Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Mar. 2. Issued Invoice No. 512 to Santorini Co., $715. Mar. 4. Received cash from CMI Inc., on account, for $180. Mar. 8. Issued Invoice No. 513 to Gabriel Co., $250. Mar. 12. Issued Invoice No. 514 to Yarnell Inc., $630. Mar. 19. Received cash from Yarnell Inc., on account, $480. Mar. 20. Issued Invoice No. 515 to Electronic Central Inc., $135. Mar. 28. Received cash from Marshall Inc. for services provided, $100. Mar. 29. Received cash from Santorini Co. for Invoice No. 512 of March 2. Mar. 31. Received cash from McCleary Co. for services provided, $55. Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Enter the transactions in chronological order.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Sales $2,150,000 Manufacturing costs: Direct materials $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed manufacturing cost 288,000 1,824,000 Selling and administrative expenses: Variable $204,000 Fixed 96,000 300,000 Required:
Answers (1)
Active endeavors specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhouse near a convention center. this strategy is an example of:
Answers (1)
What website would be more beneficial in building a portfolio for a student rather than an entrepreneur?
Answers (2)
You have $12,000 to invest and would like to create a portfolio with an expected return of 9.75 percent. You can invest in Stock K with an expected return of 8.05 percent and Stock L with an expected return of 11.7 percent.
Answers (1)
Assuming that the company has retained earnings of "$86,000", all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive
Answers (1)
New Questions in Business
What is financial intermediary?
Answers (1)
On October 1, Eder Fabrication borrowed $69 million and issued a nine-month promissory note. Interest was discounted at issuance at a 11% discount rate.
Answers (1)
Should a firm shut down if its weekly revenue is $1000 , its variable cost is $800 , and its fixed cost is $1200 , of which $350 is avoidable if it shuts down? Why? The firm should A.
Answers (1)
If the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called afixed-rate bond.
Answers (1)
A firm is comparing two potential service layouts using the Closeness Desirability Rating. Option 1's closeness desirability score is 18. Option 2's closeness desirability score is 22. It can be concluded that Option 1 layout is better. a. True. b.
Answers (1)