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1. Please follow the perpetual inventory system to solve the following: Journalize the following sales related transactions. a) b) c) d) e) f) 9) Sold
1. Please follow the perpetual inventory system to solve the following: Journalize the following sales related transactions. a) b) c) d) e) f) 9) Sold merchandise on account to Jangle Co., $5,000, terms FOB Shipping Point, 2/10, n/30. The cost of the merchandise sold was $3,000. Paid transportation charges of $200, which were added to the invoice. Sold merchandise on account to Comet Co., $10,000, terms FOB Destination, 1/10, n/30. The cost of the merchandise was $6,000. Paid transportation charges of $400 for delivery of merchandise sold to Comet Co. Issued credit memorandum for $2,000 to Comet Co. for merchandise returned from sale in (b). The cost of the merchandise was $1,200. Received amount due from Jangle Co. within the discount period. Received amount due, less return and discount from Comet Co. Sold merchandise on account to Jangle Co., $5,000, terms FOB Shipping Point, 2/10, n/30. The cost of the merchandise sold was $3,000. Paid transportation charges of $200, which were added to the invoice. Sold merchandise on account to Comet Co., $10,000, terms FOB Destination, 1/10, n/30. The cost of the merchandise was $6,000. Paid transportation charges of $400 for delivery of merchandise sold to Comet Co. Issued credit memorandum for $2,000 to Comet Co. for merchandise returned from sale in (b). The cost of the merchandise was $1,200. Received amount due from Jangle Co. within the discount period. Received amount due, less return and discount from Comet Co. h) i) j) k) 1)
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