Apr 17th, 2015
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Adelphi University
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Hi there.This document contains A+ work for the course ACC 225.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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Student Name:Class:Problem 07CCOLO COMPANYSales JournalDate Account DebitedAR DebitCOGSInv.Trans.SalesDebitNo.No.CreditInv. CreditMay 2 Hensel Company 8785836,1004,10016 Hensel Company 8786843,9901,89022 Lee Services8787856,8504,99026 Crane Corp.87888614,2108,23031 Totals31,150^ Correct!19,210^Correct!COLO COMPANYPurchases JournalAccountsInv.DateAccountDateMay 4 Store Supp./Gear Supp.Trans.PayableInventoryTermsNo.CreditDebit5/4n/10, EOM7837,72910 Off. Equip./Gear Supp.5/10n/10, EOM794,07411 Garcia, Inc.5/10n/30, n/30808,8008,80017 Fink Corp.5/142/10, n/608113,65013,65024 Store Supp./Gear Supp.5/24n/10, EOM829,0308,12025 Peyton Products5/232/10, n/30833,0803,08076,36370,72231 Totals^ Correct!37,072^ Correct!COLO COMPANYCash Receipts JournalDateAccount Cr. ExplanationMay 5 Knox, Inc.Sale of April 28SalesAccts.Trans.CashDiscountRecv.No.DebitDebitCredit814,4598235011 Hensel CompanySale of May 2835,97815 Sales8459,2209 Store SuppliesSold store suppliesCash sales,914,5501226,1001376,85035017,500May 1-1530 Lee Services Sale of May 22856,71331 Sales8666,052Cash Sales,May 16-3131 Totals142,772^ Correct!^ Correct!^ Correct!COLO COMPANYCash Disbursements JournalCheckDateNo.May 13410AccountTrans.Cash

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