Record the following transactions in general journal form: May 4 Sold merchandise on account to Seymour, Inc.;
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Record the following transactions in general journal form:
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May 4 Sold merchandise on account to Seymour, Inc.; 2/10, n/30; $640. 10 Purchased merchandise on account from the Mann Company; 1/10, n/60; FOB shipping point; $760. 11 Paid freight bill on merchandise purchased from the Mann Com- pany, $22, to Golina Freight Lines. 13 Received full payment from Seymour, Inc. 14 Received a credit memo from the Mann Company for defective mer- chandise returned, $94. 19 Paid the Mann Company in full within the discount period. 28 Bought merchandise on account from Bean Company, $900; 2/10, n/30; freight prepaid and added to the invoice, $47 (total, $947).
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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