Sandy is trying to reconstruct her spending pattern from july. she knows that she had $277 in her account on july 1, but after that, her receipts and balance statements are all scrambled. here are sandy’s records:
date
transaction type
amount ($)
7/26
purchase
86
7/25
deposit
76
7/4
purchase
137
7/6
deposit
90
7/10
purchase
131
7/9
purchase
145
7/15
deposit
152
7/19
purchase
137
assuming that this is a complete, if scrambled, record of sandy’s july spending and that any overdraft fees incurred do not affect the running total, how many times did sandy overdraw her account in july?
a.
sandy never overdrew her account.
b.
sandy only overdrew her account once.
c.
sandy overdrew her account twice.
d.
sandy overdrew her account more than twice.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.