Transactions must be entered correctly into the organisational journal system, following organisational policies and procedures and accounting requirements. Which journal should you use for the following transactions for a confectionery store: a customer pays for $130 worth of lollies by cheque the tenant who uses the storage shed pays $300 in rent a customer buys $1,000 worth of lollies, telling the sales clerk to put it on their account the customer realises they only needed $600 worth of lollies. The owner agrees to returning the surplus for a refund the organisation purchases nougat from the confectionery supplier
Transactions must be entered correctly into the organisational journal system, following organisational policies and procedures and accounting requirements. Which journal should you use for the following transactions for a confectionery store: a customer pays for $130 worth of lollies by cheque the tenant who uses the storage shed pays $300 in rent a customer buys $1,000 worth of lollies, telling the sales clerk to put it on their account the customer realises they only needed $600 worth of lollies. The owner agrees to returning the surplus for a refund the organisation purchases nougat from the confectionery supplier
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 7SEA
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Transactions must be entered correctly into the organisational journal system, following organisational policies and procedures and accounting requirements. Which journal should you use for the following transactions for a confectionery store:
- a customer pays for $130 worth of lollies by cheque
- the tenant who uses the storage shed pays $300 in rent
- a customer buys $1,000 worth of lollies, telling the sales clerk to put it on their account
- the customer realises they only needed $600 worth of lollies. The owner agrees to returning the surplus for a refund
- the organisation purchases nougat from the confectionery supplier
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