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I need the General Ledger answers please! May 1. 3. 4. 6. 7. 10. 13. 14. 15. 16. 19. 19. Paid rent for May, $5,000.
I need the General Ledger answers please!
May 1. 3. 4. 6. 7. 10. 13. 14. 15. 16. 19. 19. Paid rent for May, $5,000. Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000. Paid freight on purchase of May 3, $600. Sold merchandise on account to Korman Co., terms 2/10, 11/30, FOB shipping point, $68,500. Ihe cost of the merchandise sold was $41,000. Received $22,300 cash from Halstad Co. on account, no discount. Sold merchandise for cash, $54,000. lhe cost of the merchandise sold was $32,000. paid for merchandise purchased on May 3, less discount. Received merchandise returned on sale of May 6, $13,500. The cost of the merchandise returned was $8,000. Paid advertising expense for last half of May, $11,000. Received cash from sale of May 6, less return of May 14 and discount. Purchased merchandise for cash, $18,700. paid $33,450 to Buttons Co. on account, no discount. Record the following transactions on Page 21 of the journal. 20. 21. 21. 21. 24. 26. 28. 29. 30. 30. 31. Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,000. The cost of the merchandise sold was $70,000. For the convenience of Crescent Co., paid freight on sale of May 20, $2,300. Received $42,900 cash from Gee Co. on account, no discount. purchased merchandise on account from Osterman Co., terms 1/10, IWI-30, FOB destination, $88,000. Returned $5,000 of damaged merchandise purchased on May 21, receiving credit from the seller. Refunded cash on sales made for cash, $7,500. The cost of the merchandise returned was $4,800. paid sales salaries of $56,000 and office salaries of $29,000. Purchased store supplies for cash, $2,400. Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000. Received cash from sale of May 20, less discount, plus freight paid on May 21. Paid for purchase of May 21, less return of May 24 and discount.
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