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Can someone please do 1 - 12 on the general journal for me, thank you The following information applies to the questions displayed below At
Can someone please do 1 - 12 on the general journal for me, thank you
The following information applies to the questions displayed below At the beginning of July, CD City has a balance in inventory of $2,950. The following transactions occur during the month of July July 3 Purchase cos on account from Wholesale Music for $1,85e, terms 2/10, n/3e. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $110. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $28. July 11 Pay Wholesale Music in full. July 12 sell cos to customers on account, 54,9ee, that had a cost of $2,550. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase cos on account from Music Supply for $2,65e, terms 2/10, n/30. July 22 Sell cos to customers for cash, $3,758, that had a cost of $2,050. July 28 Return CDs to Music Supply and receive credit of $210. July 38 Pay Music Supply in full. Problem 6-3A Part 1 Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 5 6 7 12 Record purchase of CDs on account from Wholesale Music for $1,850, terms 2/10, n/30 Note: Eriter debits before credits Date General Journal Debit Credit July 03Step by Step Solution
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