Acct 2301 Chap 6 Excel

Acct 2301 Chap 6 Excel - Accts Receivable= amount of the...

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Church Company Sales Journal Sales Tax Date Account Debited Inv Trans Acct. Rec Payable No No Dr. Sales Cr Cr Total Church Company General Ledger Accounts Receivable Trans Date Item No Debit Credit Balance Sales Trans Date Item No Debit Credit Balance Sales Tax Payable Trans Date Item No Debit Credit Balance Church Company Accounts Receivable Ledger Min Cho Trans Date Item No Debit Credit Balance Linda Witt Trans Date Item No Debit Credit Balance Jovita Albany
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Trans Date Item No Debit Credit Balance Church Company Accounts Receivable Ledger March 30' Min Cho Linda Witt Jovita Albany Total Accounts Receivable
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CHURCH COMPANY Inv. No. Check Sales Date Description Name or Date No. Terms Amount Tax Mar. 2 MerchandiseMin Cho 854 2/10, n/30 16,800 1,176 3 MerchandiseLinda Witt 855 2/10, n/30 10,200 714 10 Sold merchaJovita Alban 856 2/10, n/30 5,600 392 27 MerchandiseJovita Alban 857 2/10, n/30 14,910 1,044 28 MerchandiseLinda Witt 858 2/10, n/30 4,315 302 Check figure: Total acco $55,453 Chapter 6 Church Company completes merchandise transactions as given in the problem during March, its first m 1. Enter the transactions in a sales journal with the amount of the Accounts
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Unformatted text preview: Accts Receivable= amount of the sale and the amount of the sales tax 2. Open the following general ledger accounts: Accounts Receivables, Sales, Sales Tax Payable Accounts Receviable would equal Sales Amounts + Sales Tax Total all 5 transactions above 3. Open the following accounts receivable subsidiary ledgers: Jovita Alba for March 10, Min Cho for March 2, Linda Witt for March 3 The amount for each customer would be their Sales + Sales Tax Post the rest of the transactions to the accounts receivable subsidiary ledger and get a running tot 4. Prove the accuracy of the subsidiary ledger by preparing a schedule of accounts receivable as of M The Total for all 3 customers subsidiary ledger should equal the AR Ledger. month of operations (terms for all its credit sales are 2/10, n/30 tal for each Customer. (See exhibit 3 page 207 March 31....
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This note was uploaded on 06/30/2011 for the course ACCOUNTING 2301 taught by Professor Sarah during the Fall '10 term at HCCS.

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Acct 2301 Chap 6 Excel - Accts Receivable= amount of the...

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