4.Please match the following transactions for CMC (Calrissian Mining Company) wi

Question

4.Please match the following transactions for CMC (Calrissian Mining Company) with the appropriate special journal.

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30

Calrissian paid salaries $87,425 in cash.

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company

Purchases Journal

Cash Disbursements Journal

Sales Journal

Cash Receipts Journal

      -       A.       B.       C.       D.   

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30

      -       A.       B.       C.       D.   

Calrissian paid salaries $87,425 in cash.

      -       A.       B.       C.       D.   

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.

      -       A.       B.       C.       D.   

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company

A.

Purchases Journal

B.

Cash Disbursements Journal

C.

Sales Journal

D.

Cash Receipts Journal

Explanation / Answer

Options

Transactions

Journal Type

A

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30

Purchases Journal

B

Calrissian paid salaries $87,425 in cash.

Cash Disbursements Journal

C

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.

Sales Journal

D

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company

Cash Receipts Journal

Options

Transactions

Journal Type

A

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30

Purchases Journal

B

Calrissian paid salaries $87,425 in cash.

Cash Disbursements Journal

C

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.

Sales Journal

D

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company

Cash Receipts Journal

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