Medco Company uses special journals to record transactions. Medco uses the perpetual inventory system. Journalize the following transactions in the appropriate special journal. All credit sales have 2/10, n/30 terms.
If you click on the journals twice, you will be able to type in them if you have Excel
Medco Company uses special journals to record transactions. Medco uses the perpetual inventory system. Journalize the following transactions in the appropriate special journal. All credit sales have 2/10, n/30 terms.
If you click on the journals twice, you will be able to type in them if you have Excel
General Journal
Cash Receipts Journal
AccountSalesAccountsOther COGS Dr
DateCreditedExplanationPRCash CRDiscount DRReceivable CrAccountsCrInventory Cr
Sheet1
Cash Receipts Journal
Account Sales Accounts Other COGS Dr
Date Credited Explanation PR Cash CR Discount DR Receivable Cr AccountsCr Inventory Cr
Sheet2
Sheet3
Cash Disbursements Journal
CheckAccountOther Accounts
DateNumberPayeeDebitedPRCash CRInventory CrAccounts DrPayable Dr
Sheet1
Cash Disbursements Journal
Check Account Other Accounts
Date Number Payee Debited PR Cash CR Inventory Cr Accounts Dr Payable Dr
Sheet2
Sheet3
DateAccount Titles & ExplanationsDebitCredit
Sheet1
GENERAL JOURNAL
Page ____________
Date Account Titles & Explanations Debit Credit
Sheet2
Sheet3
Sales Journal
Accounts
AccountInvoicePRReceivable DrCOGS Dr
DateDebitedNumberSales CrInventory CR
Sheet1
Sales Journal
Accounts
Account Invoice PR Receivable Dr COGS Dr
Date Debited Number Sales Cr Inventory CR
Sheet2
Sheet3
Purchases Journal
Date ofAccountsOfficeOther
DateAccountInvoiceTermsPRPayable CRInventory DRSupplies DrAccounts Dr
Sheet1
Purchases Journal
Date of Accounts Office Other
Date Account Invoice Terms PR Payable CR Inventory DR Supplies Dr Accounts Dr
Sheet2
Sheet3