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Just really need some help on these last few parts! I will rate! Many thanks and God bless W S5-3 (similar to) Question Help Consider
Just really need some help on these last few parts!
I will rate!
Many thanks and God bless
W S5-3 (similar to) Question Help Consider the following transactions for Hampton Drug Store: (Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Hampton Drug Store? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Round the answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Mar. 2: Hampton buys $20,900 worth of inventory on account with credit terms of 1/15, n/60, FOB shipping point. Date Accounts Debit Credit Mar. 2 20,900 Merchandise Inventory Accounts Payable 20,900 - X More Info Mar. 3: Hampton pays a $140 freight charge. Date Accounts Debit Credit Hampton buys $20,900 worth of inventory on account with credit terms of 1/15, Mar. 2 n/60, FOB shipping point. Mar. 3 Hampton pays a $140 freight charge. Mar. 8 Hampton returns $5,800 of the merchandise due to damage during shipment. Mar. 14 Hampton paid the amount due, less return and discount. Mar. 3 140 Merchandise Inventory Cash 140 Print Done Mar. 8: Hampton returns $5,800 of the merchandise due to damage during shipment. Date Accounts Credit Debit 5.800 Mar. 8 Accounts Payable Merchandise Inventory 5,800 Mar. 14: Hampton paid the amount due, less return and discount Choose from any list or enter any number in the input fields and then click Check Answer. 1 panta remaining Clear All Check Answer W S5-3 (similar to) Question Help Consider the following transactions for Hampton Drug Store: (Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Hampton Drug Store? Accounts Payable 20,900 Mar. 3: Hampton pays a $140 freight charge. Date Accounts Debit Credit - X Mar. 3 Merchandise Inventory 140 More Info Cash 140 Mar. 8: Hampton returns $5,800 of the merchandise due to damage during shipment. Hampton buys $20,900 worth of inventory on account with credit terms of 1/15, Mar. 2 n/60, FOB shipping point. Mar. 3 Hampton pays a $140 freight charge. Mar. 8 Hampton returns $5,800 of the merchandise due to damage during shipment. Mar. 14 Hampton paid the amount due, less return and discount. Date Accounts Debit Credit Mar. 8 5,800 Accounts Payable Merchandise Inventory 5,800 Print Done Mar. 14: Hampton paid the amount due, less return and discount. Date Accounts Credit Debit 15,100 Mar. 14 Accounts Payable Cash Merchandise Inventory Choose from any list or enter any number in the input fields and then click Check Answer. 1 pana Clear All remaining CheckStep by Step Solution
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