Reference no: EM133185863
Question - The following are the sales transactions of MARICOR Company for the month of September 2020. Merchandise purchased on account has a 3/10, n/30 credit terms.
Sept. 1 - Sold merchandise on account from Herbert Supply Co. P90,000.
Sept. 5 - Received check payment of account from Herbert Supply Co.
Sept. 9 - Sold merchandise on account from Maricar Co. P50,000.
Sept. 12 - Paid freight charges on the merchandise sold to Maricar Co. P2,500.
Sept. 13 - Returned P6,000 of merchandise sold to Maricar Co.
Sept. 14 - Received payment from Maricar Co.
Sept. 15 - Sold merchandise for cash P26,000. Received a check.
Sept. 17 - Sold merchandise on account to LALA Company P50,000.
Sept. 19 - LALA Company returned P10,000 worth of merchandise.
Sept. 21 - Received check from various customers P145,000.
Sept. 26 - Received cash from LALA company.
Sept. 29 - Cash Sales for the month from various customers P9,000.
Required -
1. Record the transactions in a Sales Journal, Cash Receipts journals and General Journal.
2. Total the sales and cash receipt.
|
Why did the americans want to break up the deutsche bank
: Founded in 1870 to help finance surging German exports and imports, the Deutsche Bank soon moved into domestic banking. In fact, its founders aimed to create bo
|
|
2025 ontario parasport winter games
: Purpose: To apply course material to design a successful bid for the 2025 Ontario Parasport Winter Games.
|
|
Discuss the basic business activities
: Discuss the basic business activities and related information processing operations in the expenditure cycle, explain the general threats to those activities
|
|
Describe the financial crisis
: Describe the financial crisis of 2007- 2009. What were the primary causes of this financial crisis?
|
|
Record the transactions in a sales journal
: Record the transactions in a Sales Journal, Cash Receipts journals and General Journal - Sept. 15 - Sold merchandise for cash P26,000. Received a check
|
|
CRJ 400 Crime Prevention Strategies Assignment
: CRJ 400 Crime Prevention Strategies Assignment Help and Solution, Strayer University - Homework Help - Landmark Police Experiments - Kansas City Preventive
|
|
Do you think price discrimination through coupons is fair
: One method of price discrimination for firms is the use of coupons and rebates.Do you think price discrimination through coupons is fair?
|
|
Marketing manager for serenity insurance
: You are still marketing manager for Serenity Insurance. Write letter to Tracey Jones, managing Director of Ads4U, the advertising agency that has handled Sereni
|
|
Characterizing the breadth and diversity of business
: Identifying and characterizing the breadth and diversity of business stakeholder relationships is a prerequisite to a holistic, practically functional, and valu
|