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  • HW Question: Section 1) Purchases Entry: General and Subsidiary Ledgers For Accounts Payable

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    Zubaidah
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    On March 2, purchased goods for $3500 from Ahmed on account. On March 3, Goods return to Ahmed valued $500 On March 5, purchased goods for $4000 from Nancy on account On March 10, paid Ahmed $2000 in cash On March 13, paid Nancy $3000 in cash On March 15, goods sold to Omar for $3300 on account On march 17, Goods returned from Omar valued $300 On March 20, received from Omar $2000 On March 23, goods sold to Karam for $6000 On March 27, received from Karam $5000 in cash Required 1. Journalize the above entries using general and subsidiary ledgers for accounts payable and receivable

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    Financial Accounting 4

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    On March 2, purchased goods for $3500 from Ahmed on account. On March 3, Goods return to Ahmed valued $500 On March 5, purchased goods for $4000 from Nancy on account On March 10, paid Ahmed $2000 in cash On March 13, paid Nancy $3000 in cash On March 15, goods sold to Omar for $3300 on account On march 17, Goods returned from Omar valued $300 On March 20, received from Omar $2000 On March 23, goods sold to Karam for $6000 On March 27, received from Karam $5000 in cash Required 1. Journalize the above entries using general and subsidiary ledgers for accounts payable and receivable

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    © All Rights Reserved
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    Sinalizar o conteúdo como inadequado
    12 visualizações2 páginas

    HW Question: Section 1) Purchases Entry: General and Subsidiary Ledgers For Accounts Payable

    Enviado por

    Zubaidah
    On March 2, purchased goods for $3500 from Ahmed on account. On March 3, Goods return to Ahmed valued $500 On March 5, purchased goods for $4000 from Nancy on account On March 10, paid Ahmed $2000 in cash On March 13, paid Nancy $3000 in cash On March 15, goods sold to Omar for $3300 on account On march 17, Goods returned from Omar valued $300 On March 20, received from Omar $2000 On March 23, goods sold to Karam for $6000 On March 27, received from Karam $5000 in cash Required 1. Journalize the above entries using general and subsidiary ledgers for accounts payable and receivable

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOC, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 2

    Financial Accounting Zubaidah Abdul Rehman

    Home Work 4 20042080


    HW Question
    On March 2, purchaed good !or "#$00 !rom Ahmed on account%
    On March #, &ood return to Ahmed 'alued "$00
    On March $, purchaed good !or "4000 !rom (anc) on account
    On March *0, paid Ahmed "2000 in cah
    On March *#, paid (anc) "#000 in cah
    On March *$, good old to Omar !or "##00 on account
    On march *+, &ood returned !rom Omar 'alued "#00
    On March 20, recei'ed !rom Omar "2000
    On March 2#, good old to ,aram !or "-000
    On March 2+, recei'ed !rom ,aram "$000 in cah
    Re.uired
    *% /ournali0e the abo'e entrie uing general and ubidiar) ledger !or account pa)able and
    recei'able
    HW Answer
    1ection *2 3urchae 4ntr)5 &eneral and 1ubidiar) 6edger !or Account 3a)able
    7ear 4ntr) Recording 8r% 9r%
    :Ahmed2
    March 2 3urchae #$00
    Account 3a)able #$00
    :Ahmed2
    March # Account 3a)able $00
    3urchae Return $00
    :(anc)2
    March $ 3urchae 4000
    Account 3a)able 4000
    :Ahmed2
    March *0 Account 3a)able 2000
    9ah 2000
    :(anc)2
    March *# Account 3a)able #000
    9ah #000
    A;3 :Ahmed2 A;3 :(anc)2
    $00 #$00 #000 4000
    2000 *000
    $00
    A;3 9ontrol
    Date Dr. Cr. Balance
    2 #$00 #$00
    # $00 #000
    $ 4000 +000
    *0 2000 $000
    *# #000 2000
    1ection 22 3urchae 4ntr)5 &eneral and 1ubidiar) 6edger !or Account Recei'able
    7ear 4ntr) Recording 8r% 9r%
    3age * o! 2
    Financial Accounting Zubaidah Abdul Rehman
    Home Work 4 20042080
    :Omar2
    March *$ Account Recei'able ##00
    1ale ##00
    :Omar2
    March *+ 1ale Return #00
    Account Recei'able #00
    :Omar2
    March 20 9ah 2000
    Account Recei'able 2000
    :,aram2
    March 2# Account Recei'able -000
    1ale -000
    :,aram2
    March 2+ 9ah $000
    Account Recei'able $000
    A;R :Omar2 A;R :,aram2
    ##00 #00 -000 $000
    2000 *000
    *000
    A;R 9ontrol
    Date Dr. Cr. Balance
    *$ ##00 ##00
    *+ #00 #000
    20 2000 *000
    2# -000 +000
    2+ $000 2000
    3age 2 o! 2

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