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Can someone prepare these as general journal entries? I will cashapp or venmo for solid work. Problem #1: Record the following transactions in a general
Can someone prepare these as general journal entries? I will cashapp or venmo for solid work.
Problem #1: Record the following transactions in a general journal entry format distinctly showing the debit and credit accounts as recorded in manual accounting. Credit accounts must be indented. Omit explanations. Skip a line after each transaction. Assume that the company uses the perpetual inventory method. July I - A Drugstore purchased medical supplies intended for sale for Sl ,000.00 from Vendor X. The terms of sale are 2/10, n/30, FOB destination. The freight charges are $50.00. July 3 - A Drugstore purchased medical equipment for sale for $3,000.00 from Vendor Y. The terms of sale are 1/10, n/30, FOB shipping point. The freight charges are $150.00. July 4 - A Drugstore returned $200.00 worth of merchandise purchased from Vendor Y. July 5 - A Dmgstore purchased medical supplies for use for $2,000.00 from Vendor Z. The terms of sale are 2/15, n/30, FOB destination. The freight charges are $100.00. July 7 - A Dmgstore sold merchandise to Customer A for $8,000.00. The terms of sale are 2/10, n/30. The cost of the inventory is $3,200.00. July 9 - A Drugstore paid the amount owed to Vendor X for the purchase of July I July 12 - A Drugstore sold merchandise to Customer B for $6,000.00. The terms of sale are 1/10, n/30. The cost of the inventory is S2,400.00. July 13 - A Drugstore paid the amount owed to Vendor Y on the purchase of July 3. July 15 - A Drugstore collected cash from Customer A for the sale of July 7. July 17 - Customer B returned $300.00 worth of defective merchandise to A Drugstore. The cost is $120.00. July 21 - A Drugstore paid the amount owed to Vendor Z. July 22 - A Drugstore received cash from Customer B for the sale of July 12. July 30 - A Drugstore purchased medical supplies for use for $1,000.00 and paid with cash. The terms of sale are FOB destination. The freight charges are $50.00.
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