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The Woodview Company Uses a Sales Journal,purchases Journal,cash Receipts Journal,cash

question 101

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The Woodview Company uses a sales journal,purchases journal,cash receipts journal,cash disbursements journal and general journal.They use the periodic inventory method.The following transactions occurred during the month of December:
$\begin{array}{|l|l|l|}\hline\text { Dec. } & 4 & \text { Sold merchandise on credit for } \$ 3,300 \text { to the A\&B Co., Invoice No. } 313 . \\\hline & 8 & \begin{array}{l}\text { Purchased merchandise on credit for } \$ 1,800 \text { from the Dexter Co., terms } 2 / 10, n / 30 . \text { Invoice } \\\text { dated December } 8 .\end{array} \\\hline & 10 & \text { Sold merchandise for } \$ 500 \text { cash to RAC Corp., Invoice } 314 . \\\hline & 13 & \text { Collected } \$ 3,300 \text { from the A\&B Co. for merchandise sold on December } 4 . \\\hline & 17 & \text { Paid amount owed to Dexter Co. from December } 8 \text { purchase, Check No. } 1011 . \\\hline & 24 & \text { Sold merchandise on credit for } \$ 4,500 \text { to Dunn Corp., Invoice No. } 315 . \\\hline & 27 & \text { Paid } \$ 400 \text { cash for monthly rent to Dayton Properties, Check No. } 1012 . \\\hline & 31 & \text { Purchased equipment for } \$ 3,055 \text { from Fort Corp., Check No. } 1013 .\\\hline\end{array}$

Record these transactions using the journals below.
$The Woodview Company uses a sales journal,purchases journal,cash receipts journal,cash disbursements journal and general journal.They use the periodic inventory method.The following transactions occurred during the month of December: \begin{array}{|l|l|l|} \hline\text { Dec. } & 4 & \text { Sold merchandise on credit for } \$ 3,300 \text { to the A\&B Co., Invoice No. } 313 . \\ \hline & 8 & \begin{array}{l} \text { Purchased merchandise on credit for } \$ 1,800 \text { from the Dexter Co., terms } 2 / 10, n / 30 . \text { Invoice } \\ \text { dated December } 8 . \end{array} \\ \hline & 10 & \text { Sold merchandise for } \$ 500 \text { cash to RAC Corp., Invoice } 314 . \\ \hline & 13 & \text { Collected } \$ 3,300 \text { from the A\&B Co. for merchandise sold on December } 4 . \\ \hline & 17 & \text { Paid amount owed to Dexter Co. from December } 8 \text { purchase, Check No. } 1011 . \\ \hline & 24 & \text { Sold merchandise on credit for } \$ 4,500 \text { to Dunn Corp., Invoice No. } 315 . \\ \hline & 27 & \text { Paid } \$ 400 \text { cash for monthly rent to Dayton Properties, Check No. } 1012 . \\ \hline & 31 & \text { Purchased equipment for } \$ 3,055 \text { from Fort Corp., Check No. } 1013 .\\ \hline \end{array} Record these transactions using the journals below.$
$The Woodview Company uses a sales journal,purchases journal,cash receipts journal,cash disbursements journal and general journal.They use the periodic inventory method.The following transactions occurred during the month of December: \begin{array}{|l|l|l|} \hline\text { Dec. } & 4 & \text { Sold merchandise on credit for } \$ 3,300 \text { to the A\&B Co., Invoice No. } 313 . \\ \hline & 8 & \begin{array}{l} \text { Purchased merchandise on credit for } \$ 1,800 \text { from the Dexter Co., terms } 2 / 10, n / 30 . \text { Invoice } \\ \text { dated December } 8 . \end{array} \\ \hline & 10 & \text { Sold merchandise for } \$ 500 \text { cash to RAC Corp., Invoice } 314 . \\ \hline & 13 & \text { Collected } \$ 3,300 \text { from the A\&B Co. for merchandise sold on December } 4 . \\ \hline & 17 & \text { Paid amount owed to Dexter Co. from December } 8 \text { purchase, Check No. } 1011 . \\ \hline & 24 & \text { Sold merchandise on credit for } \$ 4,500 \text { to Dunn Corp., Invoice No. } 315 . \\ \hline & 27 & \text { Paid } \$ 400 \text { cash for monthly rent to Dayton Properties, Check No. } 1012 . \\ \hline & 31 & \text { Purchased equipment for } \$ 3,055 \text { from Fort Corp., Check No. } 1013 .\\ \hline \end{array} Record these transactions using the journals below.$
$The Woodview Company uses a sales journal,purchases journal,cash receipts journal,cash disbursements journal and general journal.They use the periodic inventory method.The following transactions occurred during the month of December: \begin{array}{|l|l|l|} \hline\text { Dec. } & 4 & \text { Sold merchandise on credit for } \$ 3,300 \text { to the A\&B Co., Invoice No. } 313 . \\ \hline & 8 & \begin{array}{l} \text { Purchased merchandise on credit for } \$ 1,800 \text { from the Dexter Co., terms } 2 / 10, n / 30 . \text { Invoice } \\ \text { dated December } 8 . \end{array} \\ \hline & 10 & \text { Sold merchandise for } \$ 500 \text { cash to RAC Corp., Invoice } 314 . \\ \hline & 13 & \text { Collected } \$ 3,300 \text { from the A\&B Co. for merchandise sold on December } 4 . \\ \hline & 17 & \text { Paid amount owed to Dexter Co. from December } 8 \text { purchase, Check No. } 1011 . \\ \hline & 24 & \text { Sold merchandise on credit for } \$ 4,500 \text { to Dunn Corp., Invoice No. } 315 . \\ \hline & 27 & \text { Paid } \$ 400 \text { cash for monthly rent to Dayton Properties, Check No. } 1012 . \\ \hline & 31 & \text { Purchased equipment for } \$ 3,055 \text { from Fort Corp., Check No. } 1013 .\\ \hline \end{array} Record these transactions using the journals below.$
$The Woodview Company uses a sales journal,purchases journal,cash receipts journal,cash disbursements journal and general journal.They use the periodic inventory method.The following transactions occurred during the month of December: \begin{array}{|l|l|l|} \hline\text { Dec. } & 4 & \text { Sold merchandise on credit for } \$ 3,300 \text { to the A\&B Co., Invoice No. } 313 . \\ \hline & 8 & \begin{array}{l} \text { Purchased merchandise on credit for } \$ 1,800 \text { from the Dexter Co., terms } 2 / 10, n / 30 . \text { Invoice } \\ \text { dated December } 8 . \end{array} \\ \hline & 10 & \text { Sold merchandise for } \$ 500 \text { cash to RAC Corp., Invoice } 314 . \\ \hline & 13 & \text { Collected } \$ 3,300 \text { from the A\&B Co. for merchandise sold on December } 4 . \\ \hline & 17 & \text { Paid amount owed to Dexter Co. from December } 8 \text { purchase, Check No. } 1011 . \\ \hline & 24 & \text { Sold merchandise on credit for } \$ 4,500 \text { to Dunn Corp., Invoice No. } 315 . \\ \hline & 27 & \text { Paid } \$ 400 \text { cash for monthly rent to Dayton Properties, Check No. } 1012 . \\ \hline & 31 & \text { Purchased equipment for } \$ 3,055 \text { from Fort Corp., Check No. } 1013 .\\ \hline \end{array} Record these transactions using the journals below.$

Definitions:

Point A to Point B

Represents the process or journey from a starting location, situation, or condition to a designated end or goal, often used figuratively.

Skimming Demand

A pricing strategy where a high price is set to "skim" layers of demand from the market sequentially, usually employed during the introduction of a new product.

Penetration Demand

A market strategy focused on increasing market share for an existing product through penetration pricing, advertisement, and sales promotion.

Demand Curve

A graph that relates the quantity sold and price, showing the maximum number of units that will be sold at a given price.