The information below from (Ali) Company. Jan. 3. The owner withdrew S$7138 cash for personal use. Jan. 6 Sold goods on account to (Ahmed) for $25,200. Jan. 20 Ahmed account is settled as follows: Returned goods $725, give us a note $10,450 and the balance cash. Jan.22. Paid the following expenses: wages $7503 Check, transportation $1965 cash, advertising $2134 cash, commission $5092 Check, and stationary $6023 cash, Required:Record transactions to the general journal

The information below from (Ali) Company. Jan. 3. The owner withdrew S$7138 cash for personal use. Jan. 6 Sold goods on account to (Ahmed) for $25,200. Jan. 20 Ahmed account is settled as follows: Returned goods $725, give us a note $10,450 and the balance cash. Jan.22. Paid the following expenses: wages $7503 Check, transportation $1965 cash, advertising $2134 cash, commission $5092 Check, and stationary $6023 cash, Required:Record transactions to the general journal

Name: The information below from (Ali) Company .Jan. 3. The owner withdrew
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Description: The information below from (Ali) Company .Jan. 3. The owner withdrew $7138 cash for personal use.Jan. 6 Sold goods on account to (Ahmed) for $25,200.Jan. 20 Ahmed account is settled as follows:Returned goods $725, give us a note $10,450and the balan

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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