Question

Question 3 8 points A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. A. Purchased $4,800 of merchandise inventory on credit from Magic Company, terms 3/10, n/60. Invoice No. 7200. D. Paid $50,500 cash for monthly rents for the factory, Check No. 5550. C. Returned defective office supplies with a cost of $700 from the last month purchase. A. Borrowed $45,000 from Bank of Bahrain & Kuwait on a long-term note payable. A. Collected $66,500 from Durrat Corp. for merchandise sold in the last three months. B. Sold merchandise on credit for $3,200 to Manama Corp., Invoice No. 9250. The cost of the good sold is $1,800. D. Purchased office equipment for $2,230 cash from Logistic Co. E. Purchased office supplies on credit from Zallaq Co. for $2,500, terms 3/10, n/90. A. Cash receipts Journal B. Sales Journal C. General journal D. Cash payments Journal E. Purchase Journal

          Question 3
8 points
A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in.
A. Purchased $4,800 of merchandise inventory on credit from Magic Company, terms
3/10, n/60. Invoice No. 7200.
D. Paid $50,500 cash for monthly rents for the factory, Check No. 5550.
C. Returned defective office supplies with a cost of $700 from the last month purchase.
A. Borrowed $45,000 from Bank of Bahrain & Kuwait on a long-term note payable.
A. Collected $66,500 from Durrat Corp. for merchandise sold in the last three months.
B. Sold merchandise on credit for $3,200 to Manama Corp., Invoice No. 9250. The cost
of the good sold is $1,800.
D. Purchased office equipment for $2,230 cash from Logistic Co.
E. Purchased office supplies on credit from Zallaq Co. for $2,500, terms 3/10, n/90.
A. Cash receipts Journal
B. Sales Journal
C. General journal
D. Cash payments Journal
E. Purchase Journal

Question 3
8 points
A company uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in.
A. Purchased 4,800 of merchandise inventory on credit from Magic Company, terms
3/10, n/60. Invoice No. 7200.
D. Paid50,500 cash for monthly rents for the factory, Check No. 5550.
C. Returned defective office supplies with a cost of 700 from the last month purchase.
A. Borrowed45,000 from Bank of Bahrain Kuwait on a long-term note payable.
A. Collected 66,500 from Durrat Corp. for merchandise sold in the last three months.
B. Sold merchandise on credit for3,200 to Manama Corp., Invoice No. 9250. The cost
of the good sold is 1,800.
D. Purchased office equipment for2,230 cash from Logistic Co.
E. Purchased office supplies on credit from Zallaq Co. for 2,500, terms 3/10, n/90.
A. Cash receipts Journal
B. Sales Journal
C. General journal
D. Cash payments Journal
E. Purchase Journal

Added by Pedro H.

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