WK2+LT - Running head LEARNING TEAM ASSIGNMENT CH 5& 6...

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Unformatted text preview: Running head: LEARNING TEAM ASSIGNMENT: CH. 5 & 6 EXERCISES 1 Learning Team Assignment: Ch. 5 & 6 Exercises Paula Dierks, Ticy Joris, Shannon Mell, Scott Ward ACC/281 August 15, 2011 Hong Zhao LEARNING TEAM ASSIGNMENT: CH. 5 & 6 EXERCISES 2 P5-4A – Scott (a) General Journal J1 Date Account Titles Ref. Debit Credit Apr. 4 Merchandise Inventory............................................. Accounts Payable........................................... 120 201 840 840 6 Merchandise Inventory............................................. Cash................................................................ 120 101 40 40 8 Accounts Receivable................................................ Sales............................................................... Cost of Goods Sold.................................................. Merchandise Inventory................................... 112 401 505 120 1,150 790 1,150 790 10 Accounts Payable..................................................... Merchandise Inventory................................... 201 120 40 40 11 Merchandise Inventory............................................. Cash................................................................ 120 101 420 420 13 Accounts Payable..................................................... Merchandise Inventory................................... Cash................................................................ 201 120 101 800 16 784 14 Merchandise Inventory............................................. Accounts Payable........................................... 120 201 900 900 15 Cash ……………………………………………… Merchandise Inventory................................... 101 120 50 50 17 Merchandise Inventory............................................. Cash................................................................ 120 101 30 30 LEARNING TEAM ASSIGNMENT: CH. 5 & 6 EXERCISES 3 18 Accounts Receivable................................................ Sales..................................................................
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WK2+LT - Running head LEARNING TEAM ASSIGNMENT CH 5& 6...

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