Cotter Corporation had the following selected transactions for the month of May, 20XX.
Date
Transaction Description
May 4 Received [tex]$300 from E. Gilmour representing the balance from a sale made in March. May 6 Made a credit sale of merchandise to W. Jones, invoice No. 506, $[/tex]890.
May 7
E. Cotter invested additional cash of [tex]$6,000. May 8 Sold merchandise on credit to R. Hopkins, invoice No. 507, $[/tex]2,000.
May 11 Received payment from W. Jones for invoice No.506, less a 2% discount.
May 13 R. Hopkins was granted a [tex]$90 credit for merchandise returned. May 15 Cash sales for the first half of the month totaled $[/tex]740.
May 19 Sold merchandise on account to R. Donovan, invoice No. 508, [tex]$1,250. May 21 Received payment from R. Hopkins for invoice No. 507, less return of May 13. May 25 Sold merchandise on account to D. Ruddy, invoice No. 509, $[/tex]1,845.
May 27 Obtained a short-term loan of [tex]$1,500 from a local bank. May 28 Received payment from R. Donovan for invoice No. 508, less a 2% discount. May 31 Cash sales for the second half of the month totaled $[/tex]620.
REQUIRED: Record the preceding transactions, using the sales journal, cash receipts journal, and the general journal provide
following PDF: https://lessons.pennfoster.com/pdf/061200_Exam_Tables.pdf
6. Which of the following transactions will appear in the general journal?
OA. May 7
OB. May 7 and 13
OC. May 13
OD.May 7, 13, and 27
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