Question
1. Journalize the following transactions: April/1st Purchased Merchandise on account, $5, 000; terms 2/10, n/30 2nd - Sold Merchandise on account, $3,500. Terms 2/10,n/30. The
1. Journalize the following transactions:
April/1st Purchased Merchandise on account, $5, 000; terms 2/10, n/30 2nd - Sold Merchandise on account, $3,500. Terms 2/10,n/30. The cost of merchandise
sod was $2,800 4th- Returned some merchandise bought on April/1st, $700 5th- Received payment for merchandise sold on April/2nd
10th Paid suppliers for merchandise bought on April/1st 14th Bought office equipment for cash $700 15th Purchased merchandise on account, $3,000 15th - Sold Merchandise on account, $2,500. Terms 2/10,n/30. The cost of merchandise
sod was $1,800
16th- Received a refund for defective merchandise from purchases on April/15th
25th Collected payment from sales made on April 15th
30th - Accumulated depreciation of office equipments totaled $1,000
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