Cash Receipts Journal Credits Dr and Cr Date Debit Accounts Sales Misc. COGS & 20x5 Explanation Cash Account Title Receivable Revenue Accounts Inventory 9 Apr. 78,200 78,200 24,700 14 Apr. Partial 21,360 21,360 pymt: Apr 4 26 Apr. Borrowed 90,000 Notes payable 90,000 Cash Disbursements Journal Debits Date Credit Accounts Misc. 20x5 Explanation Cash Account Name Post. Ref. Payable Inventory Accounts No. 10 Apr. Electricity bill 1,900 Electricity expense 1,900 15 Apr. Note plus 50,565 Notes payable 50,000 interest Interest expense 565 22 Apr. Paid wages 53,700 Wages expense 53,700 22 Apr. Dividends paid 23,000 Dividends declared 23,000 25 Apr. Inventory 7,350 7,350 30 Apr. Purchase of 27,500 27,500 Apr. 16 less credit note
Cash Receipts Journal Credits Dr and Cr Date 20x5 Explanation Debit Cash Account Title Accounts Receivable Sales Revenue Misc. Accounts COGS & Inventory 9 Apr. 78,200 78,200 24,700 14 Apr. Partial pymt: Apr 4 21,360 21,360 26 Apr. Borrowed 90,000 Notes payable 90,000 Cash Disbursements Journal Debits Date 20x5 No. Explanation Credit Cash Account Name Post. Ref. Accounts Payable Inventory Misc. Accounts 10 Apr. Electricity bill 1,900 Electricity expense 1,900 15 Apr. Note plus interest 50,565 Notes payable Interest expense 50,000 565 22 Apr. Paid wages 53,700 Wages expense 53,700 22 Apr. Dividends paid 23,000 Dividends declared 23,000 25 Apr. Inventory 7,350 7,350 30 Apr. Purchase of Apr. 16 less credit note 27,500 27,500
FA2_Appendix_text_solutions.docx