FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
Cash Receipt Journals
TRANSACTIONS FOR THE PERIOD
DATE
|MONTH
June
AMOUNT ($)
$
200
$
350
$
33,600
$
$
$
$
30,000
36,000
65
4,200
25,000
85
1,000
320
$
$
1,000
$
1,400
$
85
150
285
1,000
16,500
2,500
PARTICULARS
1 Drew cheque no. 119 to establish Petty Cash Advance
1 Paid insurance on equipment by cheque no. 120
2 Purchased 120 of Conventional at $280 each from Air King. Invoice no. 60110
5 Received payment from customer, Orange Ltd, for $30000. Receipt No.602
8 Sold 80 Conventional at $450 each to Berry Ltd on credit
9 Paid for cardboard boxes from petty cash. Voucher No. 2
10 Sold 6 Refrigerator at $700 each to Cherry Ltd for cash. Receipt No. 603
11 Paid the outstanding debt in full to Air King. Cheque No. 121
13 Paid $85 for advertising brochures from petty cash. Voucher No. 3
15 Paid wages expense. Cheque No. 122
18 Paid electricity expense. Cheque No. 123
20 Drawing by owner of $1000. Cheque No. 124
21 Returned 5 defective Refrigerators purchased on 2 June 2014 to Air King
23 Paid $85 for air conditioning gas. Cheque No. 125
26 Reimbursed petty cash. Cheque No. 126
27 Paid telephone expense. Cheque No. 127
$
28 Paid wages expense. Cheque No. 128
29 Received full payment from customer, Apple Ltd. 2% discount for early payment ap $
29 Paid rent in advance for July 2021. Cheque No. 129
$
$
expand button
Transcribed Image Text:TRANSACTIONS FOR THE PERIOD DATE |MONTH June AMOUNT ($) $ 200 $ 350 $ 33,600 $ $ $ $ 30,000 36,000 65 4,200 25,000 85 1,000 320 $ $ 1,000 $ 1,400 $ 85 150 285 1,000 16,500 2,500 PARTICULARS 1 Drew cheque no. 119 to establish Petty Cash Advance 1 Paid insurance on equipment by cheque no. 120 2 Purchased 120 of Conventional at $280 each from Air King. Invoice no. 60110 5 Received payment from customer, Orange Ltd, for $30000. Receipt No.602 8 Sold 80 Conventional at $450 each to Berry Ltd on credit 9 Paid for cardboard boxes from petty cash. Voucher No. 2 10 Sold 6 Refrigerator at $700 each to Cherry Ltd for cash. Receipt No. 603 11 Paid the outstanding debt in full to Air King. Cheque No. 121 13 Paid $85 for advertising brochures from petty cash. Voucher No. 3 15 Paid wages expense. Cheque No. 122 18 Paid electricity expense. Cheque No. 123 20 Drawing by owner of $1000. Cheque No. 124 21 Returned 5 defective Refrigerators purchased on 2 June 2014 to Air King 23 Paid $85 for air conditioning gas. Cheque No. 125 26 Reimbursed petty cash. Cheque No. 126 27 Paid telephone expense. Cheque No. 127 $ 28 Paid wages expense. Cheque No. 128 29 Received full payment from customer, Apple Ltd. 2% discount for early payment ap $ 29 Paid rent in advance for July 2021. Cheque No. 129 $ $
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education