Debit Credit 1 More Info - X Jul 4 Tucker's Furnishings purchased $12,000 of merchandise from K and B Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping point. The goods cost K and B Furniture Warehouse $2,600. 7 Tucker's Furnishings paid a $75 freight bill for delivery of the goods purchased on July 4. 10 Tucker's Furnishings returned $1,400 of the merchandise purchased on July 4. The goods cost K and B Furniture Warehouse $800. 18 Tucker's Furnishings paid $1,600 of the July 4 invoice less the discount. 31 Tucker's Furnishings paid the remaining amount owed on the July 4 invoice. Print Done dise purchased on July 4. The goods cost K and B Furniture Warehouse $800, Debit Credit elds and then continue to the next question. Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "ner method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Tucker's Furnishings purchased $12,000 of merchandise from K and B Furniture Warehouse on account. Terms, 1/15, 30, FOB shipping point. The goods cost and Furniture Warehouse $2,600 Journal Entry Accounts Debit Credit Sat 7: Tucker's Furnishings paid a $75 freight bill for delivery of the goods purchased on July 4 Date Journal Entry Accounts Credit 10. Tucker's Fur gs med 51.400 of the merchandise purchased on July 4 The goods cost and Furi ture Warehouse $800. Date Journal Entry Accounts Debit Credit Choose from any list of the any number in the input fields and then continue to the next question Type here to search Requirement 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. (Record debits first, the Jul 4: Tucker's Furnishings purchased $12,000 of merchandise from K and B Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping Journal Entry Accounts Date Debit Credit Jul Jul 7: Tucker's Furnishings paid a $75 freight bill for delivery of the goods purchased on July 4. Journal Entry Accounts Date Debit Credit Jul 10: Tucker's Furnishings returned $1,400 of the merchandise purchased on July 4. The goods cost K and B Furniture Warehouse $800. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search Read the requirements Jul 10: Tucker's Furnishings returned $1,400 of the merchandise purchased on July 4. The goods cost K and B Furniture Warehouse $800. Journal Entry Accounts Date Debit Credit Jul 18: Tucker's Furnishings paid $1,600 of the July 4 invoice less the discount. Journal Entry Accounts Debit Credit Jul 31: Tucker's Furnishings paid the remaining amount owed on the July 4 invoice. Date Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search The following transactions occurred between Tucker's Furnishings and K and B Furniture Warehouse during July of the current year: Click the icon to view the transactions.) Read the requirements Jul 31: Tucker's Furnishings paid the remaining amount owed on the July 4 invoice Journal Entry Accounts Credit Requirement 2. Journalize these transactions on the books of K and B Furniture Warehouse, assuming the net method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul 4: Tucker's Furnishings purchased $12,000 of merchandise from Kand B Furniture Warehouse on account. Terms, 1/15, 1/30. FOB shipping point. The goods cost and Furniture Warehouse $2,600 Begin by journalizing the revenue from the sale of merchandise (Do not yet record the cost related to the sale. We will do this in the next journal entry) Journal Entry Accounts Debit Credit Now journalize the cost of goods sold related to the sale of merchandise on July 4 Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Type here to search Click the icon to view the transactions.) 0 an. B Furniture Warehouse during July of the current year: Read the requirements Now jumalize the cost of goods sold related to the sale of merchandise on July 4. Date Journal Entry Accounts Debit Credit Jul 10: Tucker's Furnishings returned $1.400 of the merchandise purchased on July 4. The goods cost and Furniture Warehouse $800. Start by recording the receivable portion of the merchandise return. (Do not yet record the inventory adjustment related to the return. We will do this in the next journal entry) Date Journal Entry Accounts Jul 10 Debit Credit Now journalize the inventory portion of the merchandise return Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search The following transactions occurred between Tucker's Furnishings and K and B Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Now joumalize the inventory portion of the merchandise return. Date Journal Entry Accounts Debit Credit STOP GIV YOUR N NAYSA Jul 18: Tucker's Furnishings paid $1,600 of the July 4 invoice less the discount. Date Journal Entry Accounts Debit Jul 18|| Credit * MARC Jul 31: Tucker's Furnishings paid the remaining amount owed on the July 4 invoice Date Journal Entry Accounts Jul Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search Date Accounts Debit Credit Jul 18 Jul 31: Tucker's Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Accounts Date Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search oto 9
