Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please write all the entrys for transactions

please write all the entrys for transactions Joumalize...

90.2K

Verified Solution

Question

Accounting

please write all the entrys for transactions image
image
image
image
Joumalize the following transactions that occurted in Septernber for Cardinal, assuming the peipetual imvontory system is being used. No explacabions ate needed Identify each iccounts payable and accounts receivable with the vendor or customer naine Cardinal esfimates sales returns at the end of each month (Rocoed debits first, then credits Excbode explanations from journal entries: Check your speling carelully and do not abbreviate. Assume the coenpany records sales at the net amount). (CEck the lcon to view the transactions) Sep. 3. Purchased merchandse inventory on acceunt from Sideckl Wholenalers, $3,500. Teims 2IT5, nEOM. FOB shieping point. Sin 4 Paid freight bill of 45 on Sdptember 3 purchase Sep. 8. Sold merchandise inventory to Herenda Company, $5,900, on account. Tems 3115,n/35. Cost of goods, $2,419 Begin by preparing the entry to jo foalize the sale portion of the transaction. Do not record the expence related to the sale. We will do that in the following step More info sed. No explanati month. (Record net amount.) II do that in the fo II do that in th

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

Finance
1.2K views

Pepsi is struggling as a corporation. Many critics argue that id shouldn’t have sold some of...

Accounting
1.2K views

Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates...

Physics
1.2K views

A body of mass 0 1 kg travelling with a velocity of 5 m s...

Basic Math
1.2K views

Your neighbors are purchasing hot dogs for a backyard barbecue. They are expecting 48...

Algebra
1.2K views

Let p 2 can be computed via synthetic division by filling in for the letters...

Algebra
1.2K views

Consider the set 2 6 1 1 0 6 2 0 1 which is a...

Algebra
1.2K views

An amount of $4500 is invested at 12% interest, compounded daily.a. Find the future value...

Accounting
1.2K views

auditing Question one Answer each of the following statements true or false. If...

Accounting
1.2K views

Johnny took $20,000 loan from his employer, with an agreement to pay $1000 instalment every...

Finance
1.2K views

Three Guys Burgers, Inc., has offered $23 million for all of the common stock in...

Accounting
1.2K views

Check my work mode: This shows what is correct or incorrect for the work you...

Finance
1.2K views

Which statement is NOT TRUE in describing the similarities and differences between OLS and MLE?...