Question:

Accounting help for business?

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Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement

journal, and a general journal. The following transactions occur in the month of March:

Mar. 2 Sold merchandise costing $300 to B. Fager for $450 cash, invoice no. 5703.

5 Purchased $2,300 of merchandise on credit from Marsh Corp.

7 Sold merchandise costing $800 to J. Dryer for $1,150, terms 2_10, n_30, invoice no. 5704.

8 Borrowed $8,000 cash by signing a note payable to the bank.

12 Sold merchandise costing $200 to R. Land for $320, terms n_30, invoice no. 5705.

16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7.

19 Sold used store equipment for $900 cash to Malone, Inc.

25 Sold merchandise costing $350 to T. Burton for $550, terms n_30, invoice no. 5706.

Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions that

should be recorded in this sales journal

 Tags:

   Report

3 ANSWERS


  1. Do your own homework, or at least read the question so that you would see that it refers to an exhibit that we obviously don't have.

    Here's a tip...open your textbook and read how to record entries.  It is incredibly easy if you would just try.


  2. This is very easy but it's too long.  You did not print Exhibit 7.5?

  3. I've sent the Excel file to you.

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