Question
During the month of January 20XX, the Company AUEC, Inc. carried out the following transactions: January 4 Bought books on credit for $ 2,500, with
During the month of January 20XX, the Company AUEC, Inc. carried out the following transactions:
January 4 Bought books on credit for $ 2,500, with terms 3/15, n / 60; FOB Shipping Point.
Jan. 13 Paid the cost of $ 200 for the transportation of the purchase made on January 4.
Jan. 15 Returned $ 400 for defective merchandise purchased on January 4.
Jan. 18 Paid for the January 4 purchase.
Jan. 20 Sold merchandise that had cost $ 3,000 on credit for $ 5,000
Jan. 21 You granted a credit to the customer adjusting his account by $ 100 for merchandise shipped of poor quality. The merchandise had cost him $ 60.
Required:
Record on the following journal sheet the entries for the Company AUEC, Inc. under the periodic inventory system for the month of January 20XX.
Fecha Explicacin Dbito Crdito Sistema de Inventario PeridicoStep by Step Solution
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