Chapter 10 & 11 Test Review For each transaction, record the journal it belongs in, and the Dr./Cr. accounts and amounts.

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Presentation transcript:

Chapter 10 & 11 Test Review For each transaction, record the journal it belongs in, and the Dr./Cr. accounts and amounts

Sep 9. Bought store supplies on account from Creative Store Supplies, $150. M50.

Sep. 2. Received cash on account from Dorothy Reader, $ R88.

Sept. 1 Paid cash for telephone bill, $ C241

Sept. 1. Sold merchandise on account to Frieda Leno, $137.50, plus sales tax. S62.

Sept. 5, Paid cash on account to Gift Supplies, Inc, $ C363

Sept. 6. Purchased merchandise for cash, $ C364

Nov. 2. Jack Armstrong, Partner, withdrew cash for personal use, $ C361

Oct. 30. Paid cash to replenish petty cash fund, $261.00: office supplies, $52.00; store supplies, $40.00; advertising, $77.00; miscellaneous, $ C255

Oct. 20. Susan Shirley, partner, withdrew merchandise for personal use, $ M52.

Aug 5. Recorded cash and credit card sales, $2,596.00, plus sales tax.

Prove Cash  The December 1 cash balance is: $  The balance on the next unused check stub is: $33,360.80