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consider the following perpetual system merchandising transactions of Belton company. Use a separate account for each receivable and payable; for example, record the sale on

consider the following perpetual system merchandising transactions of Belton company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts Receivable Avery and wiest
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prepare the general journal entries to record of the above transactions.
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based on the information provided above, calculate the following
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June 1 Sold merchandise to Avery & Wiest for $9,100; terms 2/5, n/15, FOB destination (cost of sales $6,250). 2 Purchased $4,500 of merchandise from Angolac Suppliers; terms 1/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $10,600; terms 1/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $10,200; terms 2/5, n/15, FOB destination (cost of sales $7,308). 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the Dune 4 purchase Journal entry worksheet K 1 2 3 4 5 6 7 8 9 Record the sales; terms 2/5, n/15, FOB destination. Note: Enter debits before credits. Date General Journal Debit Credit June 01 Record entry Clear entry View gener Journal entry worksheet Record the cost of sales. Note: Enter debits before credits. Date General Journal Debit Credit June 01 Record entry Clear entry View general journal Record the purchase of merchandise; terms 1/10, n/20, FOB shipping point. Note: Enter debits before credits. Date General Journal Debit Credit June 02 Record entry Clear entry View general joum Journal entry worksheet A

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