Instruction The following selected transactions were completed by Capers Company during October at the curent your Oct 1 Puchated merchandise on UK import Co. 515.327. tens FOB destination. 30 3 Purchased method to go. 610,660, torms FOB shoping point, no, woon Prepaid freight 5240 was added to the invoice 4 Purchased merchandise from Tace Co. 513.700 rms FO destination, 2/10,30 . debit memoto Tace Co. for 6.850 of merchandise returned from purchase on October 4 13 Pold Mougie Cotor invoice of October 3: Paid Taco Co for moice of October 4 buss debit mame of October 19 Purchased merchandise from Veggle Co. 529.340. Tema FO shipping point, nem Paid right 5410 on October to purchase from Veggie Co Purchased merchandise tom Caesar Salad Co. $22.200, torms FOB destration 10 Paid Cesar Salad Co. for invoice of October 20 Pad UK imports Co for invoice of October 1 31 Paid Veggie Cotor Invoice of October 12 14 19 30 31 Joumare the entries to record the transactions are company for October. Afer to the charts for the exact warding of the cente CNOW journals do not use Ines for ouma explanations. Every in on a journal page is oned for debitor credit entries. CNOW journals will automatically indents credenty when a ondt amount is entired. - 1 3 4 The following selected transactions were completed by Capers Company during October of the current year. bat Purchased merchandise from UK Imports Co., $13,322, torms FOB destination, 30. Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, veom. Prepaid freight of 8240 was added to the invoice. Purchased merchandise from Taco Co. $13,700, termn FOB destination, 2/10, 1/30. Issued debit momo to Taco Co. for $4,850 of merchandise returned trom purchase on October 4. Paid Hoagie Co. for invoice of October 3. Paid Taco Co. for invoice of October 4 less debit memo of October 6. 19 Purchased merchandise from Veggie Co., $29,840, termo FOB shipping point, neom Paid freight of $410 on October 19 purchase from Veggie Co. 20 Purchased merchandise from Caesar alad Co., $22,200, terms FOB destination, 1/10, 1/30 Paid Caesar Salad Co. for invoice of October 20. b is 14 19 30 31 Paid UK Imports Co. for invoice of October 1. 31 Paid Veggie Co. for invoice of October 19. Chart of Accounts General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 125 Notes Recolvable 130 Merchandise Inventory 131 Estimated Retums Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Caesar Salad Co. 212 Accounts Payable-Hoagie Co. 213 Accounts Payable-Taco Co. 214 Accounts Payable-UK Imports Co. 215 Accounts Payable-Veggle Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customers Refunds Payable 221 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary wat eerste recoveractions et Capers Company for October. Peter te nechat or accounts for the act wording of the accounts. CNOW umale do not use inea for joumal explanations. Every in on a journal pages used to debitor credentes. NOW Jumal wil stomatically indert a credit entry when a creditamos a entered 10 JOURNAL ACCOUNTING EQUATION DATE DOON POSTER DEBIT CREDIT LABUTICS COUNTY 1 . 12 14
