Home / Questions / Chapter 7 p. 514 Problem Set A PA3 The following transactions occurred for Donaldson Inc....
Chapter 7 p. 514 Problem Set A PA3
The following transactions occurred for Donaldson Inc. during the month of July.
Jul. 1 Sold 50 items to Palm Springs Inc. and offered terms of 2/10, n/30, $4,000 on July 1, and issued invoice #12 on account number #312
Jul. 5 Sold 20 thing-a-jigs to Miami Inc. for $2,150 cash on July 5, and issued invoice #13
Jul. 8 Sold 30 what-is to Smith Mfg. for $5,000 and offered terms of 2/10, n/30; issued invoice #14 on account number #178
Jul. 9 Received payment from Palm Springs Inc.
Jul. 22 Received payment from Smith Mfg. after expiration of the discount period
|
SALES JOURNAL |
Page 22 |
||||
|
Date |
Account |
Invoice No. |
Ref. |
DR Accts. Receivable CR Sales |
DR COGS CR Merchandise Inventory |
|
2019 |
|
|
|
|
|
|
Jul. 1 |
Palm Springs Inc. (312) |
12 |
|
???? |
2,000.00 |
|
Jul. 8 |
Smith Mfg (178) |
14 |
|
???? |
2,500.00 |
|
Date |
Account |
Invoice No. |
Ref. |
Cash DR |
Sales Discounts DR |
Accounts Receivable, Sales, or other accounts CR |
|
2018 |
|
|
|
|
|
|
|
Jul. 5 |
Miami Inc. |
13 |
|
??? |
|
???? |
|
Jul. 9 |
Palm Springs (312) |
|
|
??? | ??? | ???? |
|
Jul. 22 |
Smith Mfg (178) |
|
|
??? |
|
???? |
|
NAME |
Palm Spring Inc. |
312 |
|
|||||
|
|
DATE |
DESCRIPTION |
POST |
DEBIT |
CREDIT |
BALANCE |
||
|
|
2019 |
|
|
|
|
|
|
|
|
|
July |
1 SJ22 |
Sale |
??? |
|
??? |
|
|
|
|
|
9 CR24 |
Payment |
|
???? |
???? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
NAME |
Smith Mfg. |
178 |
|
|||||
|
|
DATE |
DESCRIPTION |
POST |
DEBIT |
CREDIT |
BALANCE |
||
|
|
2019 |
|
|
|
|
|
|
|
|
|
July |
8 SJ22 |
Sale |
??? |
|
??? |
|
|
|
|
|
9 CR24 |
Payment |
|
??? |
???? |
|
|
|
|
|
|
|
|
|
|
|
|
Aug 23 2020 View more View Less
An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost of each unit...
Dec 05 2019Heavy metals such as Pb+2 or Hg+2 denature proteins by reacting with:A) the proline residuesB) the OH group of tyrosine residuesC) the SH group of cysteine residuesD) the...
Jan 24 2020Explain the iterative procedure of handling geometric, non-linearity problems in structural analysis.
Aug 20 2020Co Q is considering replacing an old machine that was purchased five years ago at a cost of $400,000. It is being depreciated on a straight line basis to a zero salvage v...
Jun 18 2021MKM International is seeking to purchase a new CNC machine in order to reduce costs. Two alternative machines are in consideration. Machine 1 costs $500,000, but yields a...
May 01 2020Analyzing the Graph of a FunctionIn Exercises 9-36, analyze and sketch a graph of the function. Label any intercepts, relative extrema, points of inflection, and asymptot...
Jul 27 2021Suppose you were asked to comment on a proposed policy to control oil spills. Since the average cost of an oil spill has been computed as SX, the proposed policy would r...
Feb 01 2020As mentioned in the chapter, the Committee of Sponsoring Organizations produced several reports on internal control. One of these relates to internal controls over financ...
Aug 13 2021Casper’s utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese. If the total cost of x units of cocoa is x squared (x^2), t...
May 04 2020Suppose that you have to introduce a flexible work schedule to facilitate your employees while they all are managing their work from home. Compose an Information Memo sta...
May 04 2021