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1 [10 MARKS Kayla Book Warehouse distributes books to retail stores. The company purchases all merchandise inventory on credit and uses a perpetual inventory system.
1 [10 MARKS Kayla Book Warehouse distributes books to retail stores. The company purchases all merchandise inventory on credit and uses a perpetual inventory system. During July, the following merchandise transaction eccurred July 1 July 3 hly s July 9 July 14 July 15 July 23 Purchased merchandise on account for AD6500 om Fald Publisher FOll shipping points, terms 2/10/30 Paid freight on purchase of merchandise amounting to AED150 Received credit from Field Pubdoher for merchandise returned AED400 Paid Field Publisher in full Sold merchandise on account to Bean Bookstore for AED4800 term 1/10 n/30. The merchandoe sold had a cost of AED3,900 Granted Bean Bookstore AED350 for merchandoe returned costing AED170 Received collection in full from customers billed on July 14 REQUIRED Journalize the transactions for the month of July Anwer Sheet for Question Date GENERAL JOURNAL Accounts Tide C
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