STANDARD VIEW PRINTER VERSION BACK NEXT URCES rk Exercise 7-6 (Part Level Submis

Question

STANDARD VIEW PRINTER VERSION BACK NEXT URCES rk Exercise 7-6 (Part Level Submission) Gomes Company uses special journals and a general journal. The following transactions occurred during September 2017. Sept. Sold merchandise on account to H. Drew, invoice no. 101, $695, terms n/30. The cost of the 2 merchandise sold was $470. 10 Purchased merchandise on account from A. Pagan $600, terms 2/10, n/30 12 Purchased office equipment on account from R. Cairo $6,600. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $845, terms 2/10, n/30. The cost of the merchandise sold was $490. 25 Purchased merchandise on account from D. Downs $910, terms n/30. 27 Sold merchandise to S. Miller for $720 cash. The cost of the merchandise sold was $410. Study Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) GOMES COMPANY Sales Journal S1 Account Invoice Debited No. Accounts Receivable Dr. Cost of Goods Sold Dr. Ref. Sales Revenue Cr. Inventory Cr. Date 2017 VIDEO: SIMILAR EXERCISE LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SURMIL ANSWER

Explanation / Answer

Account invoice Accounts cost of Date Debited No. receivable goods sold DR DR Sales inventory revenue CR CR 2-Sep H.Drew 101 620 470 21-Sep G.Holliday 102 845 490 1465 960

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