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    kaitlin7777's Avatar
    kaitlin7777 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 4, 2009, 01:23 PM
    How would I record this?
    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Jun 4, 2009, 09:06 PM

    Debit Accounts Receivable for the total amount
    Credit Sales Revenues for the total amount
    AN2006's Avatar
    AN2006 Posts: 1, Reputation: 1
    New Member
    		  
    #3

    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.
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