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The Following Are Transactions for Brian for the Month of October.Indicate

Question 122

Essay

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\$ 15,000 in his business.
Oct. 3 Sold $2,500\$ 2,500 of merchandise on account to H\mathrm { H } . Holand, sales invoice No. 1, terms 1/10,n/301 / 10 , \mathrm { n } / 30 .
Oct. 5 Sold $1,200\$ 1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1/10,n/301 / 10 , \mathrm { n } / 30 .
Oct. 13 Received cash from H\mathrm { H } . Holand in payment for October 3 transaction, less the discount.
Oct. 14 Issued credit memorandum No. 1 to TT . Traer for $100\$ 100 for merchandise returned from October 5 sale on account.
Oct. 15 Received cash from T\mathrm { T } . Traer for the amount due, less the discount.
 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  \mathrm { H } . Holand, sales invoice No. 1, terms  1 / 10 , \mathrm { n } / 30 . Oct. 5 Sold  \$ 1,200  of merchandise on account to T. Traer, sales invoice No. 2, terms  1 / 10 , \mathrm { n } / 30 . Oct. 13 Received cash from  \mathrm { 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  \mathrm { T } . Traer for the amount due, less the discount.
 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  \mathrm { H } . Holand, sales invoice No. 1, terms  1 / 10 , \mathrm { n } / 30 . Oct. 5 Sold  \$ 1,200  of merchandise on account to T. Traer, sales invoice No. 2, terms  1 / 10 , \mathrm { n } / 30 . Oct. 13 Received cash from  \mathrm { 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  \mathrm { T } . Traer for the amount due, less the discount.

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