Issued debit memo to Taco Co. for $4,600 of merchandise returned from purchase on October 4.
13
Paid Hoagie Co. for invoice of October 3.
14
Paid Taco Co. for invoice of October 4 less debit memo of October 6.
19
Purchased merchandise from Veggie Co., $26,320, terms FOB shipping point, n/eom.
19
Paid freight of $410 on October 19 purchase from Veggie Co.
20
Purchased merchandise from Caesar Salad Co., $20,100, terms FOB destination, 1/10, n/30.
30
Paid Caesar Salad Co. for invoice of October 20.
31
Paid UK Imports Co. for invoice of October 1.
31
Paid Veggie Co. for invoice of October 19.
Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
CHART OF ACCOUNTS
Capers Company
General Ledger
ASSETS
110
Cash
120
Accounts Receivable
125
Notes Receivable
130
Merchandise Inventory
131
Estimated Returns Inventory
140
Office Supplies
141
Store Supplies
142
Prepaid Insurance
180
Land
192
Store Equipment
193
Accumulated Depreciation-Store Equipment
194
Office Equipment
195
Accumulated Depreciation-Office Equipment
LIABILITIES
211
Accounts Payable-Caesar Salad Co.
212
Accounts Payable-Hoagie Co.
213
Accounts Payable-Taco Co.
214
Accounts Payable-UK Imports Co.
215
Accounts Payable-Veggie Co.
216
Salaries Payable
218
Sales Tax Payable
219
Customers Refunds Payable
221
Notes Payable
EQUITY
310
Owner, Capital
311
Owner, Drawing
312
Income Summary
Just need the ones highlighted in red.
Instructions Chart of Accounts ! Journal
Answer & Explanation
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