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a ) Please Complete Journal Entries on Tab 2 labelled Journal Entries 0 1 - May Purchased $ 3 , 0 0 0 worth of
a Please Complete Journal Entries on Tab labelled Journal Entries May Purchased $ worth of inventory on credit with terms of net May Returned $ of the merchandise. It was defective May Paid the invoice within discount terms May Had a sale of $ and gave terms of net May Cost of Goods sold was $ May customer paid the $ invoice May Purchased $ worth of inventory, Net terms. This invoice also had HST on it so the total of the invoice was $ May We were charged $ frieght for goods just received. May Had a sales of $ $ HST with terms of net May Cost of Goods sold was $ May Customer sent back $ of merchandise that they didn't order. Jun Customer paid the invoice less the return Jun We paid the invoice from May b Please indicate what are the ending balances in the following accounts Inventory Cost of Good sold GST Receiavble GST Payable Discounts Earned Discounts Given Sales Returns and Allowances
a
Please Complete Journal Entries on Tab labelled Journal Entries
May Purchased $ worth of inventory on credit with terms of net
May Returned $ of the merchandise. It was defective
May Paid the invoice within discount terms
May Had a sale of $ and gave terms of net
May Cost of Goods sold was $
May customer paid the $ invoice
May Purchased $ worth of inventory, Net terms. This invoice also had HST on it so the total of the invoice was $
May We were charged $ frieght for goods just received.
May Had a sales of $ $ HST with terms of net
May Cost of Goods sold was $
May Customer sent back $ of merchandise that they didn't order.
Jun Customer paid the invoice less the return
Jun We paid the invoice from May
b Please indicate what are the ending balances in the following accounts
Inventory
Cost of Good sold
GST Receiavble
GST Payable
Discounts Earned
Discounts Given
Sales Returns and Allowances
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