Diversity Activity Monarch-Key We... Privacy error Mail - sdunnigan. Liberty Office 365 Blackboard Main... Liber s Saved Help Save & Exit s Check my w repare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system anu e gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts ayable--Boden. aly 1 Purchased merchandise from Boden Company for $6,500 under credit terms of 2/15, n/30, POB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $1,000 under credit terms of 2/10, 1/60, POB shipping point, invoice dated July 2. The merchandise had cost $542. 3 Paid $135 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $1,800 for $2,200 cash. 9 Purchased merchandise from Leight Co. for $3,000 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. 11 Returned $1,000 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $1,000 to Art Co. for $1,500 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 21 Gave a price reduction (allowance) of $250 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. 24 Paid Leight Co. the balance due, net of discount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount. 31 Sold merchandise that cost $5,300 to Creek Co. for $7,300 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. Proy 1 of 6 !!! Next > A o wexo Journal entry worksheet 2 3 5 6 8 ... 17 Purchased merchandise from Boden Company for $6,500 under credit terms of 2/15, 1/30, FOB shipping point, Invoice dated July 1. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general Joumal Prey 1 of 6 Next > OO A Journal entry worksheet Journal entry worksheet 1 2 5 7 17 Record the cost of merchandise sold, $542 Note: Enter debits before credits. Date General Journal Debit Credit July 02 Record entry Clear entry View general journal Prev 6 H Journal entry worksheet 1 2 3 5 17 INNLE Paid $135 cash for freight charges on the purchase of July 1. Note: Enter debits before credits. Date General Journal Debit Credit July 03 Record entry Clear entry View general journal 6
