hi, i cant seem to solve this problem AII-2B, its from the book of Fundamental...
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hi, i cant seem to solve this problem AII-2B, its from the book of Fundamental Accounting, please i need help solving it. thank you:)
Problem All-2B Special journals-perpetual L04 Fraser Antiques completed the transactions listed below during June 2020. All sales are o n 2/10/30 Pape AP43 June 1 Purchased equipment costing $22.500 from Exeter Equipment; terms w/30. 4 Purchased a collection of antiques for $12.500 from Whitby Co: terms 1/5 W/S 5 Sold a group of antiques to Martha Stohart for $51,000 on credit: invoice 247 (cost $25.500 6 Sold an antique to Carol Larson for $4.100 on credit: Invoice #348 (cost $2.850). 7 Received an allowance of $2.400 regarding the June 4 purchase due to damages that occurred during delivery 8 Purchased office supplies of $900 from Suppliers Unlimited: terms 2/10, n/30. 11 Paid for the purchase of June 4: cheque 101 12 Received payment from Carol Larson regarding the sale of June 6, 14 Paid mid-month salaries of $7,500: cheque #102 18 Sold an antique to Lars Wilson for $3.000 on credit invoice W349 (cost $2.450) 24 Received payment regarding the sale of June 5. 25 Sold a group of antiques to Nathan Blythe for $12.000 on credit: invoice #350 (cost $7250) 26 Nathan Blythe returned one of the antiques purchased on June 25 for $1.400 because it was not suited to his home (cost $1.100). The item was returned to inventory 27 Received payment on the sale of June 18. 28 Paid for the purchase of June 1: cheque 103. 29 Paid month end salaries of $7.500, cheque #104. Required 1. Prepare a general journal, sales journal purchases journal.cash receipts journal and cash disbursements journal like the ones illustrated in this chapter 2. Journalize the June transactions into the appropriate journal. De won www
hi, i cant seem to solve this problem AII-2B, its from the book of Fundamental Accounting, please i need help solving it.
thank you:)

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