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In a general journal, journalize the following transactions. Follow the standard format. Personal X Merchandising xlax Open with * G G M N P A
In a general journal, journalize the following transactions. Follow the standard format.
Personal X Merchandising xlax Open with * G G M N P A B ACCOUNTING FOR MERCHANDISING BUSINESS Assigned Figure 14-3 below shows a sample of a chart of accounts for create 5 merchandising bouncin Normal Bil inori: OFaIT Figure 14-1. Chart of Accounts ASSETS OWNER'S CAPITAL done Annet Accounts Income WITHDRAWAL INCOME Current Assets 300 Salen LLANUTES Sales Discount 120 Accounts Receivebin Sales Returns and PURCHASES Parchase Docounts 12 140 Other Income Accounts Parchase Repairs and Alcounoh nts fales Ryours and Alswungy 150 Supplies 400 Interest Income arla Sheine Agte 405 Rant Income Periodke lovestory Spilen Prepared Insurance Expenses Property, Punt and Equipment Cost of Goods Sold 501 17 Purchase Return and pold goods ar merchandise 18 Alcancees Store Equipment Son Frnight In Purthingi Liability Accounts 21 1. Ciak purchase Purchases 30 000 10,000 Bark Credi Ord Dyare 30,400 30 DOO WAT Perche 2. Sales in Account 30 Lows Papbin 20 Purchases Accounts Receivable 10,600 Accounts Payable 20.300 30 000 Equity Accounts My Chan, Orrang 30 32 3:3 Intro to Marchedising Discounts and returns Freight and Tax ActivityX Merchandising xax Open with A C D E F G H J L M Micounts Trade Cash 3 Assigned "har balk "he prompt paprem 30 004 1 05 "F/15, 1/21, niD 2/102-discount rate, loans. ofday in discount period or create 20 004-1 003 is done Pillar B Trade Blupast Trade Dissent May-41 Purchased a marchandis amounting 10,800, 5% discount Mary-DL. Sold a marchandisn amounting 20,000, 15% discount ents 11 Putthatt 19 000 17,000 12 Carla Sheine Agte Cash/Accounts Payable 19800 15 May-41 Purchased a matchandin amounting 20,800 2/15, 1/20, /30 Mary-01 Bold a merchandise amounting 20,000:2/15, 1/10, n/50 IT Account Fayable 10,600 Salan May-41 Kenaned delection Merchandise Mary-Of Returned wachsadipe amounting to 5,090 21 Accounts Faryabla L.DOO Sales Return and Allowances 5,000 Purchase Returns and Allowances 1.800 Account Fecalestla 25 My 10 Paid the purchased merchandbe last Mapof Myp 25 Received payment for merchandbe sold lam Mayo1 Accounti Purpable Cash 15,600 16,430 Accounts Recchubla 15,DOO Purchase Discount Intro to Marchadiving Discounts and returns Freight and Tax ActivityX Merchandising xin Open with Fa A D E F H J M 31 returned in the supplier dan to sorin problemis Assigned 33 May-01 Purchased a marchandhe amounting 30,000 May-01 Sold : murchandhe amounting 20,001 Purchases 23.000 Cash 30 000 or create 20 000 20 000 May-03 Fooburned defective Furchased a merchandise amounting 1,090 Mary03 Oriformernibumped sold mirchandse amounting 2.poo s done Cash Sale Return and Wewinces 2.000 2,040 Cath 30 40 Moyo1 Purchased a merchandise amounting 30, 060 on account May-O1 Sold s marchanding amounting 20,014 oncredit 24304 Accounts Ascalesble Carla Sheine Agto Accounts Payable 24.000 20,030 May-05 Paburned defective Purchased anorchards amounting 1,260 Mary 05 Cantormar returned sold merchandise amounting 2 000 Account Parable 2,000 Saka Faturn and Allowances 2.DOO Purchas Return and Across 2.000 Accounts Bocciya blan 2.000 49 ST 58 (2) Intro to Merchadising Discounts and returns Freight and Tax ActivityX Merchandising xbox Open with A C E F R. Freight Your work Assigned May 11 Putthided a merchandos amounting 10,004, IN disccam Map-Ed Sold a matchindian amounting 20.000, 58 discount + Add or create with 200 pespartition fes shaaldened by the buyer with 200 timportation iss shouldand by the asller a May 4 Freight in Mark as done 1950p Private comments 13 Add comment to Carla Sheine Agte Sold goods for 30,000 15 Punches Cath 34 030 15 20 included Purchases Cath 21 input Tam 1,284.47 Outpun Tos 1,214.41 Cash SHES 23 24 25 28 27 20 31 33 Intro to Merchadising Discounts and returns Freight and Tax ActivityX Merchandising zhax Open with C D The following are selected transactions of Cash and Credit General k Assigned Merchandise! Add or create May 3 Purchased goods from Ret and Turn Grocery, P20,000. Mark as done 5 Cash sales from various customers, P38,500. 6 Sold to Dina Cuenta Sari-sari Store, P 8,000, terms 2/10, n/30. comments 7 Purchased merchandise from Master Angle Department Store worth at to Carla Sheine Agto P30,000. Trade discount, 5%; terms, 1/15, n/60. 9 ' Received P450 cash on goods returned to Ret and Turn Grocery. 11 Issued credit memo to Dina Cuenta Sari-sari Store on defective merchandise worth P300. 15 Received payment from Dina Cuenta Sari-sari Store on goods sold May 6. 20 Paid Master Angle the account on the May 7 purchase. 30 Intro to Merchandising Discounts and returnes | Freight and Tax ActivityStep by Step Solution
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