Question
Journalize the following transactions. October 5, 2019 the company sold 100 units of merchandise to Thomas Company for $100 each. Credit terms are 2/10, n/30.
Journalize the following transactions.
October 5, 2019 the company sold 100 units of merchandise to Thomas Company for $100 each. Credit terms are 2/10, n/30. Cost of goods sold is $ 6,000.
October 6, 2019 the company paid $2,100 for utility expenses to ADDC.
October 8, 2019 Thomas Company paid the amount due for the sale made in October 5.
October 9, 2019 the company paid salaries and wages expense for the month of October of $5,000 for employees.
October 20, 2019 the company performed services to Hadia Company for $2,900.
October 23, 2019 the company sold 200 units of merchandise to Halley Company for $150 each. Credit terms are 2/10, n/30. Cost of goods sold is $8,000.
October 29, 2019 Halley Company paid the amount due for the sale made in October 23
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
