HW 5 # 1

Campbell Industries sells to wholesalers. Customers must pay within 15 days or at the point of sale using a credit card. Campbell's cost of goods sold is 30% of sales. The company had the following selected transactions during March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Campbell's transactions, including the cost of goods sold entry for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) March 3: Sold $12,000 of merchandise to Watford Company on account. Do not record the cost of goods sold entry yet. We will do that in the next step. ys or at the point of sale using a credit card. Campbeli's transactions during March: ds sold entry for each sale. (Use the gross method to lanations from any journal entries.) o not record the cost of goods sold entry yet. We will do More info ale using a credit card. March: sale. (Use the gross urnal entries.) of goods sold entry ye (i) (Click the icon to view the transactions.) Read the requicements. Requirements 1. Record Campbell's transactions, including the cost of goods sold entry for sale. (Use the urnal entries.) of goods sold e each sale. 2. Calculate the gross sales revenue for the month. Campbell Industries sells to wholesalers. Customers must pay within 15 days or at the point of sale using a credit card. Campbell's cost of goods sold is 30% of sales. The company had the following selected transactions during March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Campbell's transactions, including the cost of goods sold entry for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) March 3: Sold $12,000 of merchandise to Watford Company on account. Do not record the cost of goods sold entry yet. We will do that in the next step. ys or at the point of sale using a credit card. Campbeli's transactions during March: ds sold entry for each sale. (Use the gross method to lanations from any journal entries.) o not record the cost of goods sold entry yet. We will do More info ale using a credit card. March: sale. (Use the gross urnal entries.) of goods sold entry ye (i) (Click the icon to view the transactions.) Read the requicements. Requirements 1. Record Campbell's transactions, including the cost of goods sold entry for sale. (Use the urnal entries.) of goods sold e each sale. 2. Calculate the gross sales revenue for the month