Questions from College Accounting

Q: Enter the following transactions starting on page 60 of a general journal

Enter the following transactions starting on page 60 of a general journal and post them to the appropriate general ledger and accounts receivable ledger accounts. Use account numbers as shown in the c...

Q: Enter the following transactions in a general journal: July 6

Enter the following transactions in a general journal: July 6 James Adler made payment on account, $643. 10 Cash sales for the week were $2,320. 14 Betty Havel made payment on account, $430. 15 J. L....

Q: From the accounts receivable ledger shown, prepare a schedule of accounts

From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng Co. as of August 31, 20--.

Q: What steps are followed in posting from the cash payments journal to

What steps are followed in posting from the cash payments journal to the general ledger?

Q: J. K. Bijan owns a retail business and made the

J. K. Bijan owns a retail business and made the following sales on account during the month of August 20--. There is a 6% sales tax on all sales. Aug. 1 Sale No. 213 to Jung Manufacturing Co., $1,200...

Q: A partially completed flowchart showing some of the major documents commonly used

A partially completed flowchart showing some of the major documents commonly used in the purchasing function of a merchandise business is presented below. Identify documents 1, 3, and 4.

Q: Sam Santiago operates a retail variety store. The books include a

Sam Santiago operates a retail variety store. The books include a general journal and an accounts payable ledger. Selected account balances on May 1 are as follows: The following are the transaction...

Q: Emily Frank owns a small retail business called Frank’s Fantasy. The

Emily Frank owns a small retail business called Frank’s Fantasy. The cash account has a balance of $21,000 on July 1. The following transactions occurred during July: July 1 Issued Check No. 414 in pa...

Q: Based on the information provided in Problem 11-11A,

Based on the information provided in Problem 11-11A, Problem 11-11A: Emily Frank owns a small retail business called Frank’s Fantasy. The cash account has a balance of $21,000 on July 1. The follow...

Q: Merchandise was purchased on account from Jacob’s Distributors on May 17.

Merchandise was purchased on account from Jacob’s Distributors on May 17. The purchase price was $2,000, less a 10% trade discount and credit terms of 2/10, n/30. 1. Calculate the net amount to record...