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Bookmark Window People Chrome Fi erson Blackboard Google http prev Quest #4 (of 5) 14 Recording Journal Entries for Net Sales with Credit Sales, Sales
Bookmark Window People Chrome Fi erson Blackboard Google http prev Quest #4 (of 5) 14 Recording Journal Entries for Net Sales with Credit Sales, Sales Discounts, and Sales Returns ILO 6-6] e following transactions were selected from among those completed by Bear's Retail Store in Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in h. Th Cas goods cost Bear's $300. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bears $2,500. 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, 30. The goods cost Bear's $4,000. 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition, and credit was given to the customer Dec. 6 Nancy's Gym paid the account balance in full 30 Vasko Athletics paid in full for the invoice of November 25, 2013 Required: Prepare journal entries to record the transactions, assuming Bear's Retail Store uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list view general journal Journal Entry worksheet 1 2 3 4 5 6 7 8 9 10 Record the cash sales of $400 to Cheryl Jahn Date General Journal Debit Credit Nov. 20 *Enter debits before credits Save & exit submit assignment
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