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i just want number 3 I am done with the journal 2 Make Journal entries for the following transactions for the Hat Store a 3/1
i just want number 3 I am done with the journal 2 Make Journal entries for the following transactions for the Hat Store a 3/1 b 3/2 3/5 d 3/6 e 3/8 Hat Store buys hats on account for $4,400 from a distributor with terms FOB shipping point and payment 2/10 net 30 Paid freight on the purchase from 3/1 cash $100 Sold 20 hats to a baseball team for $600 on account 3/10 net 30. The cost of the hats was $200 Hat store returned 3 damaged hats, related to 3/1 purchase and received a $200 credit Paid the distributor for the purchase in #1 in full and took the discount. Remember to subtract the discount.. Hat store bought more hats for $6,500, cash. No freight cost Received payment from the customer for merchandise sold on 3/5. Customer took the discount Hat store sold 50 hats for 1200 cash. Terms are FOB destination. The cost of the 50 hats was $500 The Hat store paid freight on the 3/9 sale $100 cash Customer from 3/9 sale returned 5 hats and we gave them cash back of $120. The cost on those hats was $50 1 9 h 1 1 3/8 3/9 3/9 3/10 3/11 14 3 For the above transactions create an Income statement for March just down to the Gross Profit 95 36 97 98 Revenue less Discounts less Returns & Allowances Net Revenue 100 101 102 Cost of Goods Sold 103 104 105 Gross Profit
i just want number 3 I am done with the journal
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