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I need help with writing 15 transactions also containing adjusting entries for a month for a car dealership. Also the journal entries for the same.
I need help with writing 15 transactions also containing adjusting entries for a month for a car dealership. Also the journal entries for the same. Thank you in advance
They need to be something like this but also including prepaid rent, leases, shipping terms.
4 6 9 Purchased inventory for cash, $14,000. Purchased store supplies on credit from C. Paper, terms of n/30, $600. Purchased inventory of $5,500 plus shipping charges of $200 from R. Sleepy; credit terms are 2/15, 1/60. FOB shipping point. Sold goods for cash, $2,800; Sweet Dreams' cost of these goods was $1,820. After negotiations with R. U. Sleepy. Sweet Dreams received a $1,500 allowance on the inventory purchased on September 9 because the mattress tops were stained. Purchased $4,560 of inventory on credit from T. Sandman, terms of 2/10, n/45, FOB destination. Sold $8,400 of inventory on credit to S. L. Beauty under terms of 3/10. n/30, FOB shipping point. The goods had a cost of $5,460. Paid advertising expense of $250. continued..... 4 5Step by Step Solution
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