Record the transactions as per requirements

Assignment Help Accounting Basics

Reference no: EM132086104

Question: Record the transactions. Post to the correct Journals and Ledgers

8 Purchased 11 Zii Game Consoles from Big Telco for $1,192 each, terms net 30.

10 Paid the full amount owing to Moon Megasystems, Check No. 313. Payment fell outside discount period.

11 Sold 18 BG90 Plasma Televisions to Turbo Tech for $2,104 each, Invoice No. 343.

11 Paid sales staff wages of $13,242 for the week up to and including yesterday, Check No. 314.

12 Paid the full amount owing to Mega Tech, Check No. 315.

12 Jerry Technology paid the full amount owing on their account. Since Jerry Technology has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment.

12 Made cash sale of 5 MX620 Notebook Computers for $2,288 each.

14 Paid the full amount owing to JCN Electrical, Check No. 316.

Reference no: EM132086104

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