid Insurance Date Explanation Ref. Debit Credit Balat AC114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5 Post the journals to the general ledger. (Aost entries in the order of Joumol entry presented in the previous ports) General Ledger Question 1 of 1 0.42/5 CP1 R. Moses D. Saito Record the January transactions in a single-column purchases journal (Post entries in the order presented in the probiem statement) eTextbook and Media List of Accounts Swe for Later Attempts: 0 of 5 used Subarlt Arower Record the January transactions in a two column general journal, (Condit account tidles are outometicelly indented when the amoint is entered. Do not indent marually. Record journol entries in the onder presented in the problem. List all debit entries before credit entries) AC114 M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5 130 2,000 157 Equipment 8,250 158 Accumulated Depreciation-Equip. 1.400 201 Accounts Payable 33,000 301 Owner's Capital 79.350 Schedule of Accounts Recelvable (from accounts recelvable subsidlary ledger) \begin{tabular}{lr} Customer & \multicolumn{1}{c}{January1OpeningBalance} \\ R. Beltre & $1,700 \\ B. Santos & 7,800 \\ S. Mahay & 3,400 \end{tabular} Post the journals to the general ledger. (Post entries in the order of Joumal entry presented in the previous parts.) Gencralledger Record the January transactions in a sales journal. (Post entries in the order presented in the problem stotement). Question 1 of 1 0.42/5i AC114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5i 8 Pay freight on merchandise purchased $225. 9 Send checks to S. Meek for $8,000 less 2% cash discount, and to D. Saito for $8,000 less 1% cash discount. 9 Issue credit of $300 to 1. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $18,000. Make one journal entry for these sales: 11 Sell merchandise on account to R. Beltre $1,400, irvoice no. 512 , and to 5. Mahay $900, invoice no 513. 12. Pay rent of $1,400 for January. 13 Receive payment in full from B. Corpas and I, Revere less cash discounts. 15 Withdraw $800 cash by M. Ivanhoe for personaluse. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from D. Saito $14,000, terms 1/10,n/30;5. Meek $14,400, terms 2/10,n/30; and 5 , Gamel $1.500, terms n/30. 17 Pay $800 cash for office supplies. 18. Return $400 of merchandise to S. Meek and receivecredit. 20 Daily cash sales from January 11 to January 20 total $22,600. Make one journal antry for these sales. Question 1 of 1 Question 1 of 1 ? 0.42/5 : AC114 M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5 Ivanhoe Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledgers for lvanhoe are indicated in the working papers presented below. Also following are a series of transactions for Ivanhoe Co. for the month of January. Credit sales terms are 2/10,n/30. The cost of all merchandise sold was 60% of the sales price. Accounts Reccivable Subsidiary Ledger 20 Daily cash sales from January 11 to January 20 total $22,600. Make one journal entry for these sales. 21 15sue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $2,700, invoice no. 514 , and to R Beltre $2,400, invoice no. 515. 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meck for full payment less cash discounts. 25 Sell merchandise on account to B. Santos $3,900, imvoice no, 516, and to 1 . Revere $6,000, invoice no. 517. 27 Purchase merchandise from D. Saito $14,300, terms 1/10,n/30;D. Posey $3,300, terms n/30; and S. Gamel $5,300, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 castifor office supplies. 31 Dally cash sales from January 21 to January 31 total $23,400. Make one joumal entry for these sales. 31 Paysales salaries $4,400 and office salaries $3,000 Accounts Payable Subsidiary Ledger. Question 1 of 1 0.42/5 (Recelved credit for returned goods.) (Payment of balance dues) eToxtbook and Media List of Accounts sivw for tater Attempts: 0 of 5 used Jan. 3 Sell merchandise on account to B. Corpas $3,300, imvoice no. 510 , and to J. Revere $1,800, invoice no. 511 . 5 Purchase merchandise from $, Gamel $6,000 and D. Posey $3,000, terms n/30. 7 Receive checks from $. Mahay $3,400 and B. Santos $2,000 after discount period has lapsed: B. Pay freight on merchandise purchased $225. 9 Send checks to S. Meek for $8,000 less 2% cashi discount, and to D. Saito for $8,000 less 1% cash discount. 9. Issungredit of $300 to J. Revere for merchandise roturned. Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem statement. Select "Not Applicable' in Account Credited column, if no customer is selected.) Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Accounts Payable Subsidiary Ledger Question 1 of 1 0.42/5 eTextbook and Media 114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5 \begin{tabular}{|c|c|c|c|c|} \hline Sales Revenue & & Debit & & Credit \\ \hline Date & Explanation & Ref. & & \\ \hline \end{tabular} Question 1 of 1 0.42/5 i eTextbook and Media List of Accounts Question 1 of 1 0.42/5 i | Question 1 of 1 0.42/5: 4M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5: Competency Assessment: Part 8 Question 1 of 1 0.42/5 G1 P1 51 CR1 CP1 Supplies Date Explanation Ref. Debit Credit Balat Balance CP1 Prepaid Insurance Date Explanation Ref. Debit Credit Balat AC114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5 Post the journals to the general ledger. (Aost entries in the order of Joumol entry presented in the previous ports) General Ledger Question 1 of 1 0.42/5 CP1 R. Moses D. Saito Record the January transactions in a single-column purchases journal (Post entries in the order presented in the probiem statement) eTextbook and Media List of Accounts Swe for Later Attempts: 0 of 5 used Subarlt Arower Record the January transactions in a two column general journal, (Condit account tidles are outometicelly indented when the amoint is entered. Do not indent marually. Record journol entries in the onder presented in the problem. List all debit entries before credit entries) AC114 M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5 130 2,000 157 Equipment 8,250 158 Accumulated Depreciation-Equip. 1.400 201 Accounts Payable 33,000 301 Owner's Capital 79.350 Schedule of Accounts Recelvable (from accounts recelvable subsidlary ledger) \begin{tabular}{lr} Customer & \multicolumn{1}{c}{January1OpeningBalance} \\ R. Beltre & $1,700 \\ B. Santos & 7,800 \\ S. Mahay & 3,400 \end{tabular} Post the journals to the general ledger. (Post entries in the order of Joumal entry presented in the previous parts.) Gencralledger Record the January transactions in a sales journal. (Post entries in the order presented in the problem stotement). Question 1 of 1 0.42/5i AC114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5i 8 Pay freight on merchandise purchased $225. 9 Send checks to S. Meek for $8,000 less 2% cash discount, and to D. Saito for $8,000 less 1% cash discount. 9 Issue credit of $300 to 1. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $18,000. Make one journal entry for these sales: 11 Sell merchandise on account to R. Beltre $1,400, irvoice no. 512 , and to 5. Mahay $900, invoice no 513. 12. Pay rent of $1,400 for January. 13 Receive payment in full from B. Corpas and I, Revere less cash discounts. 15 Withdraw $800 cash by M. Ivanhoe for personaluse. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from D. Saito $14,000, terms 1/10,n/30;5. Meek $14,400, terms 2/10,n/30; and 5 , Gamel $1.500, terms n/30. 17 Pay $800 cash for office supplies. 18. Return $400 of merchandise to S. Meek and receivecredit. 20 Daily cash sales from January 11 to January 20 total $22,600. Make one journal antry for these sales. Question 1 of 1 Question 1 of 1 ? 0.42/5 : AC114 M3 - Competency Assessment: Part 8 Question 1 of 1 0.42/5 Ivanhoe Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledgers for lvanhoe are indicated in the working papers presented below. Also following are a series of transactions for Ivanhoe Co. for the month of January. Credit sales terms are 2/10,n/30. The cost of all merchandise sold was 60% of the sales price. Accounts Reccivable Subsidiary Ledger 20 Daily cash sales from January 11 to January 20 total $22,600. Make one journal entry for these sales. 21 15sue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $2,700, invoice no. 514 , and to R Beltre $2,400, invoice no. 515. 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meck for full payment less cash discounts. 25 Sell merchandise on account to B. Santos $3,900, imvoice no, 516, and to 1 . Revere $6,000, invoice no. 517. 27 Purchase merchandise from D. Saito $14,300, terms 1/10,n/30;D. Posey $3,300, terms n/30; and S. Gamel $5,300, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 castifor office supplies. 31 Dally cash sales from January 21 to January 31 total $23,400. Make one joumal entry for these sales. 31 Paysales salaries $4,400 and office salaries $3,000 Accounts Payable Subsidiary Ledger. Question 1 of 1 0.42/5 (Recelved credit for returned goods.) (Payment of balance dues) eToxtbook and Media List of Accounts sivw for tater Attempts: 0 of 5 used Jan. 3 Sell merchandise on account to B. Corpas $3,300, imvoice no. 510 , and to J. Revere $1,800, invoice no. 511 . 5 Purchase merchandise from $, Gamel $6,000 and D. Posey $3,000, terms n/30. 7 Receive checks from $. Mahay $3,400 and B. Santos $2,000 after discount period has lapsed: B. Pay freight on merchandise purchased $225. 9 Send checks to S. Meek for $8,000 less 2% cashi discount, and to D. Saito for $8,000 less 1% cash discount. 9. Issungredit of $300 to J. Revere for merchandise roturned. Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem statement. Select "Not Applicable' in Account Credited column, if no customer is selected.) Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Accounts Payable Subsidiary Ledger Question 1 of 1 0.42/5 eTextbook and Media 114 MB - Competency Assessment: Part 8 Question 1 of 1 0.42/5 \begin{tabular}{|c|c|c|c|c|} \hline Sales Revenue & & Debit & & Credit \\ \hline Date & Explanation & Ref. & & \\ \hline \end{tabular}

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