Beth uses the net invoice method to record sales on account.  Beth made sales of $40,000 with terms 3/15, net 45.  The customer pays after 25 days.  Journalize: Date Accounts Debit Credit

You are to enter up the sales, purchases and the returns inwards and returns outwards journals/day books from the following details, then the total of the journals are then to be transferred to the relevant accounts in the general ledger.                                                                    2018 May     “ “ “ “ “ “ “ “ “ “ “  1  3  7  9 11 14 17 20 24 28 31 Credit sales: T Thompson £56; L Rodriquez £148; K Barton £145 Credit purchases: P Potter £144; H Harris £25; B Spencer £76 Credit sales: K Kelly £89; N Mendes £78; N Lee £257 Credit Purchases: B Perkins £24; H Harris £58; H Miles £123 Goods returned by us to: P Potter £12; B Spencer £22 Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14 Credit purchases: H Harris £54; B Perkins £65: L Nixon £75. Goods returned by us to B Spencer £14 Credit sales: K Mohammed £57; K Kelly £65; O Green £112 Goods returned to us by N Mendes £24 Credit sales: N Lee £55

E2-13 (Algo) Recording Journal Entries LO2-4 Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $66,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation. Each investor received 103 shares of $10 par value common stock. b. Ordered store fixtures costing $12,000. c. Borrowed $13,000 cash and signed a note due in two years. d. Purchased $20,000 of equipment, paying $1,100 in cash and signing a six-month note for the balance. e. Lent $1,100 to an employee who signed a note to repay the loan in three months. f. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 3 Note: Enter debits before credits Transaction 4 5 Record the receipt of the $13,000 cash borrowed on a…

The table below shows a summary of Carmen's credit card statement for the month of November. Transaction types Unpaid balance from October (Beginning balance on November 1) Purchases made during the month of November Payments made during the month of November Complete the parts below. Write your answer to the nearest cent. Amount $2677.32 $443.70 $386.60 (a) Suppose the credit card company charges 1.82% monthly interest on the unpaid balance from October. How much interest will this be? $0 (b) What will Carmen's unpaid balance be on her December 1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on her November balance yet.) $0

Record the journal entries on each transaction. Refer to the Chart of Accounts for exact wording of account titles. Travis Company purchased merchandise on account from a supplier for $5,100, terms 2/10, net 30 on December 26. Travis Company paid for the merchandise on December 31, within the discount period.   JOURNAL ACCOUNTING EQUATION     DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1                 2                 3                 4

P = Dave Your credit card billing cycle is 10 days. You started your billing cycle with a balance of $500. On Day 4, you made a $100 purchase. On Day 8, you made a $200 payment to your account. What is your average daily balance?

Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $383.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.)

Record the transactions for the month of February in a journal and post the transactions to the ledger.

Subject - account  Please help me.  Thankyou.

Here is Deon's credit card statement for the month of November. Date Transaction November 1 November 7 November 19 November 26 Payment Beginning balance Payment Purchase Date (a) Use the credit card statement to help fill in the table below. Note that there are 30 days in November. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Transaction amount $2900.06 $540.00 $35.45 $700.00 Transaction November 1 Beginning balance November 7 Payment November 19 Purchase November 26 Payment Transaction amount Unpaid balance Number of days at that balance $2900.06 $2900.06 6 days (from November 1 through November 6) $540.00 $2360.06 $35.45 $700.00 days (from November 7 through November 18) $7 days (from November 19 through November 25) $5 days (from November 26 through November 30) Total: 30 days Unpaid Number balance of days X $17,400.36 $ $ $ Total: $