Instructions

Chart of Accounts

General Journal

General Journal Chart of Accounts

General Journal

General Journal

PAGE $11$

JOURNAL

ACCOUNTING EQUATION

F

DATE

DESCRIPTION

POST. REF.

DEBIT

CREDIT

ASSETS

LIABILITIES

EQUITY

$1$

$2$

$3$

$4$

$5$

$6$Need Help. a total of $57$ columns. Starting from $1-57$ going down in the Columns in the General Journal starting from Mar $2$ to Apr $16.$

Mar. $2$ Sold merchandise on account to Equinox Co$.,$ $$18,500,$ terms FOB destination, n$/30.$ The cost of the goods sold was $$13,200.$

mar $3$ Sold merchandise for $$11,250$ plus $6\%$ sales tax to retail cash customers. The cost of the goods sold was $$8,000.$

mar $4$ Sold merchandise on account to Empire Co$.,$ $$55,100,$ terms FOB shipping point, n$/$eom$.$ The cost of the goods sold was $$33,100.$

mar $5$ Sold merchandise for $$28,000$ to retail customers who used MasterCard. The cost of the goods sold was $$19,200.$ The printed receipts for retail customers included a coupon for $$2$ off the customer$$s next purchase. It is estimated that $3,000$ of the coupons will be redeemed. Create a compound journal entry for the sale and coupon payable estimate.

Mar $14$ Sold $$17,000$ of merchandise to retail customers who used MasterCard and who redeemed $850$ of the $$2$ coupons issued on March $5$ The cost of the goods sold was $$10,000.$

Mar $16$ Sold merchandise on account to Targhee Co$.,$ $$27,500,$ terms FOB shipping point, n$/30.$ The cost of the goods sold was $$14,000.$

mar $18$ Issued credit memo to Targhee Co$.$ for merchandise with an invoice amount of $$5,000$ returned from sale on March $16.$ The cost of the merchandise returned was $$2,700.$

Mar. $19$ Sold merchandise on account to Vista Co$.,$ $$8,300,$ terms FOB shipping point, n$/$eom$.$ Added $$75$ to the invoice for prepaid freight. The cost of the goods sold was $$5,500.$ Record the freight as a separate transaction.

mar $31$ Received check for amount due from Vista Co$.$ for sale of March $19.$

mar $31$ Paid Fleetwood Delivery Service $$6,000$ for merchandise delivered during March to customers under shipping terms of FOB destination.

mar $31$ Paid local newspaper $$1,300$ for advertising that included point$-$of$-$sale coupons for $$15$ off April purchases of $$75$ or more. It is estimated that $500$ of the coupons will be redeemed. $($Do not create any liability for the estimated coupon redemption at this time.$)$

Apr. $1$ Received check for amount due from Equinox Co$.$ for sale on March $2.$

apr $3$ les during March.

apr $15$ Paid $$6,800$ to state sales tax division for taxes owed on sales.

apr $15$ Received check for amount due from Targhee Co$.$ for sale on March $16$ less credit memo of March $18.$

apr $16$ Sold merchandise with a list price of $$39,000$ to customers using MasterCard. Customers redeemed $300$ of the point$-$of$-$sale, $$15-$off coupons distributed on March $31.$ The cost of the merchandise sold was $$18,850.$