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-   -   Journalize transactions (https://www.askmehelpdesk.com/showthread.php?t=791978)

  • May 13, 2014, 11:57 AM
    spankbyron
    Journalize transactions
    The following transactions occurred for Melissa' s fine jewelry

    1) purchased 10 necklaces on account for 5000 each
    2 sold three on account for 8000 each
    3) paid off account payable
    4) collected all of the account receivable

    1) journalize these transactions
    2) what will Melissa's fine jewelry report on the balance sheet
    3) compute the gross profit
  • May 13, 2014, 12:02 PM
    smoothy
    We don't do your homework... We will correct it AFTER you've done it. Show your work and your answers.
  • May 13, 2014, 01:49 PM
    pready
    These are simple transactions and simple calculations.

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