Homework

Homework Questions? Ask a Tutor for Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Homework

Exercise 7-1 Sales journal perpetual P1 Hutton Company uses

Customer Question
Exercise 7-1 Sales journal—perpetual P1...
Exercise 7-1 Sales journal—perpetual P1
Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March:
Mar. 2 Sold merchandise costing $300 to B. Fager for $450 cash, invoice no. 5703.
5 Purchased $2,300 of merchandise on credit from Marsh Corp.
7 Sold merchandise costing $800 to J. Dryer for $1,150, terms 2 10, n 30, invoice no. 5704.
8 Borrowed $8,000 cash by signing a note payable to the bank.
12 Sold merchandise costing $200 to R. Land for $320, terms n 30, invoice no. 5705.
16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7.
19 Sold used store equipment for $900 cash to Malone, Inc.
25 Sold merchandise costing $350 to T. Burton for $550, terms n 30, invoice no. 5706.
Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions that should be recorded in this sales journal.
Exercise 7-4 Cash receipts journal—perpetual
Moeder Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November.
Nov. 3 Purchased $3,100 of merchandise on credit from Hargrave Co., terms n 20.
7 Sold merchandise costing $840 on credit to J. York for $900, subject to a $18 sales discount if paid by the end of the month.
9 Borrowed $2,750 cash by signing a note payable to the bank.
13 J. Emling, the owner, contributed $4,000 cash to the company.
18 Sold merchandise costing $130 to B. Box for $230 cash.
22 Paid Hargrave Co. $3,100 cash for the merchandise purchased on November 3.
Exercise 7-7 Purchases journal—perpetual
Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of June.
June 1 Purchased $8,100 of merchandise on credit from Vick, Inc., terms n 30.
8 Sold merchandise costing $900 on credit to R. Panke for $1,500 subject to a $30 sales discount
if paid by the end of the month.
14 Purchased $240 of store supplies from Poe Company on credit, terms n 30.
17 Purchased $260 of office supplies on credit from Rehmer Company, terms n 30.
24 Sold merchandise costing $400 to L. Barnett for $630 cash.
28 Purchased store supplies from Piburn's for $90 cash.
29 Paid Vick, Inc., $8,100 cash for the merchandise purchased on June 1.
Prepare headings for a purchases journal like the one in Exhibit 7.9. Journalize the June transactions that should be recorded in the purchases journal.
Exercise 7-10 Cash disbursements journal—perpetual
Politte Supply uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of April.
Apr. 3 Purchased merchandise for $2,750 on credit from Scott, Inc., terms 2 10, n 30.
9 Issued check no. 210 to Kidman Corp. to buy store supplies for $450.
12 Sold merchandise costing $400 on credit to C. Myers for $670, terms n 30.
17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank.
20 Purchased merchandise for $3,500 on credit from LeBron, terms 2 10, n 30.
29 Issued check no. 212 to LeBron to pay the amount due for the purchase of April 20, less
the discount.
30 Paid salary of $1,700 to B. Decker by issuing check no. 213.
31 Issued check no. 214 to Scott, Inc., to pay the amount due for the purchase of April 3.
Prepare headings for a cash disbursements journal like the one in Exhibit 7.11. Journalize the April transactions that should be recorded in the cash disbursements journal.



Read more: Exercise 7-1 Sales journal perpetual P1 Hutton Company ... - JustAnswer http://www.justanswer.com/homework/175gk-exercise-7-1-sales-journal-perpetual-p1-hutton-company.html#ixzz1ZZkp2ybV
Submitted: 6 years ago.Category: Homework
Show More
Show Less
Ask Your Own Homework Question
Answered in 1 hour by:
10/2/2011
Tutor: Bizhelp, CPA replied 6 years ago
Bizhelp
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5,884
Experience: Bachelors Degree and CPA with Accounting work experience
Verified
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Bizhelp
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5,884
Experience: Bachelors Degree and CPA with Accounting work experience
Verified
Bizhelp and 87 other Homework Specialists are ready to help you
Ask your own question now
Ask Bizhelp Your Own Question
Bizhelp
Bizhelp
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5,884
5,884 Satisfied Customers
Experience: Bachelors Degree and CPA with Accounting work experience

Bizhelp is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

LogicPro

LogicPro

Engineer

5,723 satisfied customers

Expert in Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

4,550 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Linda_us

Finance, Accounts & Homework Tutor

3,138 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

Chris M.

M.S.W. Social Work

2,635 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

F. Naz

Chartered Accountant

2,159 satisfied customers

Experience with chartered accountancy

Bizhelp

Bizhelp

CPA

5,884 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Seanna

Seanna

Tutor

1,781 satisfied customers

3,000+ satisfied customers, all topics, A+ work

< Previous | Next >

Related Homework Questions
Questions 1–20: Select the one best answer to each question.
Questions 1–20: Select the one best answer to each question. Questions 1–4 are based on the following set of facts. You're a paralegal in the ADR practice at a large law firm. John B, a new client, ha… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
141 satisfied customers
Question 6 of 20: Select the best answer for the question.
Question 6 of 20 : Select the best answer for the question. 6. An attorney receives a discovery request for documents. The requested documents contain some material that's discoverable and some materi… read more
Lucy
Lucy
Juris Doctor
128 satisfied customers
I am having issues with a piece of Java code. I am working
I am having issues with a piece of Java code. I am working with arrays and need to store the arrays location calls to then print out a summary or all the calls made in a session.… read more
LogicPro
LogicPro
Engineer
Bachelor of Technology
5,723 satisfied customers
Write a Java application using NetBeans Integrated
Write a Java application using NetBeans Integrated Development Environment (IDE) that calculates the total annual compensation of a salesperson. Consider the following factors: A salesperson will earn… read more
LogicPro
LogicPro
Engineer
Bachelor of Technology
5,723 satisfied customers
Step 1: Define a Computer class that can be used to describe
Step 1: Define a Computer class that can be used to describe your computer. The class must have at least two attributes. One variable must be an integer data type and the other must be a String data t… read more
LogicPro
LogicPro
Engineer
Bachelor of Technology
5,723 satisfied customers
1. Which of the following devices contains three PN
1. Which of the following devices contains three PN junctions? A. Backward diode B. TRIAC C. Shockley diode D. DIAC2. A diode's recovery time is divided into two parts called the A. a-b period and the… read more
GLENN
GLENN
Master of Mathematics
335 satisfied customers
Two-dimensional array operations in C++: Movie Ratings
Two-dimensional array operations in C++ : Movie Ratings program** You have recently collected reviews from four movie reviewers where the reviewers are numbered 1- 4. Each reviewer has rated six movie… read more
George Sibiya
George Sibiya
PhD
197 satisfied customers
Chief Justice Marshall emphasized that the Constitution gave
Chief Justice John Marshall emphasized that the Constitution gave Congress the power to make all “necessary and proper laws” needed to carry out its delegated powers. How did the necessary and proper … read more
Jane T (LLC)
Jane T (LLC)
Master\u0027s Degree
5,402 satisfied customers
I need help on my computer science homework using python i
I need help on my computer science homework using python i have hit a speed bump and do not understand what i am doing with my functions anymore... i feel like all my files are set and i have red the … read more
LogicPro
LogicPro
Engineer
Bachelor of Technology
5,723 satisfied customers
Need help with Wireshark. Approx 40 questions. Entry level
Need help with Wireshark. Approx 40 questions. Entry level class but must know how to do tasks. It is not something that you can just google the answers. Need assignment completed soon. Will pay good … read more
David L.
David L.
Bachelor\u0027s Degree
6 satisfied customers
Which type of behaviorism is represented by the following
Which type of behaviorism is represented by the following quotation? “It is a mistake to rule out events that influence our behavior because they are not accessible to others.” a.Structuralism b.Metho… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
682 satisfied customers
How are you doing? I am working on an assignment in
Hi how are you doing? I am working on an assignment in Javascript. I have both the container file and the code. However, I couldn't get the program to run. The error is in the actual html file. I am u… read more
LogicPro
LogicPro
Engineer
Bachelor of Technology
5,723 satisfied customers
I need help with this same question. Python and raptor.
Final Programming Project Assessment (400 Points toward Course Grade) Instructions: The following programming problem can be solved by a program that uses three basic tasks-Input Data, Process Data, and Output Results. To process the data, use file, looping, array, decision, accumulating, counting, find min/max and sorting techniques. First, create an MS Word document containing a hierarchy chart to organize your program modules. Second, create a RAPTOR flowchart to solve this problem. Third, create the program with Python. You MUST use Modular Programming techniques by using Sub Modules in your program. Your "main" module should not be very large. NEVER call "main" from inside your program. Also, do not use "recursion" in this program (submodules that call themselves). You are only allowed to use looping techniques to repeat sections of your submodules. Problem Statement Ledger's Furniture Store has 10 salespeople. Ledger's wants to produce a combined monthly sales report for all salespeople. Ledger's wants you to write a program that will allow them to enter data in any order, save the unsorted data to a file, and then produce a file in alphabetical order by name of the salespeople. The unsorted output file should be named "sales_unsorted.txt" and the sorted file should be named "sales_sorted.txt". … read more
George Sibiya
George Sibiya
PhD
197 satisfied customers
An orange juice producer buys oranges from a large orange
An orange juice producer buys oranges from a large orange grove that has one variety of orange. The amount of juice squeezed from these oranges is approximately normally​ distributed, with a mean of 6.06.0 ounces and a standard deviation of 0.240.24 ounce. Suppose that you select a sample of 3636 oranges. a. What is the probability that the sample mean amount of juice will be at least 5.685.68 ​ounces? b. The probability is 7676​% that the sample mean amount of juice will be contained between what two values symmetrically distributed around the population​ mean? c. The probability is 7575​% that the sample mean amount of juice will be greater than what​ value? … read more
GLENN
GLENN
Master of Mathematics
335 satisfied customers
Describe the relationship of the NBPTS to learning theories
describe the relationship of the NBPTS to learning theories and educational environments compare the advantages and disadvantages of traditional and nontraditional learning environments for students w… read more
lani_s
lani_s
Bachelor\u0027s Degree
47 satisfied customers
Physics Orbiting Bodies Calculate the mass (in kg) of the
Physics Orbiting BodiesCalculate the mass (in kg) of the Sun based on data for Venus's orbit. (answer in kg) Compare the value obtained with the Sun's actual mass. M obtained/ M actual… read more
GLENN
GLENN
Master of Mathematics
335 satisfied customers
Your instructor will assign a linear programming project for
Your instructor will assign a linear programming project for this assignment according to the following specifications.It will be a problem with at least three (3) constraints and at least two (2) dec… read more
GLENN
GLENN
Master of Mathematics
335 satisfied customers
I want to ask the problems about python. It's about the
Hello, I want to ask the problems about python JA: What's your objective for this Python project? Customer: It's about the function and subclass JA: Anything else you want the programmer to know befor… read more
George Sibiya
George Sibiya
PhD
197 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x