The following are transactions for Brian for the month of ...

[joe]

The following are transactions for Brian for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate (omit explanations).

Oct. 1 Brian invested $15,000 in his business.
Oct. 3 Sold $2,500 of merchandise on account to H. Holand, sales invoice No. 1, terms 1/10, n/30.
Oct. 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1/10, n/30.
Oct. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount.
Oct. 14 Issued credit memorandum No. 1 to T. Traer for $100 for merchandise returned from October 5 sale on account.
Oct. 15 Received cash from T. Traer for the amount due, less the discount.

GENERAL JOURNAL

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GENERAL LEDGER

   

   

SUBSIDIARY LEDGER

 

[mathjasmine]

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Only 29% of students answer this correctly

[joe]

YES! Correct, THANKS for helping me on my review

[ebonylittles]

Excellent