Journalize Politte Supply Transactions
Not what you're looking for?
Politte Supply uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of April.
Apr. 3 Purchased merchandise for $2,750 on credit from Scott, Inc., terms 2_10, n_30.
9 Issued check no. 210 to Kidman Corp. to buy store supplies for $450.
12 Sold merchandise costing $400 on credit to C. Myers for $670, terms n_30.
17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank.
20 Purchased merchandise for $3,500 on credit from LeBron, terms 2_10, n_30.
29 Issued check no. 212 to LeBron to pay the amount due for the purchase of April 20, less
the discount.
30 Paid salary of $1,700 to B. Decker by issuing check no. 213.
31 Issued check no. 214 to Scott, Inc., to pay the amount due for the purchase of April 3.
Prepare headings for a cash disbursements journal. Journalize the April transactions that should be recorded in the cash disbursements journal.
Purchase this Solution
Solution Summary
The solution explains how to journalize transactions in a cash disbursements journal.
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Motivation
This tests some key elements of major motivation theories.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Learning Lean
This quiz will help you understand the basic concepts of Lean.