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    Kensie66's Avatar
    Kensie66 Posts: 3, Reputation: 1
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    #1

    Dec 12, 2012, 03:54 PM
    Where can I go to ask for accounting help for free accounting help
    I need help Recording these in the following transactions in general journal form:

    Jan 3. Purchased supplies on credit for 1420 from Office Max
    Jan 4. paid 2200 cash for one years premium on an insurance plicy
    Jan4. Purchased merchandise on account from Boredom Company for 6840, 2/10, n/30
    Jan 5. Sold merchandise to Alfie company for 8000, COMS 2200, 2/10, n/30
    Jan 6. Sold merchandise for cash for 7500, COMS 1700
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 12, 2012, 05:08 PM
    Your accounts will be:
    Jan 3 Supplies and Accounts Payable
    Jan 4 Prepaid Insuarance and Cash
    Jan 4 Merchandise and Accounts Payable
    Jan 5 Sales Revenue, Accounts Receivable, Cost of Goods Sold, and Merchandise
    Jan 6 Sales Revenue, Cash, Cost of Goods Sold, and Merchandise

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