cash sales : summary entry

KrystalLea · #1 Nov 20, 2007, 11:56 AM

Can someone please help with summary entrys ? ? ?

Cash sales for the week ( Jan 2-3 ) totaled $7000. The gross profit rate on these
sales averaged 40 %. Make a summary entry .

pkalijkar · Apr 16, 2008, 08:58 PM

Quote:

Originally Posted by KrystalLea

Can someone please help with summary entrys ? ? ?

Cash sales for the week ( Jan 2-3 ) totaled $7000. The gross profit rate on these
sales averaged 40 %. Make a summary entry .

cash a/c debit 575
sales a/cl cr 575

inventry a/c dr 6435
cost of goods sold a/c cr 6435



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