At the beginning of June 2024, Pira Calada Divtributine Companys ledger showed Cash 517 ooo, Merchandise inventory 54 , 900 , and D. Pina Colada, Capital 521,900 . During the moeth of fune, the company lad the following selected transactionst June 1 Purchased $3800 of merchandthe imentory fram sin5up0 y Co, terms 1/15, a/30, FOD destination. 2. The comect company paid $220 cash for freight charges on the Jane 1 puichase. 5 Sold merchandise inventory to Moove Jaw Retailers for $12000. The cost of the merchandisn was $7,700 and the terms wore 2/10,p/30, FOd dettination 6 Isuyd a 5000 credit for merchandive returned by Meese Jaw Retalers. The merchandise originally cost $513 and was: returned to inventory. 6 The correct compamy paid $290 freldyt on the June 5 sale: 7 Purchaned 5780 of supplies for cash: 10 Parchased $4.750 of merchandse inventory from Fey Wholesalers, terms 2/10,n/30, fol shipping point: 10 The carrect compary gaids 5120 treight costs on the purchase from Fey Wholesalen. 12 Receivod a $250 eredit from Fey Wholesalers far returned inerchandise. 14 Paid Sun Supply Ca, the amount due. 15 Collected the batonce owing trom Moose Jaw Retailers. 19 Sold merchandise for 57,500 cash. The cost of this merchand se was 54.500. 20 Paid Fey Wholesalers the balanen owing from the June 10 purchase: 25 Made a $530 cashrefund to a cash oustomer for merchandive returned. The returned merchandise had a cost of $318. The merchandise was damagtd and ceuld not berevalt. 30 Sold merchandise to Baver 6 Compary for $4,500, terms n/30, FOe shipping point. Pina Coladars cost for thit merchandice was $2.000 Prepare a partial mult ple step inceme staterent, up to gross profic, for the month of June 2024, finter nigethe amountr using Prepare a partial multiple-step inceme statement, up to gross profit, for the month of June 202.4. fEnter negotive amounts using cither a negative sign precenling the numberes. 45 or parentheses esg (45)) At the beginning of June 2024, Pina Colada Distributing Comparr's iedger showed Cash $17,000, Merchandise Inventory $4,900, and D. Pina Colada, Capital \$21,900. During the month of June, the company had the following selected transactions: Aune 1 Purchased $8,800 of merchandive inventory from Sun 5upply Co, terms 1/15, r/30, FO destination 2 The correct compary poid $220 cash for freight charges on the June 1 purchase. 5 Sold merchandise imentory to Moose daw Retailers for $12.000. The cost of the merchandise was $7.700 and the terms were 2/10,n/30,FOB destination 6 Issued a $800 credit for merchandise returned by Moose low Retaliers. The merchandise originally cost $513 and was refumed to imentory 6. The correct company paid $290 freight on the June 5 sale. 7 Purchased $780 of supplies for cash. 10 Purchased $4,750 of merchandive inventory fram Fey Wholesalers, terim 2/10, N 30, Fog sh/ppine point. 10 The correct company paid 5120 freight costs on the purchase from Fey Wholesalers 12 Recelved a 5250 credit from Aty Wholesalers for returned merchandise. 14 Paid Sun Supply Co, the amount due. 15 Collected the balance owing from Moose Law Retailers. 19 Sold merchandise for $7,500cash. The cost of this merchandise was $4,500 20 Paid foy Wholesalers the balance owing from the June 10 purchase. 25 Made a 5530 cash refund to a cash customer for merchandise returned. The returned mercharylise had a cost of $318. The merchandise was damaged and could not be resold. 30 Sold merchandise to Bauer & Company for $4,500, terms /30, FOB shipping point. Pina Colada's cost for this merchandise was 52,600
