#3 (Ch 5,6,7)

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37. Record the following transactions for Oyster Corp. using the general journal form provided below. Assume Oyster Corp. uses the gross method of recording sales discounts. Omit transaction descriptions from the entries.

    Date		Transaction
    Apr.	1	Sold merchandise on account, $8,000, terms 1/10, n/30. The cost of merchandise sold was $4,200.
    	7	Sold merchandise on account, $5,000, terms 2/10, n/30. The cost of merchandise sold was $2,750.
    	9	Received payment on account for the sale on April 1, less discount.
    	24	Received payment on account for the sale of April 7.

    If an amount box does not require an entry, leave it blank.

    Apr. 1		fill in the blank 2	fill in the blank 3
    		fill in the blank 5	fill in the blank 6
    Apr. 1		fill in the blank 8	fill in the blank 9
    		fill in the blank 11	fill in the blank 12
    Apr. 7		fill in the blank 14	fill in the blank 15
    		fill in the blank 17	fill in the blank 18
    Apr. 7		fill in the blank 20	fill in the blank 21
    		fill in the blank 23	fill in the blank 24
    Apr. 9		fill in the blank 26	fill in the blank 27
    		fill in the blank 29	fill in the blank 30
    		fill in the blank 32	fill in the blank 33
    Apr. 24		fill in the blank 35	fill in the blank 36
    		fill in the blank 38	fill in the blank 39

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