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A Company Uses a Cash Receipts Journal (Periodic System) as Shown

Question 42

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A company uses a cash receipts journal (periodic system) as shown below: A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E) How would the following transactions be recorded in this cash receipts journal?
12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250)
12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30.


A) A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E)
B) A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E)
C) A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E)
D) A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E)
E) A company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? 12/10 Sold merchandise to Cat Company for $7,500 cash (cost is $4,250) 12/11 Sold merchandise on credit to Dog,Inc,Invoice No.852,for $4,000 (cost is $2,200) Terms are 2/10,n/30. A) B) C) D) E)

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