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LESSON 24-1

LESSON 24-1. Recording International Sales. JOURNALIZING AN INTERNATIONAL SALE. page 706. April 1. Recorded international cash sale, $5,000.00. Memorandum 45. 2. 4. 1. 3. 5. 6. 1. Write the date. 2. Place a check mark. 3. Write the source document number.

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LESSON 24-1

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  1. LESSON 24-1 Recording International Sales

  2. JOURNALIZING AN INTERNATIONAL SALE page 706 April 1. Recorded international cash sale, $5,000.00. Memorandum 45. 2 4 1 3 5 6 1. Write the date. 2. Place a check mark. 3. Write the source document number. 4. Place a check mark in the Post. Ref. column. 5. Write the sale amount in the Sales Credit column. 6. Write the sale amount in the Cash Debit column. LESSON 24-1

  3. JOURNALIZING TIME DRAFTS page 707 May 10. Received a 60-day, time draft from Simov Co. for an international sale, $6,000.00. Time Draft No. 12. 2 4 3 1 5 6 1. Date 4. Sale amount debit 2. Account debited 5. Account credited 3. Time draft number 6. Sale amount credit LESSON 24-1

  4. JOURNALIZING CASH RECEIPTS FROM TIME DRAFTS page 708 July 9. Received cash for the value of Time Draft No. 12, $6,000.00. Receipt No. 465. 1 2 3 4 5 1. Date 2. Account title 3. Receipt number 4. Amount received credit 5. Amount received debit LESSON 24-1

  5. exports imports contract of sale letter of credit bill of lading commercial invoice draft sight draft time draft trade acceptance TERMS REVIEW page 709 LESSON 24-1

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