PRINCIPLES OF ACCOUNTS Long answer Answer the following question and upload a photo of the answer.

Write up the Day Books for the following, then post to the relevant accounts in the sales and purchase ledgers and then transfer the totals to the relevant accounts in the general ledger.

July 1 Credit sales to: A. Green $307; H. George, $250; J. Fergusson, $185.
July 3 Credit Purchases from: K. Hill, $380; M. Peters, $500; O. Senior, $106
July 5 Credit sales to: E Pink, $510; E. Phillips, $246; F. Thompson, $356.
July 8 Credit Purchases from: M. James, $200; J. Cook, $180; D. Edwards $410
July 12 Returns Inwards from: E. Phillips, $28; F. Thompson $32.
July 14 Returns Outwards to: M. Peters, $30; O. Senior, $18.
July 20 Returns Inwards from: E. Phillips, $27; E. Pink, $30.
July 31 Returns outwards to: J. Cook, $$13; D. Edwards, $11.

Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false