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journalize Journalize the entries Co record die transactions of AinMcrtlam supply Co. PR 5-3A Sales-related and purchase related transactions using perpetual inventory system The following
journalize Journalize the entries Co record die transactions of AinMcrtlam supply Co. PR 5-3A Sales-related and purchase related transactions using perpetual inventory system The following were selected from among the transactions completed by Babcock Company during November of the current year: Nov. 3. Purchased merchandise on account from Moonlight Co., list price $8S.(HM>. discount 25%, terms FOB destination. 2/10. n/30. Sold merchandise for cash, $37,680. The cost of the merchandise sold was $22.600 Purchased merchandise on account from Papoose Creek Co., $,500, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. Returned $13,500 ($18,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight (co). 8. Sold merchandise on account to Quinn Co., $15,600 with terms n/15. I Ik* cost of the merchandise sold was $9,400. Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise on VISA. $236,000. The cost of the merchandise sold was SI40.000. Paid Papoose Creek Co. on account for purchase of November 5. Received cash on account from sale of November 8 to Quinn Co. Sold merchandise on account to label Co., $56,900, terms 1/10, n/30. The cost of the merchandise sold was $34,000. 28. Paid VISA service fee of $3,540. 30. Paid Quinn Co. a cash refund of $6,000 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,300. Instructions Journalize the transactions
journalize
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