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help with the transactions please Sep. 10: Made payment to Shallin Wholesalers for goods purchased on September 3, less return and discount. Accounts Debit Credit
help with the transactions please
Sep. 10: Made payment to Shallin Wholesalers for goods purchased on September 3, less return and discount. Accounts Debit Credit Sep. 10 Date More info Sep. 3 Sep. 4 Sep. 4 Sep. 6 Sep. 8 Sep. 9 Sep. 10 Purchased merchandise inventory on account from Shallin Wholesalers, $5,000. Terms 3/15, n/EOM, FOB shipping point. Paid freight bill of $70 on September 3 purchase. Purchase merchandise inventory for cash of $2,400. Returned $1,200 of inventory from September 3 purchase. Sold merchandise inventory to Hilton Company, $6,200, on account. Terms 3/15, n/35. Cost of goods, $2,852. Purchased merchandise inventory on account from Taylor Wholesalers, $7,000. Terms 2/10, n/30, FOB destination. Made payment to Shallin Wholesalers for goods purchased on September 3, less return and discount. Received payment from Hilton Company, less discount. After negotiations, received a $250 allowance from Taylor Wholesalers. Sold merchandise inventory to Julian Company, $3,300, on account. Terms n/EOM. Cost of goods, $1,485. Made payment, less allowance, to Taylor Wholesalers for goods purchased on September 9. Sold merchandise inventory to Shelton for $1,500 on account that cost $660. Terms of 3/10, n/30 was offered, FOB shipping point. As a courtesy to Shelton, $75 of freight was added to the invoice for which cash was paid by Water Works. Received payment from Shelton, less discount. Received payment from Julian Company. Sep. 12 Sep. 13 Sep. 15 Sep. 22 Sep. 25 Sep. 29 Sep. 30 Step by Step Solution
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