Chapter 9 journalizing purchases and cash payments answers

urnalize and post sales returns in the Create Credit Memos/Refunds window. urnalize and post purchase returns in the 3. Go to the online 1. Journalize and post sales returns in the and post purchase returms in the Enter Bills window. 3. From the Accountant & Taxes, Journal. 4. Make the selections to 1-31, 2011 journal. 3. Print the sales journal cash receipts journal and purchase journal. menu bar, select Reports; 4. Print the vendor ledgers and the customer Journalizing and posting transactio Mastery Problem (Review of Chapters 9, 10, and 11):J 1 1-M.2 ted accounts payable accounts receivable, and general ledger accounts for Innovative Solutions are given in the Working Papers. Instructions: 1. Journalize the following transactions during December page 12 of a sales journal, page 12 of a purchases journal, page 12 of a cash receipts journal, and page 15 ofa cash payments journal. The company offers sales terms of 2/10 n/30. The following transactions when journalized: (a) transactions impacting the accounts receivable or accounts payable subsidiary ledgers, (b) transactions recorded in the general journal, and (c) cash payments entered in a general amount column of the cash payments journal. Source documents are abbreviated as follows: check, C: memorandum, M; purchase invoice, P:receipt, R; sales invoice, S;terminal summary, TS; debit memorandum, DM; credit memorandum, CM. of the current year. Use page 12 of a general journal, sales tax rate is 6%. Post the Transactions: Dec 1./Sold merchandise on account to Larry Simpson, $4,780.00, plus sales tax. $395. Paid cash to Perkins Properties for rent, $800.00. C518. The board of directors declared a dividend of $0.20per share; capital stock issued is 20,000 shares, M68 4. Received cash on account from Coastal County Schools, $814.80, less 2% sales discount. R289. 5, Paid cash to Ulman Paper for office supplies, $169.00.C519 6/ Paid cash on account to Jing Corporation for $2,618.00, less 2% discount. C520. 7, Purchased merchandise on account from Wilson Metals, S9,000 .00, less a 60% trade discount. P315. 8. Bought office supplies on account from Barger Office Supply, $148.00. M69. 340 Chanter 11 Accounting for Transactions Using a General Journal