Calming Shoes not on the flow forming Cream Shop Fight distanco Estrates Assum out the new Det 2.500 of merchandisenyo ndertum 10 WEOM do the Schwest Alebina Crede Moveis 7 of the one Dale Ac tie Cres b) 500 110EMS Fabia Feb. wych F10 5300 wat WWW Theod.000 Account Dan Cr Done More Info - X Feb. 3 Purchased $2,500 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point from Sascha's Nest. Feb. 7 Returned $500 of defective merchandise purchased on February 3 Feb. 9 Paid freight bill of $450 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $5,000 to Talum Forest Payment terms were 2/15, n/30. These goods cost the company $2,500. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount Feb. 28 Received cash from Talum Forest in full settlement of their debt. Print Done Feb 3 Purchased $2,500 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping Date Accounts Debit Credit Feb. 3 3. Debit Credit Accounts Payable-Sascha's Nest Accounts Payable-Talum Forest Accounts Receivable-Sascha's Nest Feb. 7 Returner Accounts Receivable--Talum Forest Cash Date Cost of Goods Sold Feb. 7 Delivery Expense Freight in Merchandise Inventory Purchase Discounts Purchase Returns and Allowances Feb. 9. Paid frei Purchases Sales Discounts Forfeited Date Sales Revenue Feb. 9 Debit Credit Calming Creations Gift Shop uses a perpetual inventory system Journalize the following transactions for Ca company records sales at the net amount. Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb 3. Purchased $2,500 of merchandise inventory on account under terms 1/10,n/EOM and FOB shipping Date Accounts Debit Credit Feb. 3 3. Debit Credit Feb. 7: Returned Accounts Payable--Sascha's Nest Date Accounts PayableTalum Forest Feb. 7 Accounts Receivable-Sascha's Nest Accounts Receivable-Talum Forest Cash Cost of Goods Sold Delivery Expense Freight in Feb. 9. Paid frei Merchandise Inventory Date Purchase Discounts Purchase Returns and Allowances Feb. 9 Purchases Sales Discounts Forfeited Choose from an Sales Revenue Debit Credit en continue to the next question. Calming Creations Gift Shop uses a perpetual inventory system Journalize the following transactions for Calming Creations Gift Shop Expla company records sales at the net amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb. 3. Purchased $2,500 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point from Sascha's Nest Date Accounts Debit Credit Feb. 3 Feb. 7 Returned $500 of defective merchandise purchased on February 3 Date Accounts Debit Credit Feb. 7 Feb. 9 Paid freight bill of $450 on February 3 purchase Date Accounts Debit Credit Feb 9 Calming Creations Gift Shop uses a perpetua inventory system Journalize the foilowing transactions for Calming Creations Gift Shop Explanations are not required company records sales at the net amount Round all numbers to the nearest whole dollar) Click the icon to view the transactions) Fob 9 Paid freight bill of $450 on February 3 purchase Date Accounts Debit Credit Feb 9 Fab 10 Sold merchandise inventory on account for $5,000 to Talum Forest Payment terms were 2/15, 1/30 These goods cost the company $2,500. Bogin by preparing the entry to journalize the salo portion of the transaction Do not focord the expense related to the sale. We will do that in the following step Accounts Debit Date Credit Feb 10 Now journalize the expense related to the February 10 sa-Cost of goods, $2,500 Date Accounts Debit Credit Calming Creations Gift Shop uses a perpetual inventory system Journalize the following transactions for Calming Creations Gift Shop company records sales at the net amount Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Now journalize the expense related to the February 10 sale--Cost of goods $2,500 Date Accounts Debit Credit Feb. 10 Feb 12 Paid amount owed on credit purchase of February 3, less the return and the discount Date Accounts Debit Credit Feb. 12 Feb 28 Received cash from Talum Forest in full settlement of their debt Date Accounts Debit Credit Feb 28 Calming Creations Gift Shop uses a perpetual inventory system Journalize the following transactions for Calming Creation company records sales at the net amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb. 10 Feb. 12. Paid amount owed on credit purchase of February 3, less the return and the discount Date Accounts Debit Credit Feb 12 Feb 28 Received cash from Talum Forest in full settlement of their debt Date Accounts Debit Credit Feb 28
