journalizing

ales-Related and Purchase-Related Transactions Using Perpetual Inventory System Instructions Chart of Accounts Journal Instructions Nov. 3 Purchased merchandise on account from Moonlight Co., list price $94,000, trade discount 25% terms FOB destination, 2/10, n/30 4 Sold merchandise for cash, $37,230. The cost of the merchandise sold was $22,500 5 Purchased merchandise on account from Papoose Creek Co., $48,450, terms FOB shipping po 2/10, n/30, with prepaid freight of $800 added to the invoice. 6 Returned $15,000 ($20,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $15,810 with terms n/15. The cost of the merchandis sold was $10,020 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. Sold merchandise on VISA, $239,690. The cost of the merchandise sold was $129,230 15 Paid Papoose Creek Co on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $54,200, terms 110. n/30. The cost of the merchandise sold was $33,490. Paid VISA service fee of $3,220 30 Paid Quinn Co. a cash refund of $1,750 for damaged merchandise from sale of November 8. Quinn Co. kept the merchandise. Required: Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do explanations. Every line on a journal page is used for debitor credit entries CNOW journals will automatically indenta credit amount is entered. Check My Work es-Related and Purchase-Related Transactions Using Perpetual Inventory System Instructions Chart of Accounts Journal nstructions Chart of Accounts SOLIS IVLITUL 110 Cash 410 Sales 121 Accounts Receivable-Quinn Co 610 Interest Revenue 122 Accounts Receivable-Rabel Co 125 Notes Receivable EXPENSES 130 Merchandise Inventory 510 Cost of Merchandise Sold 131 Estimated Returns Inventory 521 Delivery Expense 140 Office Supplies 522 Advertising Expense 141 Store Supplies 524 Depreciation Expense-Store Equipment 142 Prepaid Insurance 525 Depreciation Expense-Office Equipment 180 Land 526 Salaries Expense 531 Rent Expense 192 Store Equipment ms 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 LIABILITIES 589 Miscellaneous Expense 211 Accounts Payable-Moonlight Co. 710 Interest Expense 212 Accounts Payable-Papoose Creek Co 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable Check My Work