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

Question 101

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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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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 receipt journal?
· 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556)
· 12/09 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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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 receipt journal? · 12/08 Sold merchandise to Sock Company for $9,260 cash (cost is $5,556) · 12/09 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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