How would I record this?

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kaitlin7777

Jun 4, 2009, 01:23 PM

Shoe sales on credit: W.A. Crow, $47.65; R.G. son, $63.50; W.F. Fuller, $40. Sales Invoices #2, 3, and 4, terms net 15 days. (Record this as a compound entry)

Can somebody show me how to record this in a general journal. I need to know what to write, in order and which side to put the amount on (debit or credit)

Thanks.

pready

Jun 4, 2009, 09:06 PM

Debit Accounts Receivable for the total amount
Credit Sales Revenues for the total amount

AN2006

Jun 5, 2009, 01:36 AM

Hi,

Answer:

Dr Cr

Sales (InvNo. #1) 47.65

Sales (InvNo. #2) 63.50

Sales (InvNo. #3) 40.00

W.A. Crow 47.65

R.G. Son 63.50

F.W. Fuller 40.00

Regards.