Select the correct Dr. and Cr. to record this event..... Time left 1:33:23 On February...
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Accounting
Select the correct Dr. and Cr. to record this event..... Time left 1:33:23 On February 18th, you sold a delivery van you no longer needed. All accounts were updated before quoting a price that the buyer would accept. You paid $20,000 for the van, and accumulated depreciation totals $8,000. You sold the van for $7,000. NOTE: Pay attention to what each row is asking you to do! The "rows" below will shuffle for each student. Pick the correct Dr. or Cr, accordingly. Will you dr or cr..... Accumulated Depreciation? Choose... Will you dr or cr..... Delivery Van? Choose... Will you dr or cr.... Cash? Choose... Will you..... dr. Loss on Disposal or cr. Gain on Disposal? Choose... + Select the correct Dr. and Cr. to record this event..... Your customer returned a dress she purchased for $70 cash, plus $3.50 sales tax. Your retail store uses the Periodic Inventory system for managing its inventory. Note: The "rows" below will shuffle for each student. Select the correct dr. or cr. for each line of your journal entry. Will you dr. or cr...... Cash? . Choose... Yes or No: Will you need to dr. or cr..... Merchandise Inventory? Choose... 4 Will you dr. or cr..... Sales Returns & Allowances? Choose... Will you dr. or cr..... Sales Tax Payable? Choose... Select the correct Dr. and Cr. to record this event..... Your company offers credit terms of 3/10, net 45 to all customers. A customer sends in payment within the grace period. Post this payment. Note: The "rows" below will shuffle for each student. Select the correct dr. or cr. for each line of your journal entry. 4 Will you dr. or cr...... Sales Discounts? Choose... . Will you dr. or cr..... Accounts Receivable? Choose... Choose... Will you dr. or cr...... Cash
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