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Journalise all transactions in the homework attached. Please give me the answer as fast as you can. Thanh you home / study / business /
Journalise all transactions in the homework attached. Please give me the answer as fast as you can. Thanh you
home / study / business / accounting / questions and answers / the cost of all merchandise sold was 60% of the ... Question The cost of all merchandise sold was 60% of the sales price. During January, Ayoade completed the following transactions. Jan .3 Purchased merchandise on account from Parkinson Co. $11,000. 4 Purchased supplies for cash $71. 4 Sold merchandise on account to Douglas $5,030, invoice no. 371, terms 1/10, n/30. 5 Returned $200worth of damaged goods purchased on account from Parkinson Co. on January 3. 6 Made cash sales for the week totaling $3,250. 8 Purchased merchandise on account from Denholm Co. $5,300. 9 Sold merchandise on account to Connor Corp. $5,700, invoice no. 372, terms 1/10, n/30. 11 Purchased merchandise on account from Betz Co. $3,530. 13 Paid in full Parkinson Co. on account less a 2% discount. 13 Made cash sales for the week totaling $5,790. 15 Received payment from Connor Corp. for invoice no. 372. 15 Paid semi-monthly salaries of $14,505to employees. 17 Received payment from Douglas for invoice no. 371. 17 Sold merchandise on account to Bullock Co. $2,430, invoice no. 373, terms 1/10, n/30. 19 Purchased equipment on account from Murphy Corp. $5,407. 20 Cash sales for the week totaled $2,890. 20 Paid in full Denholm Co. on account less a 2% discount. 23 Purchased merchandise on account from Parkinson Co. $7,477. 24 Purchased merchandise on account from Forgetta Corp. $4,684. 27 Made cash sales for the week totaling $4,210. 30 Received payment from Bullock Co. for invoice no. 373. 31 Paid semi-monthly salaries of $12,063to employees. 31 Sold merchandise on account to Douglas $9,730, invoice no. 374, terms 1/10, n/30Step by Step Solution
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