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LIUT IUI Jay S PEL Shop Using the general journal form provided below. Assume Sparky's uses = nsaction descriptions from entries: Date Transaction August 1
LIUT IUI Jay S PEL Shop Using the general journal form provided below. Assume Sparky's uses = nsaction descriptions from entries: Date Transaction August 1 Purchased $6,000 of merchandise on account, terms 2/10, n/30. 3 Returned $1,500 of merchandise purchased on August 1 due to defects. 7 Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000. 10 Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200. 11 Paid for the merchandise purchased on August 1, less return. 20 Received payment from sale of August 10. an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF DEBIT CREDIT Aug. 1 1 2 3 AN 4 Aug. 3 5 ... 5 6 6 7 7 Aug. 7 8 8 9 9 inte Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT Aug: 1 1 2 AWN 3 4 Aug. 3 5 5 6 6 7 Aug. 7 7 8 9 9
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