Record them to the corresponded journals and ledgers. (please makes charts for e

Question

Record them to the corresponded journals and ledgers. (please makes charts for each one if applicable)

1. Sales Journal
2. Cash receipts journal
3. Prchase hournal
4. Cash disbursements journal
5. General journal


(cash discount term of 2/10, net 30 to all their customers)

Dec. 3 Car's Pet Store orders 14 cases of dog food. The Company orders and receives the 144 cases of dog food Iams on account. The purchase amount was 2800. (record to merchandise Inventory). ament term with Iams are net 30.

Dec. 5 The Company pays Iams for the 144 cases of dog food ordered on Dec. 3 (check 121)

Dec.6 Delivered the 144 cases of dog food to Carl

Explanation / Answer

Purchases journal DR Merchandise inventory 2,800 CR Accounts Payable 2,800 Cash Disbursements journal DR Accounts Payable 2,800 CR Cash 2,800 Sales journal DR Accounts receivable 4,500 CR Sales revenue 4,500 DR Cost of Goods Sold 2,800 CR Merchandise Inventory 2,800

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