en Antique Furnishings and M and L Furniture Warehouse during July of the current year: ons on the books of Antique Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any jour 00 of 1 More Info -X iture Waren lourne unts Jul 4 Antique Furnishings purchased $6.900 of merchandise from M and L Furniture Warehouse on account Terms, 1/15, n/30, FOB shipping point. The goods cost M and L Furniture Warehouse $3.000. 7 Antique Furnishings paid a $250 freight bill for delivery of the goods purchased on July 4. 10 Antique Furnishings returned $1,100 of the merchandise purchased on July 4. The goods cost M and L Furniture Warehouse $700. 18 Antique Furnishings paid $1,500 of the July 4 invoice less the discount 31 Antique Furnishings paid the remaining amount owed on the July 4 invoice eight be Print Done Journ Debit Credit Junts ber in the input fields and then continue to the next question This Question: 10 pts Time Remaining: 1 of 6 (1 complete) This The following transactions occurred between Antique Furnishings and Mand L Furniture Warehouse during July of the current year: Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize these transactions on the books of Antique Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explanations fro entries.) Jul 4: Antique Furnishings purchased $6,900 of merchandise from M and L. Furniture Warehouse on account. Terms, 1/15, 30, FOB shipping point. The goods cost M and Fur $3,000. Journal Entry Date Accounts Debit Credit Accounts payable Jul 7: Antique Furnishings paid a $250 freight bill for delivery of the goods purchased on July 4. Journal Entry Credit Debit Accounts Date Choose from any list or enter any number in the input fields and then continue to the next question TS Question: 10 pts 1 of 6 (1 complete) and ng The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of the currer i (Click the icon to view the transactions.) ments Read the requirements Journal Entry Date Accounts Debit Credit Drive Inventory Cash Jul 10: Antique Furnishings returned $1,100 of the merchandise purchased on July 4. The goods cost M and L Furniture Ware Date Debit Credit Journal Entry Accounts 10 Accounts payable Inventory Jul Choose from any list or enter any number in the input fields and then continue to the next question. ere to search This Question: 10 pts 1 of 6 (1 complete) The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of tt (Click the icon to view the transactions.) ents Read the requirements Jul 18: Antique Furnishings paid $1,500 of the July 4 invoice less the discount. Journal Entry rive Date Debit Credit Accounts 18 Accounts payable Jul Cash Jul 31: Antique Furnishings paid the remaining amount owed on the July 4 invoice. Date Debit Credit Journal Entry Accounts 31 Estimated inventory returns Accounts payable Jul Choose from any list or enter any number in the input fields and then continue to the next question. 1 of 6 (1 complete) The following transactions occurred between Antique Furnishings and Mand L Furniture Warehouse during July of the current year: Click the icon to view the transactions.) Read the requirements Requirement 2. Journalize these transactions on the books of Mand L Furniture Warehouse, assuming the net method is used. Record debts first, the credits Exclude journal entries.) Jul 4: Antique Furnishings purchased 56,900 of merchandise from Mand L Furniture Warehouse on account. Terms 1/15/30. FOB shipping point. The goodscout and $3.000 Begin by journaling 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) Date 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 od 9 The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements. Now journalize the cost of goods sold related to the sale of merchandise on July 4. Date Journal Entry Accounts Debit Credit Jul Jul 10: Antique Furnishings returned $1,100 of the merchandise purchased on July 4. The goods cost M and L Furniture Warehouse $700. Start by recording the receivable portion of the merchandise retum. (Do not yet record the inventory adjustment related to the return. We will do this in Journal Entry Date Accounts Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next question. The following transactions occurred between Antique Furnishings and M and L. Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Jul 10: Antique Furnishings returned $1,100 of the merchandise purchased on July 4. The goods cost M and L Furniture Warehouse $700. 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 Date Journal Entry Accounts Debit Credit 10 Now journalize the inventory portion of the merchandise return Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements. Now journalize the inventory portion of the merchandise return Journal Entry Accounts Date Debit Credit Jul 18: Antique Furnishings paid $1,500 of the July 4 invoice less the discount Journal Entry Date Accounts Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next question ORI 0 9 The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of the current yes (Click the icon to view the transactions.) Read the requirements. Jul 18: Antique Furnishings paid $1,500 of the July 4 invoice less the discount. Journal Entry Date Accounts Debit Credit Il Jul 18 11 Jul 31: Antique Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Date Accounts Ac Debit Credit Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question. The following transactions occurred between Antique Furnishings and M and L Furniture Warehouse during July of the currer i (Click the icon to view the transactions.) Read the requirements Date Journal Entry Accounts Debit Credit Jul 31: Antique Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Accounts Date Debit Credit Jul 31 Choose from any list or enter any number in the input fields and then continue to the next
