Sold merchandise to members $1,150, terms n/30. The merchandise sold had a cost of $790.

On January 1,2004,Mr Eugenio D. Matalino, a graduate of information establish a company under the trade name of "sky lab Internet Cafe" with initial investment of 300,000. The following are the transactions of Mr. Matalino: 2. paid three months rental deposit and advance of store space at...

Any help on journalizing the following entries would be very much appreciated!! More than anything, I need to know how to arrive at the correct answers. Even a little assistance would be extremely helpful. October 1: Retirement of bonds The company issued check 10500 and retired 􀀁 of its...

How do I journalize the following transactions? Sales on account. $1,950,000 Sales Returns and Allowances, $150,000 Collections from customers, $1,800,000 Accounts written off, $35,000 Previously written off accounts of $7,000 were collected

Issued a 9000 note to purchase inventory. The 3 month note payable bears interest of 8% and is due 12/1 Record accrued interest for the note Issued a 18000, 9%, 4 month note to finance the purchase of a new clibing wall for advanced climbers. The note is due 2/1 Recorded accrued interest...