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Category > Business & Finance Posted 06 May 2017 My Price 7.00

Record the following sales transactions in general journal

 

Record the following sales transactions in general journal form on the books of Fry Company (the seller). a. Sold merchandise on account to Lee Company, invoice no. 8765, $1,500; terms 2/10, n/30.

 

b. Issued credit memo no. 967 to Lee Company for damaged merchandise, $100.

c. Lee Company paid the account in full within the discount period.

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 06 May 2017 09:05 AM My Price 7.00

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file 1494064410-Answer.docx preview (104 words )
R-----------eco-----------rd -----------the----------- fo-----------llo-----------win-----------g s-----------ale-----------s t-----------ran-----------sac-----------tio-----------ns -----------in -----------gen-----------era-----------l j-----------our-----------nal----------- fo-----------rm -----------on -----------the----------- bo-----------oks----------- of----------- Fr-----------y C-----------omp-----------any----------- (t-----------he -----------sel-----------ler-----------). -----------a. -----------Sol-----------d m-----------erc-----------han-----------dis-----------e o-----------n a-----------cco-----------unt----------- to----------- Le-----------e C-----------omp-----------any-----------, i-----------nvo-----------ice----------- no-----------. 8-----------765-----------, $-----------1,5-----------00;----------- te-----------rms----------- 2/-----------10,----------- n/-----------30.----------- b-----------. I-----------ssu-----------ed -----------cre-----------dit----------- me-----------mo -----------no.----------- 96-----------7 t-----------o L-----------ee -----------Com-----------pan-----------y f-----------or -----------dam-----------age-----------d m-----------erc-----------han-----------dis-----------e, -----------$10-----------0. ----------- c.----------- Le-----------e C-----------omp-----------any----------- pa-----------id -----------the----------- ac-----------cou-----------nt -----------in -----------ful-----------l w-----------ith-----------in -----------the----------- di-----------sco-----------unt----------- pe-----------rio-----------d. ----------- Ma-----------y 0-----------5 2-----------017----------- 05-----------:39----------- PM----------- A-----------nsw-----------er ----------- Th-----------ank----------- yo-----------u f-----------or -----------you-----------r i-----------nte-----------res-----------t a-----------nd -----------buy-----------ing----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.
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