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

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

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P5-4A a) General Journal Month Day Account Titles and Explanation Ref Apri 4 Merchandie Inventory 120 Accounts Payable 201 6 Merchandie Inventory 120 Cash 101 8 Accounts Receivable 112 Sales 401 Cost of Goods Sold 505 Merchandise Inventory 120 10 Accounts Payable 201 Merchandise Inventory 120 11 Merchandie Inventory 120 Cash 101 13 Accounts Payable($840-$40) 201 Merchandise Inventory($800x2%) 120 Cash 101 14 Merchandie Inventory 120 Accounts Payable 201 15 Cash 101 Merchandise Inventory 120 17 Merchandie Inventory 120 Cash 101 18 Accounts Receivable 112 Sales 401 Cost of Goods Sold 505 Merchandise Inventory 120 20 Cash 101 Accounts Receivable 112 21 Accounts Payable 201 Merchandise Inventory($900x3%) 120 Cash 101 27 Sales Returns and Allowances 412 Accounts Receivable 112 30 Cash 101 Accounts Receivable 112 b) CASH Month Day Explanation Ref April 1 Balance * 6 J1 11 J1 13 J1 15 J1 17 J1 20 J1 21 J1 30 J1 ACCOUNTS RECEIVABLE Month Day Explanation Ref Apr 8 J1 18 J1
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20 J1 27 J1 30 J1 MERCHANDISE INVENTORY Month Day Explanation Ref Apr 1 Balance * 4 J1 6 J1 8 J1 10 J1 11 J1 13 J1 14 J1 15 J1 17 J1 18 J1
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