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Xion Supply uses a Sales Journal a Purchases Journal a Cash Receipts Journal a Cash Disbursements Journal and a General Journal The following transactions occurred

Xion Supply uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of March 2014: Mar. 3 Purchased merchandise for $5,500 on credit from Pace, Inc., terms 2/10, n/30. 9 Issued cheque # 210 to Narlin Corp. to buy store supplies for $900. 12 Sold merchandise on credit to K. Camp for $1,340, terms n/30, Cost, $800 17 Issued cheque # 211 for $3,000 to repay a note payable to City Bank. 20 Purchased merchandise for $7,000 on credit from LeBaron, terms 2/10, n/30. 29 Issued cheque # 212 to LeBaron to pay the amount due for the purchase of March 20, less the discount. 31 Paid salary of $3,400 to E. Brandon by issuing cheque # 213 31 Issued cheque # 214 to Pace, Inc., to pay the amount due for the purchase of March 3. Required On a sheet of notebook paper, draw a multicolumn Cash Disbursements Journal like the one that appears in Exhibit 7.13. Journalize the March transactions that should be recorded in the Cash Disbursements Journal.

Apr 06 2020 View more View Less

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