Solved

Wilchand Unlimited Has the Following Transactions

Question 88

Matching

Wilchand Unlimited has the following transactions. Match each transaction with the appropriate journal.

Premises:
Recorded cash sales of $14,700.
Paid $45,000 in wages and salaries.
Purchased merchandise on account, $2,700.
Paid a utility bill for $3,400.
Accrued wages, $2,900.
Purchased equipment on account for $24,700.
Sold $5,000 worth of inventory on account.
Recorded an adjustment to unearned revenue, $4,000.
A customer returned a $250 item purchased on account.
Purchased $1,590 of supplies on account.
Responses:
General Journal
Cash Disbursements Journal
Sales Journal
Purchases Journeal
Cash Receipts Journal

Correct Answer:

Recorded cash sales of $14,700.
Paid $45,000 in wages and salaries.
Purchased merchandise on account, $2,700.
Paid a utility bill for $3,400.
Accrued wages, $2,900.
Purchased equipment on account for $24,700.
Sold $5,000 worth of inventory on account.
Recorded an adjustment to unearned revenue, $4,000.
A customer returned a $250 item purchased on account.
Purchased $1,590 of supplies on account.
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