Check my wor 3 Problem 5-1A Preparing journal entries for merchandising activities-perpetual system LO P1, P2 38 co Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method, Hult will help to identity each receivable and payable, for example, record the purchase on July 1 in Accounts Payable Boden > Prince Fences by Purchaud merchandise from Boden company for $6.90 under credit terms of 9/15, 30, on shipping point, Invoice dated Sold merchandise to creek co for $950 under credit terms of 2/10, wo, Fontpinpoint, invoice dated by 2. The merchandise had cost $575 Pald $115 cash for freight chartes on the purchase of my # Sold merchandise that had cost $2,200 for $2.000 cash Perchased archandise Frontelight Col for 20 under credit terms of 2/15, we, ron destination, trvoice dated July 11 leturned 1.100 of merchandise purchased on July ofron Leicht cond debited Its account payable for that anunt 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount 16 Paid the balance due to Boden company within the discount period 15 Sold merchandise that cost $1,200 to Art Co. for $1,80 de credit terms of 2/15, /, shipping point, Invoice dated July 19 21 price reduction (alice) of 300 to Art Co. for merchandise sold on July 19, and credited Art's accounts receivable for that mount 24 Pali esht or the balance duent of discount 10 Received the balance due from Art Co. for the involce Gated uly 19, net of discount. 1. Sold merchand that cont 5.700 to Creek Col for under credit term of 2/10, 900, shipping point, Envoice dated July 31 3 Journal entry worksheet Prince Fences by Purchaud merchandise from Boden company for $6.90 under credit terms of 9/15, 30, on shipping point, Invoice dated Sold merchandise to creek co for $950 under credit terms of 2/10, wo, Fontpinpoint, invoice dated by 2. The merchandise had cost $575 Pald $115 cash for freight chartes on the purchase of my # Sold merchandise that had cost $2,200 for $2.000 cash Perchased archandise Frontelight Col for 20 under credit terms of 2/15, we, ron destination, trvoice dated July 11 leturned 1.100 of merchandise purchased on July ofron Leicht cond debited Its account payable for that anunt 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount 16 Paid the balance due to Boden company within the discount period 15 Sold merchandise that cost $1,200 to Art Co. for $1,80 de credit terms of 2/15, /, shipping point, Invoice dated July 19 21 price reduction (alice) of 300 to Art Co. for merchandise sold on July 19, and credited Art's accounts receivable for that mount 24 Pali esht or the balance duent of discount 10 Received the balance due from Art Co. for the involce Gated uly 19, net of discount. 1. Sold merchand that cont 5.700 to Creek Col for under credit term of 2/10, 900, shipping point, Envoice dated July 31 3 Journal entry worksheet
