please help me Please refer to Chapter 7 Accounting Principles Book one to complete the following Task 7 -8Happy Pictures had the following transactions during June. All amounts include GST where applicable.DateDetailsAmountCost of Sale(incl GST)$ 1,100$ 1,034$ 1,672$ 165$ 935$ 850$630June 2 Sale to SherwinJune 5 Sale to BillJune 12 Sales to LiamJune 18 Return from SherwinJune 22 Cash Receipt Bill$1,400$100Task 7Create General Journal Entries and post to the General Ledger and Receivables ledgersAnswer:General Journal – RMIT BookstoreDateParticularsDebitCreditGeneral Ledger – RMIT BookstoreBankDateParticularsDebitCreditBalanceJune 01Balance6,800 DRAccount ReceivableDateParticularsDebitCreditBalanceInventoryDateParticularsDebitCreditBalanceJune 01Balance12,500 DRGST CollectedDateParticularsDebitCreditBalanceCapitalDateParticularsDebitCreditBalanceJuneBalance19,300 DR01Sales RevenueDateParticularsDebitCreditBalanceCOGSDateParticularsDebitCreditBalanceReceivables Subsidiary Ledger- RMIT BookstoreBillDateParticularsDebitCreditBalanceLiamDateParticularsDebitCreditBalanceSherwinDateParticularsDebitCreditBalanceReceivables Reconciliation - RMIT BookstoreBillLiamSherwinBalance per Control Account

Journal entries are the primary recording makes in the books of account. All the transactions are…

Happy Pictures had the following transactions during June. All amounts include GST where applicable. Date Details Amount Cost of Sale (incl GST) $1,100 $ 1,034 $ 1,672 $ 165 $ 935 $ 850 $630 $1,400 $100 June 2 Sale to Sherwin June 5 Sale to Bill June 12 Sales to Liam June 18 Return from Sherwin June 22 Cash Receipt - Bill Task 7 Create General Journal Entries and post to the General Ledger and Receivables ledgers

Happy Pictures had the following transactions during June. All amounts include GST where applicable. Date Details Amount Cost of Sale (incl GST) $1,100 $ 1,034 $ 1,672 $ 165 $ 935 $ 850 $630 $1,400 $100 June 2 Sale to Sherwin June 5 Sale to Bill June 12 Sales to Liam June 18 Return from Sherwin June 22 Cash Receipt - Bill Task 7 Create General Journal Entries and post to the General Ledger and Receivables ledgers

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section15.2: Adjusting Merchandise Inventory And Interest Receivable

Problem 1WT

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Parts wriiten Subparts to be solve are the ones to be solved Question Requirement 1For each of the following transactions make the required entries in the General Journal:(See the General Ledger tab in the workbook Chapter 03 b - Problem 3-1 Forms for the accounts in OPJ’s accounting system.)Feb 01 Take $4,000 cash out of Big Bank to pay for February’s warehouse rent.Feb 04 Sale of inventory to a customer – selling price $62,000 – cost of inventory sold $16,000 – customer paid cash which was deposited in Big Bank.Feb 07 Take $10,000 cash out of Little Bank to pay employees for wages they have earned.Feb 15 Sale of inventory to a customer – selling price $88,000 – cost of inventory sold $22,000 – customer will pay in the future.Feb 18 Sale of inventory to a customer – selling price $110,000 – cost of inventory sold $28,000 – customer pays $40,000 cash which is deposited in Little Bank – customer will pay for the remaining amount of the sale in 30 days.Feb 22 Purchase additional…
ab User Management,... H https://outlook.offi... FES Protection Plan System 7 - North C... Homework Exercises Saved Lewis Corporation engaged in the following transactions during June. DATE TRANSACTIONS 20X1 4 Purchased merchandise on account from Salinas Company; Invoice 100 for $1,005; terms n/30. 15 Recorded purchases for cash, $1,490. 30 Paid amount due to Salinas Company for the purchase on June 4. June Book Required: Record these transactions in a general journal. erences View transaction list Journal entry worksheet 1. 21 3 Paid amount due to Salinas Company for the purchase on June 4. Note: Enter cebits before credits.
Next Question 24/10 Find the amount of the credit given to the business, based on the Sales/Refunds record for 09/24/10, after the 2.25% fee is subtracted. Sales Refunds $82.84 $32.06 $69.45 ..... $434.45 $69.19 $235.87 The total amount of credit will be $ $108.53 $123.32 (Round to the nearest cent as needed.) $60.85 $86.23 $139.47 $288.49 $150.28
Chapter 12 Homework eBook Show Me How Print Item Journalizing Sales Transactions Enter the following transactions in a sales journal. Use a 6% sales tax rate. Sept. 1 Sold merchandise on account to K. Smith, $1,700, plus sales tax. Sale No. 228. 3 Sold merchandise on account to J. Arnes, $2,900, plus sales tax. Sale No. 229. 5 Sold merchandise on account to M. Denison, $2,700, plus sales tax. Sale No. 230. 7 Sold merchandise on account to B. Marshall, $1,500, plus sales tax. Sale No. 231. ACCOUNTS RECEIVABLE DEBIT Page: 1 SALES TAX PAYABLE CREDIT > SALE NO. POST. REF. SALES CREDIT DATE TO WHOM SOLD М.d 1 1 М. d 2 2 М.d М.d 4 4 3.
16.3 You are to enter up the sales, purchases, returns inwards and returns outwards day books from the following details, then to post the items to the relevant accounts in the sales and chase ledgers. The total of the day books are then to be transferred to the accounts in the General Ledger. 20X9 May 1 Credit sales: T Thompson f56; L Rodriguez £148; K Barton f145. 3 Credit purchases: P Potter £144; H Harris £25; B Spencer £76. 7 Credit sales: K Kelly £89; N Mendes £78; N Lee £257. 9 Credit purchases: B Perkins £24; H Harris £58; H Miles £123. 11 Goods returned by us to: P Potter £12; B 5pencer £22. 14 Goods returned to us by: T Thompson £5; K Barton £11; K Kelly £14. 17 Credit purchases: H Harris [54; B Perkins £65; L Nixon £75. Goods returned by us to B Spencer £14. 24 Credit sales: K Mohammed £57; K Kelly f65; O Green £112. Goods returned to us by N Mendes £24. 71 20 11 28 31 Credit sales: N Lee £55.
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Instructions to chapter 10 exercises - Word eview View Help Y Tell me what you want to do AaBbCcDc AaBbCcDc AaBbC AABBCCD AaB AaBbCcD 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Paragraph Styles Exer 10-4 Entries for notes payable Obj. 1 A business issued a 120-day,5% note for $60,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Exer 10-6
View Policies Current Attempt in Progress Transactions for the month of June were: Purchases Sales June 1 (balance) 3130 @ $3.00 June 2 2300 @ $5.70 8700@ 2.90 6. 6430 @ 5.70 4710 @ 3.10 9. 4080 @ 5.70 15 7150 @ 3.20 10 1600 @ 7.00 22 2060 @ 3.30 18 5620 @ 7.00 25 790 @ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.) O $15347. O $15086. O $14547. O $15467. Save for Later Attempts: 0 of 2 used Submit Answer
Saved Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable-Aron. 1 Purchased merchandise from Aron Company for $7,000 under credit terms of l/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird Corp. for $4,900 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $3,000. 8 Purchased merchandise from Waters Corporation for $6, 000 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8. 9 Paid $100 cash for shipping charges related to the August 5 sale to Baird Corp. 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was restored to inventory. 12 After negotiations with Waters Corporation concerning problems…
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