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Argyle Company Uses a Cash Receipts Journal (Periodic System) as Shown

Question 106

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Argyle Company uses a cash receipts journal (periodic system) as shown below: Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)
How would the following transactions be recorded in this cash receipts journal?
∙\bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556)
∙\bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30.


A) Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)
B) Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)
C) Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)
D) Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)
E) Argyle Company uses a cash receipts journal (periodic system) as shown below: How would the following transactions be recorded in this cash receipts journal? \bullet 12/10 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) \bullet 12/11 Sold merchandise on credit to Gardner,Inc,invoice no.873,for $7,000 (cost is $4,200) .Terms are 2/10,n/30. A) B) C) D) E)

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