题目内容

Scully company is the seller, and Burton company is the buyer. Assuming both Scully company and Burton company using perpetual inventory system. Select the correct journal entries for both Scully company and Burton company from question 17 to question 24 （以上题干适用于第17题至第24题，请为第17题至第24题中的每一笔业务，选择正确的分录） .On July 1, Scully Company sold merchandise on account to Burton Company, $7,500, terms FOB shipping point, n/45. The cost of the merchandise sold was $4,500.The correct journal entries are:

A. For Scully company:Dr. Accounts receivable 7,500 Cr. Fees earned 7,500Dr. Cost of merchandise sold 4,500 Cr. Merchandise inventory 4,500For Burton companyDr. Merchandise inventory 7,500 Cr. Accounts payable 7,500
B. For Scully company:Dr. Accounts receivable 7,500 Cr. Sales 7,500Dr. Cost of merchandise sold 4,500 Cr. Merchandise inventory 4,500For Burton companyDr. Merchandise inventory 7,500 Cr. Accounts payable 7,500
C. For Scully company:Dr. Cash 7,500 Cr. Fees earned 7,500Dr. Cost of merchandise sold 4,500 Cr. Merchandise inventory 4,500For Burton companyDr. Merchandise inventory 7,500 Cr. Cash 7,500

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Transaction b. Paid July rent for office and workroom, $2,750.The correct journal entry is :

A. Dr. Prepaid rent 2,750 Cr. Cash 2,750
B. Dr. Rent expense 2,750 Cr. Cash 2,750
C. Dr. Rent expense 2,750 Cr. Accounts payable 2,750

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On July 29, BDA company received payment from Surin company for purchase of July 20, less discount.The correct journal entries are:

A. For BDA company:Dr. Cash 2,452 Sales 48 Cr. Accounts receivable 2,500For Surin company:Dr. Accounts payable 2,500 Cr. Cash 2,452 Merchandise inventory 48
B. For BDA company:Dr. Cash 2,452 Sales discounts 48 Cr. Accounts receivable 2,500For Surin company:Dr. Accounts payable 2,500 Cr. Cash 2,452 Merchandise inventory 48
C. For BDA companyDr. Cash 2,500 Cr. Accounts receivable 2,500For Surin company:Dr. Accounts payable 2,500 Cr. Cash 2,500

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Transaction j. Paid salaries to an assistant, $2,200.The correct journal entry is:

A. Dr. Salaries expense 2,200 Cr. Accounts payable 2,200
B. Dr. Miscellaneous expense 2,200 Cr. Cash 2,200
C. Dr. Salaries expense 2,200 Cr. Cash 2,200

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Transaction i. Recorded fees earned on services delivered, to be received in August, $17,300.The correct journal entry is:

A. Dr. Cash 17,300 Cr. Fees earned 17,300
B. Dr. Accounts receivable 17,300 Cr. Fees earned 17,300
C. Dr. Accounts receivable 17,300 Cr. Sales 17,300

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