Accounting 1 4.01-4.02

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What is the journal entry to correct the error of charging a sale on account to Jones Company instead of Jackson Company for $560? Options: debit Accounts Payable/Jones Company, $560; credit Accounts Payable/Jackson Company, $560.; debit Accounts Receivable/Jones Company, $560; credit Accounts Receivable/Jackson Company, $560.; debit Accounts Receivable/Jackson Company, $560; credit Accounts Receivable/Jones Company, $560.; debit Accounts Payable/Jackson Company, $560; credit Accounts Payable/Jones Company, $560.

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debit Accounts Receivable/Jones Company, $560; credit Accounts Receivable/Jackson Company, $560.

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Cara's CDs paid cash on account to Willie's Wholesale, $595, covering Purchase Invoice No. 60. The journal entry for Cara's CDs to record this transaction is:

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debit Accounts Payable/Willie's Wholesale, $595; credit Cash, $595.

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Rubber Compounds sold merchandise for cash to The Shoe Maker for $773, plus sales tax of $56. The journal entry for Rubber Compounds to record this transaction is:

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debit Cash, $829; credit Sales, $773, Sales Tax Payable, $56.

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Curt's Cabinets paid cash on account to Phil's Fasteners, $441; covering Purchase Invoice No. 54 for $450, less a 2% discount, $9. The journal entry for Curt's Cabinets to record this transaction is:

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debit Accounts Payable/Phil's Fasteners, $450; credit Purchases Discount, $9, Cash, $441.

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What is the journal entry for Busters' Department Store to record the returned merchandise sold to Jake Coble for $65 plus $4 sales tax? Options: debit Accounts Receivable/Jake Coble, $69; credit Sales Returns and Allowances, $65, Sales Tax Payable, $4., debit Sales Returns and Allowances, $65, Sales Tax Payable, $4; credit Accounts Receivable/Jake Coble, $69., debit Sales Returns and Allowances, $65, Sales Tax Payable, $4; credit Cash, $69., debit Cash, $69; credit Sales Returns and Allowances, $65, Sales Tax Payable, $4.

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debit Sales Returns and Allowances, $65, Sales Tax Payable, $4; credit Cash, $69.

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The Jungle Gym returned merchandise that was purchased on account to Footware Wholesale, $750. The journal entry for The Jungle Gym to record this transaction is:

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debit Accounts Payable/ Wholesale, $750; credit Purchases Returns and Allowances, $750.

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Linen Supply sold Nites Inn merchandise on account for $551, plus sales tax of $31. The journal entry for Linen Supply to record this transaction is:

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debit Accounts Receivable/Nites Inn, $582; credit Sales, $551, Sales Tax Payable, $31.

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Taco Home paid cash for advertising, $400. The journal entry to record this transaction is:

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debit Advertising Expense, $400; credit Cash, $400.

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The correct journal entry for the transaction PAID CASH FOR PRINTER CARTRIDGES is:

Back

debit Supplies and credit Cash.

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The correct journal entry for the transaction RECEIVED A CHECK FOR BIKE RENTAL FEES is:

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debit Cash and credit Rental Fees.