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18. Sold merchandise on account to Jennings Company, $7,800, terms FOB shipping point, 2/10, n/30. Paid $100 for freight and added it to the invoice.
18. | Sold merchandise on account to Jennings Company, $7,800, terms FOB shipping point, 2/10, n/30. Paid $100 for freight and added it to the invoice. The cost of the goods sold was $4,960. |
28. | Received check for amount due from Jennings Company for sale of July 18. |
Answer for July 28! TY
Date July 18 Date July 18 Date July 18 Date July 24 Date July 28 Accounts Receivable-Jennings Company Sales Cash Accounts Receivable-Jennings Company Cost of Goods Sold Inventory Account Cash Account Cash Account Account Accounts Receivable-Loeb Co. Account Accounts Receivable-Jennings Company Debit 4,960 Debit 7,644 Debit Debit 100 22,770 Debit 7,900 X Credit 7,644 Credit 100 Credit 4,960 Credit 22,770 Credit 7,742 XStep by Step Solution
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