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Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system
Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Sold merchandise for $4,600, with credit terms n/30. Note: Enter debits before credits. Date Apr 01 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 The cost of the merchandise is $2,760. Note: Enter debits before credits. Date Apr 01 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 The customer in the April 1 sale returned $540 of merchandise for full credit. Note: Enter debits before credits. Date Apr 04 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 567 The merchandise, which had cost $324, is returned to inventory. Note: Enter debits before credits. Date Apr 04 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 5 67 Sold merchandise for $1,800, with credit terms of 1/10, n/30. Note: Enter debits before credits. Date Apr 08 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 Cost of the merchandise is $1,260. 5 6 7 Note: Enter debits before credits. Date Apr 08 General Journal Debit Credit Record entry Clear entry View general journal Check my work Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760. Apr. 4 The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory. Apr. 8 Sold merchandise for $1,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,260. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits. Date Apr 11 General Journal Debit Credit Record entry Clear entry View general journal
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