# Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursementjournal, and a general journal

###### Question:

Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March:
Mar. 2 Sold merchandise costing $300 to B. Fager for$450 cash, invoice no. 5703.
5 Purchased $2,300 of merchandise on credit from Marsh Corp. 7 Sold merchandise costing$800 to J. Dryer for $1,150, terms 210, n30, invoice no. 5704. 8 Borrowed$8,000 cash by signing a note payable to the bank.
12 Sold merchandise costing $200 to R. Land for$320, terms n30, invoice no. 5705.
16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7. 19 Sold used store equipment for$900 cash to Malone, Inc.
25 Sold merchandise costing $350 to T. Burton for$550, terms n30, invoice no. 5706.
Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions that
should be recorded in this sales journal.

#### Similar Solved Questions

##### How many hydrogen atoms are there in a 1 gram sample of pure hydrogen?
How many hydrogen atoms are there in a 1 gram sample of pure hydrogen?...
##### The enthalpy change for the following reaction is -318 kJ. OF2(g) + H20(g) → 02(g) +...
The enthalpy change for the following reaction is -318 kJ. OF2(g) + H20(g) → 02(g) + 2HF(g) a To analyze the reaction, first draw Lewis structures for all reactant and product molecules. • Draw the reaction using separate sketchers for each species. • Separate multiple reactants and/o...
##### Can anyone breakdown so i can a nursing student can understand , and how i would...
can anyone breakdown so i can a nursing student can understand , and how i would appy to patient care for instant 80 yrs male patient with muliple health issues (CA, DM, Heart issues , pain issues. Select one of the following statements to discuss Patient-Centered Care: 1. Describe how diverse cu...
##### 18. + 14 points ZillDiffEQ9 8.2.031. Solve the given initial-value problem. 6 9 )X, X(0)=( x1...
18. + 14 points ZillDiffEQ9 8.2.031. Solve the given initial-value problem. 6 9 )X, X(0)=( x1 12/ 4 x(t) = Need Help? ReadTalk to a Tutor...
##### 19. If the cos u= -5/13 where it <u<37 12 and sin v= 8/15 where tan...
19. If the cos u= -5/13 where it <u<37 12 and sin v= 8/15 where tan v<0, find sin (u+v)...
##### If we use an acid-base neutralization reaction to determine the calorimeter constant, we need to use the enthalpy of re...
If we use an acid-base neutralization reaction to determine the calorimeter constant, we need to use the enthalpy of reaction (AHrxn = -57.62 kj/mol) to determine the heat that will be produced. If we use 25 mL of 1 M solutions predict how much heat will be produced. Explain your strategy and provid...