Pidgeon73
May 2, 2012, 07:44 PM
I am trying to figure the accounts. And what needs to posted to what journals. I got them worked out but not sure why I am not getting the right answers. For instance
June 1 Cash Receipts Journal 20,000
June 1 Purchase 2500
June 2 general journal 520
June 2 Purchase journal 1500
June 3 Purchase Journal 5500
June 4 Cash payment 85
June 4 Sales Journal 625
June 5 Sales Journal 920
June 5 General 230
June 8 Sales Journal 1100
June 8 Cash Payment 580
June 9 Sales Journal 2000
June 9 cash payment 1816
June 10 cash payment 600
June 11 cash receipts 4950
June 12 Sales Journal 3140
JUne 12 Sales Journal 2240
June 15 cash payment 640, cash payment 260
June 16 sales journal 4200
June 17 cash receipts journal 990
June 17 general journal 360
June 18 sales journal 1910
June 19 cash receipts journal 1600
June 19 sales journal 2720
June 22 cash receipts journal 1432
June 22 cash payment 260
June 23 cash payment 95
June 24 sales journal 1720
June 25 purchase journal 8200
June 25 cash receipts journal 3360
June 26 cash receipt journal 2220
June 26 cash receipts journal 1528
June 29 cash payments journal 65
June 30 cash payment 640
June 30 cash receipts 500
June 30 general journal 700
I am not sure if I got the proper journals done can u help?
The total of the purchases journal on June 30 is:
A. 23,50 B. 23,000 C. 22,020 D. 21,500
I picked (B) and is wrong
The total of the sales discount in the cash receipts journal is:
A.92.10 B. 130.30 C. 137.50 D. 195.40
I got this correct (B)
Entries were recorded in the general journal for transactions on:
A. June 1,5,and 17 B. June 2,17, and 30 C. June 1,2,and 30 D. June 2,5, and 17
I chose (B) and it is wrong. But I think it should be (D)
On June 30, the totals of the purchases journal and the accounts payable column of the cash payments journal are posted to the accounts payable general ledger account. Individual postings are made from the general journal. After these entries have been posted to the general ledger from the journals, the balance in the accounts payable is:
A. 21,500 B.8430 C. 8200 D. 7680
I chose A and was wrong
How many entries were made in the other accounts column of the cash payments journal?
A.5 B.6 C.7 D.8
D is wrong
HELP ME :(
June 1 Cash Receipts Journal 20,000
June 1 Purchase 2500
June 2 general journal 520
June 2 Purchase journal 1500
June 3 Purchase Journal 5500
June 4 Cash payment 85
June 4 Sales Journal 625
June 5 Sales Journal 920
June 5 General 230
June 8 Sales Journal 1100
June 8 Cash Payment 580
June 9 Sales Journal 2000
June 9 cash payment 1816
June 10 cash payment 600
June 11 cash receipts 4950
June 12 Sales Journal 3140
JUne 12 Sales Journal 2240
June 15 cash payment 640, cash payment 260
June 16 sales journal 4200
June 17 cash receipts journal 990
June 17 general journal 360
June 18 sales journal 1910
June 19 cash receipts journal 1600
June 19 sales journal 2720
June 22 cash receipts journal 1432
June 22 cash payment 260
June 23 cash payment 95
June 24 sales journal 1720
June 25 purchase journal 8200
June 25 cash receipts journal 3360
June 26 cash receipt journal 2220
June 26 cash receipts journal 1528
June 29 cash payments journal 65
June 30 cash payment 640
June 30 cash receipts 500
June 30 general journal 700
I am not sure if I got the proper journals done can u help?
The total of the purchases journal on June 30 is:
A. 23,50 B. 23,000 C. 22,020 D. 21,500
I picked (B) and is wrong
The total of the sales discount in the cash receipts journal is:
A.92.10 B. 130.30 C. 137.50 D. 195.40
I got this correct (B)
Entries were recorded in the general journal for transactions on:
A. June 1,5,and 17 B. June 2,17, and 30 C. June 1,2,and 30 D. June 2,5, and 17
I chose (B) and it is wrong. But I think it should be (D)
On June 30, the totals of the purchases journal and the accounts payable column of the cash payments journal are posted to the accounts payable general ledger account. Individual postings are made from the general journal. After these entries have been posted to the general ledger from the journals, the balance in the accounts payable is:
A. 21,500 B.8430 C. 8200 D. 7680
I chose A and was wrong
How many entries were made in the other accounts column of the cash payments journal?
A.5 B.6 C.7 D.8
D is wrong
HELP ME :(