eBook Show Me How Purchase Related Transactions The Stationery Company purchased merchandise an account from a supplier for $17,500, ms 1/10, 1/30 The Stationery Company returned merchandise with an Invoice amount of $2,300 and received all credit .. The Stationery Company Days the invoice within the discount period, what is the amount of cash required for the payment? Under acou inventory system, what account is credited by The Stationery Company to record the return? Accounts Payable Cost of Merchandise Sold Inventory Sales eBook Show Me How Purchase-Related Transactions Stvlon Coa women's clothing store, purchased $26,000 of merchandise from a supplier on account terms FOB destination, 1/10, 1/30, using the net method under a perpetual Inventory system. Stylon retumed merchandise with an invoice amount of $3,900, receiving a credit memo a. Journaltze Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry leave it blank c. Journalize Stylon's entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank, d. Journalize Stylon's entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank eBook 2 Customer return and refund On December 28, 2023, Silverman Enterprises sold $18,000 of merchandise to Beasley Co. with terms 2/10./30. The cost of the goods sold was $10,000. On December 31, 2023, Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January 3, 2014, Silverman Enterprises issued Beasley Co a credit memo for returned merchandise. The invoice amount of the returned merchandise was $4,200 and the merchandise originally cost Silverman Enterprises $2,300 a. Journalize the entries by Silverman Enterprises to record the December 28, 2093 sale, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank 2013 Dec. 28 2003 Dec 28 b. Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co on January 3, 2014. If an amount box does not require an entry leave it 2018 Jan) 2014 Jan. 3 C. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7, 2074, 1 an amount box does not require an entry, leave it blank 201407 88 My Wor Previous Next > All work saved Save and Exit Submit Assignment for Grading eBook Adjusting entry for customer refunds, allowances, and returns State Company had sales of $1,700,000 and related cost of goods sold of $1,200,000 for its first year of operations ending December 31, 2011. Statt provides customers a refund for any returned or damaged merchandise. At the end of 2041, Statz Company estimates that customers will request refunds for 1.7% of sales and estimates that merchandise costing $13,000 will be returned. Assume that on February 3, 2012, Buck Co. retumed merchandise with an invoice amount of $4,900 for a cash refund. The returned merchandise originally cost State Company $3,100. a. Journalize the adjusting entries on December 31, 2011, to record the expected customer returns. If an amount box does not require an entry, leave it blank. 2013 Dec. 31 2011 Dec. 31 b. Journalize the entries to record the returned merchandise and cash refund to Buck Co. on February 3, 2012. If an amount box does not require an entry leave it blank. 2012 Feb. 2012 Feb. 3 Check My Work Preis Net v2.cengapunow.com Cerg NW2 Online teaching and... Get Homework Help With Chege stu Get Homework Help With Chegg Stud.. Paraphrasing Tool Quillot Al Homework Chapter 5 Book Show Me How Instructions The following were selected from among the transactions computed by Babcock Company during November of a current year. Babock e thonet method under a perpetual inventory system Nov 4 5 3 Puchated merchandise on account from Moonlight Co, int price $4,000, vaca decout 25% torms FOB destination 2/10,30 Sold merchandise for cash. $35.040. The cost of the goods sold was $20,610 Purchased merchandise on account hom Papoove Crook Co., 850,800, terms FOB shipping.pont 2/10,n30, with prepaid freight of $850 added to the voice Asumed $12.000 (516,000 lt priceless trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. Sold marchandise on account to Our Co., 614,000 with forms w16. The cost of the goods sold was 59,130 Paid Moonight Co. on account for purchase of November 3, lese rotum of November 6. Sold marchandise on VISA, 8243,720. The cost of the goods sold was $146.200 Paid Papoose Creek Co on account for purchase of November Received cash on account from sale of November to Quinn Co Sold marchandise on account to Rabel Co. 652.500, tome 1/10, 930. The cost of the goods sold was 3.660 Paid VISA service fee of $3,750. Pod Quinn Co a cash rotund of $8,610 for retumed merchandise from se od November 8. The cost of the returned merchandise was $3,450 13 14 15 29 24 26 30 Journage the transactions Refer to me Chart of Accounts for exact wording of account Check My Work Previous oBook Show Me How Chart of Accounts CHART OF ACCOUNTS Babcock Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 121 Accounts Receivable-Quinn Co. 122 Accounts Receivable-Rabel Co. 125 Notes Receivable 130 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 EXPENSES 510 Cost of Goods 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 LIABILITIES 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. Check My Work ok Show Me How 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 180 Land 531 Rent Expense 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense 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 Common Stock 311 Retained Earnings 312 Dividends boek Show Me How Journal Journalize the transactions. Refer to the Chart of Accounts for exact wording of coguntes PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DERTITION POST RER IDENT CREDIT ASSETS LIABILITIES EQUITY 2 3 4 is 9 11 14 15 Check My Work Previou