Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. journalize the entries for the following transacti

Journalize the entries for the following transactions: (If an amount box does not require an...

90.2K

Verified Solution

Question

Accounting

Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.)
a. Sold merchandise for cash, $21,980. The cost of the goods sold was $13,190.(Record the sale first.)
b. Sold merchandise on account, $13,130. The cost of the goods sold was $7,880.(Record the sale first.)
c. Sold merchandise to customers who used MasterCard and VISA, $120,610. The cost of the goods sold was $72,370.(Record the sale first.)
image

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

Mechanical Engineering
1.2K views

You are to present a research proposal with regards to the topic of \"Investigation of the...

General Management
1.2K views

ABC company has recently developed a smart robotic system (SRS) used for disinfecting tasks as a...

Physics
1.2K views

19 A point charge q is placed at a distance r from the centre O...

Physics
1.2K views

Four weightlifters A through D enter a competition The mass and distance that each lifts...

Physics
1.2K views

distance from a long line charge linear charge density 2 as shown in the figure...

Basic Math
1.2K views

For each part, draw a Venn diagram whose loops for sets A, B, and C...

Algebra
1.2K views

Solve the exponential equation 8 8 12 4 x 0 Compute the exact answer Solve...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] ...

Accounting
1.2K views

Written report with the following content: Appendix1: Leasing Explain the calculations Your...

Accounting
1.2K views

See additional details below. Supporting Materials

Accounting
1.2K views

Is the president's pleasure justified? Complete a revised performance reort tgat uses a flexible budget...

Accounting
1.2K views

How is the column for 12/31/2017 Account Balance 6.27%, 11.11%, 80.62% 2. Compute the...