The following transactions were completed by Fox and Company during the second half of December for the current year. Terms of sale are 2/10, n/30 using a periodic inventory system.
Instructions:

1.Journalize the transactions for December in the appropriate journals.
2.Total and rule the journals.
3.Prove the equality of the debit and credit totals.

Question

The following transactions were completed by Fox and Company during the second half of December for the current year. Terms of sale are 2/10, n/30 using a periodic inventory system.
Instructions:
  
1.Journalize the transactions for December in the appropriate journals.
2.Total and rule the journals.
3.Prove the equality of the debit and credit totals.

Quizplus · Accepted Answer

The Answer of The following transactions were completed by Fox and Company during the second half of December for the current year. Terms of sale are 2/10, n/30 using a periodic inventory system.
Instructions:
  
1.Journalize the transactions for December in the appropriate journals.
2.Total and rule the journals.
3.Prove the equality of the debit and credit totals.

The Following Transactions Were Completed by Fox and Company During