Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Instructions Chart of Accounts Journal 2. EX.06-15.BLANKSHEET.AL... Instructions X 3. PR.06-05.BLANKSHEET.AL... 4. PR.06-04.BLANKSHEET.AL... On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa
Instructions Chart of Accounts Journal 2. EX.06-15.BLANKSHEET.AL... Instructions X 3. PR.06-05.BLANKSHEET.AL... 4. PR.06-04.BLANKSHEET.AL... On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $237,490, terms n/30. The cost of the merchandise sold is $152,560. Showcase Co. issues a credit memo on March 5 for $31,500 for merchandise returned 5. EX.06-10.BLANKSHEET.AL... prior to Balboa Co. paying the original invoice on March 29. The cost of the merchandise returned is $18,670. 6. EX.06-14.BLANKSHEET.AL... Journalize Showcase Co.'s entries for (a) the sale, including the cost of the merchandise sold, (b) the credit memo, including the cost of the returned merchandise, and (c) the receipt of the check for the amount due from Balboa Co. Refer to the Chart of 7. EX.06-09.BLANKSHEET.AL... Accounts for exact wording of account titles. 8. EX.06-25.BLANKSHEET.AL... 9. EX.06-07.BLANKSHEET.AL... 10. PR.06-01.BLANKSHEET.A... Instructions x 2. EX.06-15.BLANKSHEET.AL... Chart of Accounts General Leager 3. PR.06-05.BLANKSHEET.AL... 4. PR.06-04.BLANKSHEET.AL... ASSETS REVENUE 110 Cash 410 Sales 5. EX.06-10.BLANKSHEET.AL... 121 Accounts Receivable-Balboa Co. 610 Rent Revenue 6. EX.06-14.BLANKSHEET.AL... 125 Notes Receivable 130 Merchandise Inventory EXPENSES 7. EX.06-09.BLANKSHEET.AL... 131 Estimated Returns Inventory 501 Cost of Merchandise Sold 8. EX.06-25.BLANKSHEET.AL... 521 Delivery Expense 140 Office Supplies 141 Store Supplies 522 Advertising Expense 9. EX.06-07.BLANKSHEET.AL... 142 Prepaid Insurance 524 Depreciation Expense-Store Equipment 180 Land 525 Depreciation Expense-Office Equipment 10. PR.06-01.BLANKSHEET.A... 192 Store Equipment 531 Rent Expense 193 Accumulated Depreciation-Store Equipment 533 Insurance Expense 194 Office Equipment 534 Store Supplies Expense 195 Accumulated Depreciation Office Equipment 535 Office Supplies Expense 536 Credit Card Expense Chart of Accounts X 2. EX.06-15.BLANKSHEET.AL... 194 Office Equipment 534 Store Supplies Expense 3. PR.06-05.BLANKSHEET.AL... 195 Accumulated Depreciation Office Equipment 535 Office Supplies Expense 536 Credit Card Expense 4. PR.06-04.BLANKSHEET.AL... LIABILITIES 539 Miscellaneous Expense 5. EX.06-10.BLANKSHEET.AL... 210 Accounts Payable 710 Interest Expense 218 Sales Tax Payable 6. EX.06-14.BLANKSHEET.AL... 219 Customers Refunds Payable 7. EX.06-09.BLANKSHEET.AL... 220 Unearned Rent 221 Notes Payable 8. EX.06-25.BLANKSHEET.AL... EQUITY 9. EX.06-07.BLANKSHEET.AL... 310 Owner, Capital 10. PR.06-01.BLANKSHEET.A... 311 Owner, Drawing 312 Income Summary Chart of Accounts x 2. EX.06-15.BLANKSHEET.AL... Journal X 3. PR.06-05.BLANKSHEET.AL... Journalize Showcase Co.'s entries for (a) the sale, including the cost of the merchandise sold, (b) the credit memo, including the cos the receipt of the check for the amount due from Balboa Co. Refer to the Chart of Accounts for exact wording of account titles. 4. PR.06-04.BLANKSHEET.AL... 5. EX.06-10.BLANKSHEET.AL... 6. EX.06-14.BLANKSHEET.AL... JOURNAL 7. EX.06-09.BLANKSHEET.AL... DATE DESCRIPTION POST. REF. DEBIT CREDIT 8. EX.06-25.BLANKSHEET.AL...
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started