Term
| Betty's Boutique purchased merchandise for cash from Jackson Supply for $700. What is the journal entry for Betty's Boutique to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Purchases, $700; credit Cash, $700. |
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Term
| Icy Treats purchased merchandise for cash from Flavor Supply for $100. What is the journal entry for Icy Treats to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Purchases, $100; credit Cash, $100. |
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Term
| Belinda's Rare Books purchased merchandise for cash from Book Distributors for $900. What is the journal entry for Belinda's Rare Books to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Purchases, $900; credit Cash, $900. |
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Term
| Sluggers Sports Shop purchased merchandise for cash from Better Bats Warehouse for $850. What is the journal entry for Sluggers Sports Shop to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Purchases, $850; credit Cash, $850. |
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Term
| Lonneisha's Quilt Shop purchased merchandise for cash from Patch Quilt Distributors for $550. What is the journal entry for Lonneisha's Quilt Shop to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Purchases, $550; credit Cash, $550. |
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Term
| 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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Definition
| Debit Accounts Payable/ Carolina Distributors, $900; credit Purchases Discount $18 and credit Cash $882. |
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Term
| 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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Definition
| Debit Accounts Payable/ Paper Supply, $700; credit Purchases Discount $14 and credit Cash $686. |
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Term
| 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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Definition
| Debit Accounts Payable/Cotton Gin Warehouse, $400; credit Purchases Discount $8 and credit Cash $392. |
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Term
| 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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Definition
| Debit Accounts Payable/ Sheet Music Supply, $300; credit Purchases Discount $6 and credit Cash $294. |
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Term
| 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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Definition
| Debit Accounts Payable/ C-V Chemical Distributors, $820; credit Purchases Discount $41 and credit Cash $779. |
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Term
| 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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Definition
| Debit Accounts Payable/ Wig Warehouse, $340; credit Purchases Discount $17 and credit Cash $323. |
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Term
| 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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Definition
| Debit Accounts Payable/ Peoria Paints, $540; credit Purchases Discount $27 and credit Cash $513. |
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Term
| 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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Definition
| Debit Accounts Payable/ Masters Jacket Supply, $950; credit Purchases Discount $19 and credit Cash $931. |
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Term
| 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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Definition
| Debit Accounts Payable/ Sam's Sharpening Service, $750; credit Purchases Discount $15 and credit Cash $735. |
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Term
| Dollar Arcade paid cash to Cola Distributors, $245; covering Purchase Invoice No. 4131 for $250, less a 2% discount, $5.00. What is the journal entry for Dollar Arcade to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Cola Distributors, $250; credit Purchases Discount $5 and credit Cash $245. |
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Term
| Curt's Cabinets paid cash to Phil's Fasteners, $441; covering Purchase Invoice No. 54 for $450, less a 2% discount, $9.00. What is the journal entry for Curt's Cabinets to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Phil's Fasteners, $450; credit Purchases Discount $9 and credit Cash $441. |
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Term
| Computer Phones, Inc. paid cash to Software Supply, $817; covering Purchase Invoice No.2254 for $860, less a 5% discount, $43.00. What is the journal entry for Computer Phones, Inc. to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Software Supply, $860; credit Purchases Discount $43 and credit Cash $817. |
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Term
| High Roads Mini Golf paid cash to Golf Equipment Distributors, $646; covering Purchase Invoice No.1746 for $680, less a 5% discount, $34.00. What is the journal entry for High Roads Mini Golf to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Golf Equipment Distributors, $680; credit Purchases Discount $34 and credit Cash $646. |
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Term
| Wally's Wallets paid cash to Leather Products Supply, $437; covering Purchase Invoice No.1284 for $460, less a 5% discount, $23.00. What is the journal entry for Wally's Wallets to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Leather Products Supply, $460; credit Purchases Discount $23 and credit Cash $437. |
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Term
| Billy Bob's B-B-Q paid cash to Pork Distributors, $418; covering Purchase Invoice No. 1921 for $440, less a 5% discount, $22.00. What is the journal entry for Billy Bob's B-B-Q to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Pork Distributors, $440; credit Purchases Discount $22 and credit Cash $418. |
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Term
| Cara's CDs paid cash on account to Willie's Wholesale, $595, covering Purchase Invoice No. 60. What is the journal entry for Cara's CDs to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/Willie's Wholesale $595; credit Cash, $595. |
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Term
| Frazier's Car Stereo paid cash on account to Sound Wire Supply, $395, covering Purchase Invoice No. 3279. What is the journal entry for Frazier's Car Stereo to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
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Debit Accounts Payable/ Sound Wire Supply $395; credit Cash, $395.
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Term
| Sonny's Skateboard Shop paid cash on account to Boards Unlimited, $795, covering Purchase Invoice No. 290. What is the journal entry for Sonny's Skateboard Shop to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Boards Unlimited $795; credit Cash, $795. |
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Term
| Seahawk Fastpitch Softball paid cash on account to Community Field, $295, covering Purchase Invoice No. 14. What is the journal entry for Seahawk Fastpitch Softball to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Community Field $295; credit Cash, $295. |
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Term
| Starz Transport paid cash on account to Avery Aircraft, $995, covering Purchase Invoice No. 1691. What is the journal entry for Starz Transport to record this transaction? (NCCTE.9_12.BE.6311.CA03.01) |
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Definition
| Debit Accounts Payable/ Avery Aircraft $995; credit Cash, $995. |
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Term
| Juan's Hardware sold merchandise to Raul on account for $670, plus sales tax of $35. What is the journal entry for Juan's Hardware to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Definition
| Debit Accounts Payable/Raul, $705; Credit Sales, $670, Sales Tax Payable, $35. |
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Term
| Tricky Ricky's Appliances sold merchandise on account to Smith Builders for $880, plus sales tax of $40. What is the journal entry for Tricky Ricky's Appliances to record this transaction? (NCCTE.9_12.BE.6311.CA03.02) |
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Definition
| Debit Accounts Receivable/Smith Builders, $920; Credit Sales $880, Sales Tax Payable, $40. |
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Term
| 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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Definition
| Debit Accounts Receivable/Select Perfumes, $460; Credit Sales, $437, Sales Tax Payable, $23. |
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Term
| 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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Definition
| Debit Accounts Receivable/Old Treasures, $145; Credit Sales $137, Sales Tax Payable, $8. |
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Term
| 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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Definition
| Debit Accounts Receivable/Quiet Pets, $155; Credit Sales, $145, Sales Tax Payable, $10. |
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Term
| 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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Definition
| Debit Accounts Receivable/ The CornerChurch, $50; Credit Sales $50. |
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Term
| 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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Definition
| Debit Accounts Receivable/ Just Sweets, $266; Credit Sales $250, Sales Tax Payable, $16. |
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Term
| 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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Definition
| Debit Accounts Receivable Nites Inn, $582; Credit Sales, $551, Sales Tax Payable, $31. |
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Term
| 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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Definition
| Debit Accounts Receivable/Lucky Mines, $438; Credit Sales, $414, Sales Tax Payable, $24. |
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Term
| 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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Definition
| Debit Cash, $352; Credit Sales, $325, Sales Tax Payable, $27. |
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