Could you please provide a detailed solution? There are 32 columns, but I cannot complete them. some of the descriptions do not match in the table.
CHART OF ACCOUNTS |
Harrison Company |
General Ledger |
| ASSETS | 110 | Cash | 121 | Accounts Receivable-Quinn Co. | 122 | Accounts Receivable-Rabel Co. | 125 | Notes Receivable | 130 | Merchandise Inventory | 131 | Estimated Returns Inventory | 140 | Office Supplies | 141 | Store Supplies | 142 | Prepaid Insurance | 180 | Land | 192 | Store Equipment | 193 | Accumulated Depreciation-Store Equipment | 194 | Office Equipment | 195 | Accumulated Depreciation-Office Equipment | | LIABILITIES | 211 | Accounts Payable-Moonlight Co. | 212 | Accounts Payable-Papoose Creek Co. | 216 | Salaries Payable | 218 | Sales Tax Payable | 219 | Customer Refunds Payable | 221 | Notes Payable | | EQUITY | 310 | Owner, Capital | 311 | Owner, Drawing | | | REVENUE | 410 | Sales | 610 | Interest Revenue | | EXPENSES | 510 | Cost of Merchandise Sold | 521 | Delivery Expense | 522 | Advertising Expense | 524 | Depreciation Expense-Store Equipment | 525 | Depreciation Expense-Office Equipment | 526 | Salaries Expense | 531 | Rent Expense | 533 | Insurance Expense | 534 | Store Supplies Expense | 535 | Office Supplies Expense | 536 | Credit Card Expense | 539 | Miscellaneous Expense | 710 | Interest Expense | |
The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov. 3 Purchased merchandise on account from Moonlight Co., list price $94,000, trade discount 25%, terms FOB destination, 2/10,n/30. 4 Sold merchandise for cash, $35,040. The cost of the merchandise sold was $20,610. 5 Purchased merchandise on account from Papoose Creek Co., $50,800, terms FOB shipping point, 2/10,n/30, with prepaid freight of $850 added to the invoice. 6 Returned $12,000 ( $16,000 list price less trade discount of 25% ) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $14,030 with terms n/15. The cost of the merchandise sold was $9,130. 13 Paid Moonlight Co. on account for purchase of November 3 , less return of November 6. 14 Sold merchandise on VISA, $243,720. The cost of the merchandise sold was $148,260. 15 Paid Papoose Creek Co. on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $52,500, terms 1/10,n/30. The cost of the merchandise sold was $36,660. 28 Paid VISA service fee of $3,750. 30 Paid Quinn Co. a cash refund of $1,710 for damaged merchandise from sale of November 8 . Quinn Co. kept the merchandise