Accounting Exercises 9-1 to 9-15

School: Lake Michigan College - Course: MATH 123 - Subject: Accounting

Exercise 9-1 1.L 2.C 3.L 4.C 5.C 6.C 7.N 8.C 9.C 10.C
Exercise 9-2- General Journal DateAccounts and ExplanationsDebitCredit July 15 Record sales and sales taxes July 15 Record cost of merchandise Aug. 1 Record sending of sales taxes to the gov't. Nov. 3 Record sales in advance of games Nov. 20 Record revenue earned.
Exercise 9-5 1.Maturity date = 2.Total interest expense in the current year$- 3.Total interest expense in the following year$- 4a. DateAccounts and ExplanationsDebitCredit Nov. 1 4b. DateAccounts and ExplanationsDebitCredit Dec. 31 4c. DateAccounts and ExplanationsDebitCredit

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