Journalize the following sales transactions for Jester Company. Explanations are not required. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) Apr. 1: Jester Company sold merchandise inventory for $190. The cost of the inventory was $140. The customer paid cash. Jester Company was running a promotion and the customer received a $10 award at the time of sale that can be used at a future date on any Jester Company merchandise Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Apr. 1 More info Apr. 1 Jester Company sold merchandise inventory for $190. The cost of the inventory was $140. The customer paid cash. Jester Company was running a promotion and the customer received a $10 award at the time of sale that can be used at a future date on any Jester Company merchandise. May 15 The customer uses the $10 award when purchasing merchandise inventory for $65. The cost of the inventory was $27. The customer paid cash Print Done Calming Creations Gift Shop uses a perpetual inventory system. Journalize the following transactions for Calming Creations Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $3,100 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Sleeky Spa. - X Date Accounts Debit Credit More info Feb. 3 Feb. 3 Purchased $3,100 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Sleeky Spa. Feb. 7 Returned $500 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $600 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,300 to Triton Wellness. Payment terms were 3/15, n/30. These goods cost the company $2,150. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. Feb. 28 Received cash from Triton Wellness in full settlement of their debt. Print Done Chargar Electric uses the periodic inventory system. Chargar reported the following selected amounts at May 31, 2024: (Click on the icon to review the data.) Compute the following for Chargar: a. Cost of goods sold. b. Gross profit a. Compute the cost of goods sold. - x Cost of Goods Sold: Data table $ 3,000 Less: Merchandise Inventory, June 1, 2023 Merchandise Inventory, May 31, 2024 Purchases $ 20,000 21,000 Freight In Net Sales Revenue 169,000 90,000 Common Stock 16,000 Purchase Discounts 3,500 Retained Earnings 22,000 Plus: Purchase Returns and Allowances 10,000 Less Print Done Cost of Goods Sold Journalize the following transactions that occurred in March for Dizzy Company. Assume Dizzy uses the periodic inventory system. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Dizzy estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all amounts to the nearest whole dollar.) (Click the icon to view the transactions.) ) More info Mar. 3: Purchased merchandise inventory on account from Sherry Wholesalers, $4,000. Terms 1/15, n/EOM, FOB shipping point. Date Accounts Debit Credit Mar. 3 Mar. 3 Purchased merchandise inventory on account from Sherry Wholesalers, $4,000. Terms 1/15, n/EOM, FOB shipping point. Mar. 4 Paid freight bill of $60 on March 3 purchase. Mar. 4 Purchase merchandise inventory for cash of $1,200. Mar. 6 Returned $500 of inventory from March 3 purchase. Mar. 8 Sold merchandise inventory to Henrich Company, $4,000, on account. Terms 3/15, n/35. Mar. 9 9 Purchased merchandise inventory on account from Tristan Wholesalers, $5,300 Terms 3/10, n/30, FOB destination. Mar. 10 Made payment to Sherry Wholesalers for goods purchased on March 3, less return and discount Mar. 12 Received payment from Henrich Company, less discount. Mar. 13 After negotiations, received a $150 allowance from Tristan Wholesalers. Mar. 15 Sold merchandise inventory to Jex Company, $1,500, on account. Terms n/EOM. Mar. 22 Made payment, less allowance, to Tristan Wholesalers for goods purchased on March 9. Mar. 23 Jex Company returned $900 of the merchandise sold on March 15. Mar. 25 Sold merchandise inventory to Sundun for $700 on account. Terms of 2/10, n/30 was offered, FOB shipping point. Mar. 29 Received payment from Sundun, less discount. Mar. 30 Received payment from Jex Company, less return. Journalize the following sales transactions for Jester Company. Explanations are not required. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) Apr. 1: Jester Company sold merchandise inventory for $190. The cost of the inventory was $140. The customer paid cash. Jester Company was running a promotion and the customer received a $10 award at the time of sale that can be used at a future date on any Jester Company merchandise Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Apr. 1 More info Apr. 1 Jester Company sold merchandise inventory for $190. The cost of the inventory was $140. The customer paid cash. Jester Company was running a promotion and the customer received a $10 award at the time of sale that can be used at a future date on any Jester Company merchandise. May 15 The customer uses the $10 award when purchasing merchandise inventory for $65. The cost of the inventory was $27. The customer paid cash Print Done Calming Creations Gift Shop uses a perpetual inventory system. Journalize the following transactions for Calming Creations Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $3,100 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Sleeky Spa. - X Date Accounts Debit Credit More info Feb. 3 Feb. 3 Purchased $3,100 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Sleeky Spa. Feb. 7 Returned $500 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $600 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,300 to Triton Wellness. Payment terms were 3/15, n/30. These goods cost the company $2,150. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. Feb. 28 Received cash from Triton Wellness in full settlement of their debt. Print Done Chargar Electric uses the periodic inventory system. Chargar reported the following selected amounts at May 31, 2024: (Click on the icon to review the data.) Compute the following for Chargar: a. Cost of goods sold. b. Gross profit a. Compute the cost of goods sold. - x Cost of Goods Sold: Data table $ 3,000 Less: Merchandise Inventory, June 1, 2023 Merchandise Inventory, May 31, 2024 Purchases $ 20,000 21,000 Freight In Net Sales Revenue 169,000 90,000 Common Stock 16,000 Purchase Discounts 3,500 Retained Earnings 22,000 Plus: Purchase Returns and Allowances 10,000 Less Print Done Cost of Goods Sold Journalize the following transactions that occurred in March for Dizzy Company. Assume Dizzy uses the periodic inventory system. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Dizzy estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all amounts to the nearest whole dollar.) (Click the icon to view the transactions.) ) More info Mar. 3: Purchased merchandise inventory on account from Sherry Wholesalers, $4,000. Terms 1/15, n/EOM, FOB shipping point. Date Accounts Debit Credit Mar. 3 Mar. 3 Purchased merchandise inventory on account from Sherry Wholesalers, $4,000. Terms 1/15, n/EOM, FOB shipping point. Mar. 4 Paid freight bill of $60 on March 3 purchase. Mar. 4 Purchase merchandise inventory for cash of $1,200. Mar. 6 Returned $500 of inventory from March 3 purchase. Mar. 8 Sold merchandise inventory to Henrich Company, $4,000, on account. Terms 3/15, n/35. Mar. 9 9 Purchased merchandise inventory on account from Tristan Wholesalers, $5,300 Terms 3/10, n/30, FOB destination. Mar. 10 Made payment to Sherry Wholesalers for goods purchased on March 3, less return and discount Mar. 12 Received payment from Henrich Company, less discount. Mar. 13 After negotiations, received a $150 allowance from Tristan Wholesalers. Mar. 15 Sold merchandise inventory to Jex Company, $1,500, on account. Terms n/EOM. Mar. 22 Made payment, less allowance, to Tristan Wholesalers for goods purchased on March 9. Mar. 23 Jex Company returned $900 of the merchandise sold on March 15. Mar. 25 Sold merchandise inventory to Sundun for $700 on account. Terms of 2/10, n/30 was offered, FOB shipping point. Mar. 29 Received payment from Sundun, less discount. Mar. 30 Received payment from Jex Company, less return