Enter each of the following invoices into a single-column sales journal. Total the entries and place appropriate general ledger account numbers below to show where the total would be posted. There is no need to record any details to individual customer accounts. The company uses 120 as their general ledger account number for Accounts Receivable, and the Sales account number is 400. Each sale carries terms of net 30 days. 2017 May 4 Invoice 801 Sold $200 to Francine Company on account. 7 Invoice 802 Sold $300 to Joshua Enterprises on account. 13 Invoice 803 Sold $100 to Charlize Company on account. 22 Invoice 804 Sold $350 to Francine Company on account. 25 Invoice 805 Sold $400 to Kirkhouse Consulting on account. 30 Invoice 806 Sold $250 to Charlize Company on account

QS 9-1 (Algo) Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).  Sold $21,000 of merchandise, which cost $15,800, on Mastercard credit cards. Mastercard charges a 5% fee. Sold $5,100 of merchandise, which cost $3,050, on an assortment of bank credit cards. These cards charge a 4% fee.

Current Attempt in Progress Crane's Book Warehouse distributes hardback books to retail stores and extends credit terms of 1/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,800 from Binsfeld Publishers, terms 2/10, n/30. 3 Sold books on account to Reading Rainbow for $3,000. The cost of the books sold was $1,500. 6 Received $100 credit for books returned to Binsfeld Publishers. 9 Paid Binsfeld Publishers in full. 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Rapp Books for $2,400. The cost of the merchandise sold was $1,440. 222 20 Purchased books on account for $2,400 from McGinn Publishers, terms 1/15, n/30. 24 Received payment in full from Rapp Books. 26 Paid McGinn Publishers in full. 28 30 220 Sold boo on account to Baeten Bookstore for $1,400. The cost of the merchandise sold was $970. Granted Baeten Bookstore $130 credit for books returned…

Domestic

2.16) Find the average daily balance (new purchases included) Dates Payment End of Day Balance 4/1-4/5 4/6 4/7-4/22 4/23 4/24-4/30 Average $380.00 Purchase $110.00 Po X $300.00 x $410.00 x $410.00 X $30.00 X $30.00 x Total Number of Days v 5 1 16 1 7 30 Sum of Balances $1,500.00 $410.00 $6,560.00 $30.00 $210.00

A retailer buys merchandise from a supplier with an invoice amount of $12,600. The terms of the sale are 5/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day? $       hi also the 5 is highlighted red i dont know what that mean

Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000

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