Team D Problems 5-4A and 5-7A

Team D Problems 5-4A and 5-7A - P5-4A a)General...

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Unformatted text preview: P5-4A a)General JournalMonth DayAccount Titles and ExplanationRefApri4 Merchandie Inventory120Accounts Payable2016 Merchandie Inventory120Cash1018 Accounts Receivable112Sales401Cost of Goods Sold505Merchandise Inventory12010 Accounts Payable201Merchandise Inventory12011 Merchandie Inventory120Cash10113 Accounts Payable($840-$40)201Merchandise Inventory($800x2%)120Cash10114 Merchandie Inventory120Accounts Payable20115 Cash101Merchandise Inventory12017 Merchandie Inventory120Cash10118 Accounts Receivable112Sales401Cost of Goods Sold505Merchandise Inventory12020 Cash101Accounts Receivable11221 Accounts Payable201Merchandise Inventory($900x3%)120Cash10127 Sales Returns and Allowances412Accounts Receivable11230 Cash101Accounts Receivable112b)CASHMonth DayExplanationRefApril1 Balance*6J111J113J115J117J120J121J130J1ACCOUNTS RECEIVABLEMonth DayExplanationRefApr8J118J120J127J130J1MERCHANDISE INVENTORYMonth DayExplanationRefApr1 Balance*4J16J18J110J111J113J114J115J117J118J121J1ACCOUNTS PAYABLEMonth DayExplanationRefApr4J110J113J114J121J1COMMON STOCKMonth Day...
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This note was uploaded on 12/19/2010 for the course ACC 281 taught by Professor Feleciawhitley during the Summer '10 term at University of Phoenix.

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Team D Problems 5-4A and 5-7A - P5-4A a)General...

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