Strand 3 - Purchases JEs and Subsidiary Quiz

  • Due May 8 at 11:59pm
  • Points 40
  • Questions 5
  • Available May 8 at 12am - May 9 at 11:59pm
  • Time Limit None
  • Allowed Attempts Unlimited

Instructions

Standards demonstrated in this assignment: 

  • 3.2: Analyze transactions for purchases and cash payments.
  • 3.2: Journalize and post purchases of merchandise.
  • 3.2: Journalize and post cash payments.
  • 3.2: Journalize and post the return of merchandise to a vendor.
  • 3.2: Calculate, journalize, and post payments that involve purchase discounts.
  • 3.2: Prove Accounts Payable Subsidiary Ledger by preparing a Schedule of Accounts Payable. 

 

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