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Drag and Drop Parts of an Invoice
Bob's Accounting Services purchased the Xerox Machine and will be paying for it within the next 30 days.
Identify the parts of an invoice by matching the image and the name of the part.
Jaymar Office Supply
554 Main Street
Tuscaloosa, AL 35401
Invoice: 555
Date: July 14, 2020
To: Bob's Accounting Services
5821 Gulf BLVD
Orange Beach, AL 36530
| Sales Rep. | P.O. Number | Ship Date | Ship Via | Terms |
|---|---|---|---|---|
| Truck | Payable in 30 days |
| Quantity | Description | Unit Price | Total |
|---|---|---|---|
| 1 | Xerox Machine | $5,595.00 | $5,595.00 |
What is the Invoice Number? 555
What is the Transaction Date? July 14, 2020
What was the Equipment purchased? Xerox Machine
Who was the Equipment sold to? Bob's Accounting Services
Who is the Seller? Jaymar Office Supply
What are the Payment terms? Payable in 30 days
What was the Number of items sold? 1
What was the total selling price? $5,595.00
How could Bob's Accounnting Service journalize this transaction into their accounting records? The two accounts that would be used are listed below.
- Office Equipment (Assets)- Debit or Credit
- Accounts Payable (Liabilities)- Debit or Credit
Answer: Debit
Answer: Credit