Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
and shorts Supos Lorgver com a 3.500 books on account for $15 euch (ost of these books is $31.500.credit ferme 1/20 /45 on October 10,
and shorts Supos Lorgver com a 3.500 books on account for $15 euch (ost of these books is $31.500.credit ferme 1/20 /45 on October 10, 2016. to Books and More One hundred of these books Longriver.com later received the damaged goods from Books and More a les returns on October 13, 2016. Books and More paid the balance to Longer som on October 22, 2016 Requirements 1. Journaline Books and More's October 2016 transactions 2. Joumaliza Longrive.com's October 2016 transactions Od 22: Books and More paid the balance to Longriver.com Oct. 22 Requirement 2. Journal Longecom's October 2016 transactions. Record debits first, then credits. Exclude explanations from jumalaries) Oct. 10: The sale of 3,500 books on account for 515 each cost of these books is $31.500), credit ferme 1/20,/46 to Books and More Begin by preparing the entry to your the sale portion of the transaction. Do not record the s ense read to the sale. We will do that in the following step Oct. 10 Choose from any it or enter any number in the input fields and then continues to the next Gestion MacBook Air Question Help damaged in part Suppose Lorgriver.com sols 3.500 books on account for $15 each look of these books is $31.500 creditor 1/20, n/46 on October 10, 2016. to Books and More One hundred of these books foot Longriver com later received the damaged goods from books and More s sales returns on October 13, 2016. Books and More paid the balance to Longrier.com on October 22, 2016 Requirements 1. Jeumalira Books and More's October 2016 transactions Joumaline Longriver.com's October 2016 transactions Now jumalize the expense related to the October 10 sale Cost of goods. $31,500 Date De Credit Od. 10 Oct.13: Books and More reamed one hundred books ( 3000) damaged in shipment Start by preparing the entry to record the sales retur. Do not update the Merchandise Inventory with this entry Debit Credit Oct 13 med merchandise Col d s retumed, 1000 Now prepare the entry to update the Merchandise inventory account for the cost of the Choose from any it or enter any number in the outfields and then continue to the next question 40 OP 319.0 00 200.0 MacBook Air WERLY Suppose Logiver com ela 3,500 books on account for $15 each cost of these books is $31,500 credit rms 1/20 / 45 on October 10, 2016, bo Books and More One Hundred of these books (cont $000) were dannaged in shipment, Lorgriver.com later received the damaged goods from Books and More as a r ms on October 13, 2016. Books and More paid the balans to Longriver com on October 22, 2016 Requirements 1. Joumalize Books and More's October 2016 transacions 2. Joumalize Longriver.com's October 2016 transactions Now prepare the entry to update the Merchandise Inventory count for the cost of the returned merchandise Cost of goods returned, 1900 Date Debit Credit Od 13 Od 22Large.com collected the balance from books and More Debit Oct 22 Choose from any of enter any number in the input ris and then continue to the next to MacBook Air
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694d06026b56_7036694d05f82f20.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694d060f33e7_7046694d060680bb.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694d061cf613_7056694d061374e2.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started