Special journals and a general journal

Reference no: EM13739764

R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2014.

May 1 R. Santiago invested $40,000 cash in the business.
2 Sold merchandise to Lawrie Co. for $6,300 cash. The cost of the merchandise sold was $4,200.
3 Purchased merchandise for $7,700 from J. Moskos using check no. 101.
14 Paid salary to H. Rivera $700 by issuing check no. 102.
16 Sold merchandise on account to K. Stanton for $900, terms n/30. The cost of the merchandise sold was $630.
22 A check of $9,000 is received from M. Mangini in full for invoice 101; no discount given.

Collapse question part
(a) Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.)

Reference no: EM13739764

Questions Cloud

Illustrate instances of customer satisfaction : From the case study and e-Activity, determine the key reasons why Southwest Airlines has such high customer satisfaction ratings in comparison with other airlines. Provide two (2) examples that illustrate instances of customer satisfaction

A paper to be written the topic is the k-mart scandal : A paper to be written. the topic is The K-Mart scandal. The paper should include the below headings. APA foromat. Abstract Introduction

Change or reinforce an audience attitudes : Persuasive speeches attempt to change or reinforce an audience's attitudes, beliefs, or actions. For this assignment, you will use Monroe's Motivated Sequence your topic must address a Chicana/o Latina/o topic. Minimum 5 sources.

Residential memory care facilities : Write a 1,050- to 1,400- word paper discussing care services, and why it is important to have residential memory care facilities?

Special journals and a general journal : (a) Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.)

Difference between systematic and non-systematic risk : Assignment: Financial Management, explain difference between systematic and non-systematic risk

Analyze kodak''s horizontal and vertical integration strategy : Analyze Kodak's horizontal and vertical integration strategy and determine the corporate level strategy that is more appropriate for the company to establish a competitive advantage in the Cloud service industry. Provide a rationale for the determ..

What is a fair plan : What is a FAIR plan? How does it work? If underwriting losses of FAIR plans are passed on to other insureds, is this mandated subsidization? Explain your conclusions.

What is the nature of death in the six nrms : What is the nature of death in the six NRMs? What happens after death to individual personality, personal relationships, and family relationships in the six traditions?

User Account

All Pages