Term
| Debit Office Supplies, $50; Credit Accounts Payable/Quick's Supply, $50. |
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Definition
| Loopers & Cybrand Accountants purchase office supplies on account from Quick's Supply for $50. What is the journal entry for Loopers & Cybrand Accountants to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Supplies, $829; Credit Accounts Payable/Sellers Warehouse, $829. |
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Definition
| Gill's Grills purchased store supplies on account from Sellers Warehouse for $829. What is the journal entry for Gill's Grills to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/Timer's Distributing, $400; Credit Purchases Returns and Allowances, $400. |
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Definition
| Wally's Watches returned merchandise that was purchased on account to Timer's Distributing, $400. What is the journal entry for Wally's Watches to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/Footware Wholesale, $600; Credit Purchases Returns and Allowances, $600. |
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Definition
| The Jungle Gym returned merchandise that was purchased on account to Footware Wholesale, $600. What is the journal entry for The Jungle Gym to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/Jonah's Distributing, $150; Credit Purchases Returns and Allowances, $150. |
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Definition
| Tiny's Toys returned merchandise that was purchased on account to Jonah's Distributing, $150. What is the journal entry for Tiny's Toys to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Advertising Expense, $375; credit Cash, $375. |
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Definition
| Fred's Furniture Store paid cash for advertising, $375. What is the journal entry to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Telephone Expense, $110; credit Cash, $110. |
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Definition
| Christina's Curtains paid cash for the telephone bill, $110. What is the journal entry to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Supplies, $125; credit Cash, $125. |
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Definition
| Marvin's Motorcycles paid $125 cash for supplies from Stewart's Supplies. What is the journal entry for Marvin's Motorcycles to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Carolina Distributors, $900; credit Purchases Discount $18 and credit Cash $882. |
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Definition
| Valley Products paid cash to Carolina Distributors, $882; covering Purchase Invoice No. 1734 for $900, less a 2% discount, $18.00. What is the journal entry for Valley Products to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Paper Supply, $700; credit Purchases Discount $14 and credit Cash $686. |
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Definition
| Corrugated Box Company paid cash to Paper Supply, $686; covering Purchase Invoice No. 88 for $700, less a 2% discount, $14.00. What is the journal entry for Corrugated Box Company to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/Cotton Gin Warehouse, $400; credit Purchases Discount $8 and credit Cash $392. |
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Definition
| National Looms paid cash to Cotton Gin Warehouse, $392; covering Purchase Invoice No. 314 for $400, less a 2% discount, $8.00. What is the journal entry for National Looms to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Sheet Music Supply, $300; credit Purchases Discount $6 and credit Cash $294. |
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Definition
| Mike's Music paid cash to Sheet Music Supply, $294; covering Purchase Invoice No. 54 for $300, less a 2% discount, $6.00. What is the journal entry for Mike's Music to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ C-V Chemical Distributors, $820; credit Purchases Discount $41 and credit Cash $779 |
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Definition
| River Road Farm Supply paid cash to C-V Chemical Distributors, $779; covering Purchase Invoice No. 623 for $820, less a 5% discount, $41.00. What is the journal entry for River Road Farm Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Wig Warehouse, $340; credit Purchases Discount $17 and credit Cash $323. |
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Definition
| Wanda's Wigs paid cash to Wig Warehouse, $323; covering Purchase Invoice No. 812 for $340, less a 5% discount, $17.00. What is the journal entry for Wanda's Wigs to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Peoria Paints, $540; credit Purchases Discount $27 and credit Cash $513. |
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Definition
| Impressive Signs paid cash to Peoria Paints, $513; covering Purchase Invoice No. 77 for $540, less a 5% discount, $27.00. What is the journal entry for Impressive Signs to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Masters Jacket Supply, $950; credit Purchases Discount $19 and credit Cash $931. |
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Definition
| Champs Country Club paid cash to Masters Jacket Supply, $931; covering Purchase Invoice No. 33 for $950, less a 2% discount, $19.00. What is the journal entry for Champs Country Club to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Accounts Payable/ Sam's Sharpening Service, $750; credit Purchases Discount $15 and credit Cash $735. |
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Definition
| Terry's Tree Removal paid cash to Sam's Sharpening Service, $735; covering Purchase Invoice No. 1415 for $750, less a 2% discount, $15.00. What is the journal entry for Terry's Tree Removal to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Term
| Debit Sales Returns and Allowances, $200, Sales Tax Payable, $15; Credit Cash, $215. |
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Definition
| Sally's Shoes sold merchandise for cash to Happy's Distributing for $200, plus sales tax of $15. Happy's Distributing later returned the merchandise. What is the journal entry for Sally's Shoes to record the returned merchandise? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $27; Credit Sales, $26, Sales Tax Payable, $1. |
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Definition
| Lucy's Famous Mexican Food sold merchandise for $26, plus sales tax of $1, to Craig Morton, who paid for the merchandise with a bank credit card at the time of the sale. What is the journal entry for Lucy's Famous Mexican Food to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $468; Credit Sales, $432, Sales Tax Payable, $36. |
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Definition
| Big Kites Mfg. sold merchandise for $432, plus sales tax of $36, to Mountain Soaring, who paid for the merchandise with a bank credit card at the time of the sale. What is the journal entry for Big Kites Mfg. to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $713; Credit Sales, $665, Sales Tax Payable, $48. |
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Definition
| Overseas Oil Co. sold merchandise for $665, plus sales tax of $48, to Auto Plastics, who paid for the merchandise with a bank credit card at the time of the sale. What is the journal entry for Overseas Oil Co. to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $1,233; Credit Sales, $1,150, Sales Tax Payable, $83. |
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Definition
| Turf Supplies sold merchandise for cash to Circle Golf Club for $1,150, plus sales tax of $83. What is the journal entry for Turf Supplies to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $48; Credit Sales, $45, Sales Tax Payable, $3. |
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Definition
| Quick Supply sold office supplies for cash to Jet Set Travel for $45, plus sales tax of $3. What is the journal entry for Quick Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $829; Credit Sales, $773, Sales Tax Payable, $56. |
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Definition
| Rubber Compounds sold merchandise for cash to The Shoe Maker for $773, plus sales tax of $56. What is the journal entry for Rubber Compounds to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $285; Credit Sales, $265, Sales Tax Payable, $20. |
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Definition
| The Toy Box sold merchandise for cash to Great Gift Boxes for $265, plus sales tax of $20. What is the journal entry for The Toy Box to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $41; Credit Sales, $41. |
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Definition
| The Toy Shop sold merchandise to Spirit Church for $41 cash. What is the journal entry for The Toy Shop to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $823; Credit Sales, $775, Sales Tax Payable, $48. |
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Definition
| Automotive Supply sold merchandise for cash to Billy Bob's Auto Shop for $775, plus sales tax of $48. What is the journal entry for Automotive Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Cash, $352; Credit Sales, $325, Sales Tax Payable, $27. |
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Definition
| Marty's Supply sold merchandise for cash to Karl's CD's for $325, plus sales tax of $27. What is the journal entry for Marty's Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/Lucky Mines, $438; Credit Sales, $414, Sales Tax Payable, $24. |
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Definition
| The Mine Safety Warehouse sold Lucky Mines, merchandise on account for $414, plus sales tax of $24. What is the journal entry for The Mine Safety Warehouse to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable Nites Inn, $582; Credit Sales, $551, Sales Tax Payable, $31 |
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Definition
| Linen Supply sold Nites Inn, merchandise on account for $551, plus sales tax of $31. What is the journal entry for Linen Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/ Just Sweets, $266; Credit Sales $250, Sales Tax Payable, $16. |
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Definition
| The Jelly Belly Supply Store sold jelly beans to Just Sweets, on account for $250, plus sales tax of $16. What is the journal entry for Jelly Belly Supply Store to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/ The CornerChurch, $50; Credit Sales $50. |
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Definition
| The Hot Spot Donut Shop sold donuts on account to The Corner Church for $50. What is the journal entry for Hot Spot Donut Shop to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/Quiet Pets, $155; Credit Sales, $145, Sales Tax Payable, $10. |
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Definition
| The All Wet Pet House sold Quiet Pets, fish on account for $145, plus sales tax of $10. What is the journal entry for The All Wet Pet House to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/Old Treasures, $145; Credit Sales $137, Sales Tax Payable, $8. |
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Definition
| The Wayback Antique Supply sold Old Treasures, merchandise on account for $137, plus sales tax of $8. What is the journal entry for Wayback Antique Supply to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Term
| Debit Accounts Receivable/Select Perfumes, $460; Credit Sales, $437, Sales Tax Payable, $23. |
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Definition
| Diane's Perfume Wholesale sold merchandise on account to Select Perfumes for $437, plus sales tax of $23. What is the journal entry for Diane's Perfume to record this transaction? (NCCTE.9_12.BE.6311.CA03.02 |
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