Question

4.Please match the following transactions for CMC (Calrissian Mining Company) with the appropriate special journal.   ...

4.Please match the following transactions for CMC (Calrissian Mining Company) with the appropriate special journal.

      -       A.       B.       C.       D.   

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30
      -       A.       B.       C.       D.   

Calrissian paid salaries $87,425 in cash.
      -       A.       B.       C.       D.   

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.
      -       A.       B.       C.       D.   

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company
A.

Purchases Journal
B.

Cash Disbursements Journal
C.

Sales Journal
D.

Cash Receipts Journal
Business   Accounting   
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Answer #1

Options

Transactions

Journal Type

A

Calrissian purchased $1,800 of merchandise on account from Fett Co., terms 2/15,n/30

Purchases Journal

B

Calrissian paid salaries $87,425 in cash.

Cash Disbursements Journal

C

Calrissian sold merchandise costing $1,492 on account to Organa Industries for $1,776, subject to a $55 sales discount if paid by the end of the month.

Sales Journal

D

G. Empire (a new partial owner in CMC) contributed $16,800 cash to the company

Cash Receipts Journal

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