Journalize the Following:
2. Monthly credit sales were $ 35,000
3. Received Cash receipt payments on Receivables in the
amount of $ 10,000.
4. Customers’ cheque in the amount of $ 100 bounces and
was re-deposited. Book both entries.
5. Material is bought on account for £ 100,000. The
exchange rate is Four pounds to One Dollar.
Then, later, merchandize is paid for. The exchange
rate is Five pounds to One Dollar.
Book both entries in Dollar when merchandize is
bought and when it was paid.
6. Materials worth $ 20,000 was purchased on account
and paid for with 1% discount. Book both entries.
7. Record the purchase of Direct Material on Account in
the amount of $ 20,000. Half of it was for stock and the
other half for a specific job order.
8. Record the disbursement of $ 1,000 raw material to
shop floor for use on specific job
- 0 Answers
- 1717 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
What is vat adjustment?
What is diffrence Between GPF and EPF?.. can anybody explain..?
What are the columns of a journal?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
what is runing finance?
What is the difference between General Ledger and Trial Balance?
Among financial and cost accounting,which is more important? why?
what is the difference between journal entry and journal voucher
wt is Bank Guarantee?wt the pr0 cedure of BG
how to get a job in stock markets for MBA-FINANCE?
How Can We Justify the,Real A/C & Nominal A/C?
What is the purpose of preparing a bank reconciliation and why is it necessary?
Audit 
