Check My Work (2 rema eBook Sales and Purchase-Related Transactions for Seller and Buyer The selected transactions below were completed during June between Snipes Company and Beejoy Company: 1. Ilustrate the effects on the accounts and financial statements of recording the following transactions for Snipes Company. Identify each transaction by date. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. June 8. Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $10,000. They also pai transportation costs of $400 for delivery of merchandise sold to Beejoy Company. Balance Sheet ncome Statement of Cash Flows +Stockholders Equity Equity Statement Liabilities Assets Select Select Select Select Select June 8 June B. Income Statement Statement of Cash Flows Select Select Select Select andise purchased on account on June 8 from Sripes Company. The cost of the merchandise returned was $3,000. June 12. Beejoy Company returned $5,000 of mercha Income Balance Sheet Statement of Stockholders' EquityStatement Liabilities Cash Flows Assets MacBook Air Select June 12. Beejoy Company returned $5,000 of merchandise purchased on account on June 8 from Snipes Company. The cost of the merchandise returned was $3,000 Statement of Balance Sheet Income Cash Flows Llablities EquityStatement Select Select Select Select June 12. 12 Statement of Cash Flows Income Statement Select Select Select Select June 23. Beejoy Company paid Snipes Company for purchase of 3une B, less discount and less return of June 12. Balance Sheet Statement of Statement Cash Flows Stockholders Equity Liabilities Assets Select Select Select Select June 23. June 23 Income Statement Statement of Cash Flows Select Select une 24. Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms roB shipping point, n/eom. The cost of the merchandise sold was s9 Income Balance Sheet Statement of Statement Cash Flows Stockholders' Equity Liabilities Assets 23 Select Select Dune 24. Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, n/eom. The cost of the merchandise sold was $9,000. Statement of Balance Sheet Cash Flows Statement Assets Liabilitles Stockholders' Equity Select Select Select Select June 24. 24. Statement of Cash Flows Income Statement Select Select Select Select une 30. Beejoy Company paid Snipes Company on account for purchase of June 24. Income Balance Sheet Statement of Statement Stockholders' Equity Cash Flows Assets Select Select Select Select June 30. Income Statement Statement of Cash Flows Select Select on the accounts and financial statements of Beejoy Company, Identity each transaction by date. 2. Ilustrate the effects of each of the preceding transactions ny sold merchandise on account to Beejoy Company, $18,25o, terms FOB destination, 2/15, nveom. The cost of the merchandise sold was $10,000. 23 2. IlIlustrate the effects of each of the preceding transactions on the accounts and financial statements of Beejoy Company. Identify each transaction by date. June 8. Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FO8 destination, 2/15, n/eom. The cost of the merchandise sold was $10,000. June 8. Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on June 8. Balance Sheet Income Statement of Statement Cash Flows Stockholders' Equity Liabilitles Assets Select Select Select Select June 8 Income Statement Statement of Cash Flows Select Select June 12. Beejoy Company returned $5,000 of merchandise purchased on account on june s from Snipes Company, The cost of the merchandise returned was $3,000. Income Balance Sheet Statement of Statement Stockholders' Equity Cash Flows Liabilities Assets Select Select Select Select June 12. Income Statement Statement of Cash Flows Select Select Company paid Snipes Company for purchase of June 8, less discount and less return of June 12. Dune 23. Beejoy Income Balance Sheet Statement of Statement Stockholders Equity Cash Flows Liabilities Assets 23 June 23. Beejoy Company paid Snipes Company for purchase of June 8, less discount and less return of June 12. Balance Sheet Income Statement of Statement Cash Flows Stockholders' Equity Liabilities Assets Select = Select SelectSelect June 23 Income Statement Statement of Cash Flows Select Select Dune 24. Snipes Company sold merchandise on account to Beejoy Company, s15,000, terms FOB shipping point, n/eom. The cost of the merchandise sold whs $9,000 Balance Sheet Statement of Statemen Cash Flows Stockholders' Equity Liabilities Select Select Select Select June 24. Income Statement Statement of Cash Flows Select Select June 26. Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company Balance Sheet Statement of Statement -LabitiesStockholders' Equity Cash Flows Select Select +Select Select June 26. Income Statement Statement of Cash Flows 23 acBook Air Select Select June 26. Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company. Statement of Balance Sheet Income Cash Flows Statement Liabilitles Assets Stockholders' Equity Select Select Select Select June 26. Income Statement Statement of Cash Flows Select Select June 30. Beejoy Company paid Snipes Company on account for purchase of June 24 Income Balance Sheet Statement of Statement Cash Flows Stockholders Equity Liabilities Assets Select Select Select Select June 30. Income Statement Statement of Cash Flows Select Select Icon Key Problem 4-5 Save Exit 608 23