23\. Q21-25

Presented below are transactions related to Hawthorn Muscat Company.

i\ On December 3, Sold $570,000 of merchandise on account to Frazier Co., terms 1/10, n/30, FOB destination.

a\ Journal

b\ Cash Book

c\ Sales Day Book

d\ Purchase Day book

ii\ On December 4 Hawthorn Muscat Company paid $400 for freight charges.

a\ Sales Day Book

b\ Journal

c\ Cash Payments Book

d\ Cash Receipts Book

iii\ On December 5 Sold RO 1,500 of merchandise inventory for cash, FOB Shipping Point to Hashim Traders

a\ Cash Book

b\ Sales Day Book

c\ Purchase Day book

d\ Journal

iiii\ On December 8, Frazier Co. was granted an allowance of $20,000 for merchandise purchased on December 3.

a\ Returns Outwards Day Book

b\ Returns Inwards Day Book

c\ Sales Day Book

d\ Journal

iiiii\ On December 13, the company received the balance due from Frazier Co.

a\ Sales Day Book

b\ Journal

c\ Cash Payments Book

d\ Cash Receipts Book

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