Question:

Help to prepare Bishop Company entries?

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BISHOP COMPANY

Inv. No. Check

Date Description Name or Date No. Terms Amount

Mar. 1 Received merchandise and invoice Soy Industries Mar. 1 2/15, n/30 42,600

2 Merchandise sold (cost $7,900) Min Cho 854 2/10, n/30 15,800

3 Purchased office supplies Stacy Company Mar. 3 n/10 EOM 1,120

3 Merchandise sold (cost $4,600) Lance Snow 855 2/10, n/30 9,200

6 Borrowed on long-term note payable Federal Bank 72,000

9 Purchased office equipment Tells Supply Mar. 9 n/10 EOM 20,850

10 Sold merchandise (cost $2,300) Taylor Few 856 2/10, n/30 4,600

12 Received payment less discount Min Cho 854 2/10, n/30

13 Paid invoice less discount Soy Industries Mar. 3 416 2/10, n/30

13 Received payment less discount Lance Snow 855 2/10, n/30

14 Purchase merchandise JW Company Mar. 13 2/10, n/30 31,625

15 Check issued for sales salaries 417 15,900

15 Cash sales for first half of month (cost $138,000) 164,680

16 Purchased store

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1 ANSWERS


  1. I've sent the Excel file to the email address you gave me.

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