MA B D Merchandising Firm Entrywork - Perpetual Inventory System Transactions a) Purchased 12 tennis rackets costing $60 each on account Inventory b) Purchased 15 bowling balls costing $90 each on account c) Sold a bowling ball for cash - $150 Cost of Goods Sold 0 1 2 3 14 15 16 17 18 19 20 21 22 23 24 ZO 26 27 28 29 30 Sales d) Sold 3 tonnis rackets for $105 each-on account Sheet1 Sheet2 Sheet Rady Type here to search O E * 2 6 Format Painter BIU--- A. Merge Center $ - %$$ Conditional Formatting Clipboard Font Alignment 5 Number XA A B D E F G H K e) Collected payment from the customer from (d) Accts Receivable 1) Paid the vendor the amount due for (a) & (6) li Accts Payable 9) Sold 1 tennis racket for $105 and 1bowling ball for $150 for cash Rent Expense 3 h) Purchased 8 golf bags costing $120 each on account 1 Advertising Expense 3 4 5 6 + Sold 2 golf bags for $190 cash each Sheett Sheet2 Sheets + sady Type here to search o > . B Font Alignment Number Clipboard X K MA B C D G 1) Paid the following expenses Rent Exp - $200, Advertising Exp $600 B 2 0 Sports R Us Income Statement For the Month Ended 12/31/xx 2 3 4 5 16 7 78 279 BO 81 82 83 84 85 88 87 88 89 Revenue Sales Cost of Goods Sold Gross Profit Expenses Rent Expense Advertising Expense Total Expenses Net Income Sheet1 She She Type here to search O E dt ** Clipboard Font gen X IF E G H K Name Assignment 2 - Chapter 5 Merchandising Firm Entrywork - Perpetual Inventory System Transactions a) Purchased 12 tennis rackets costing $60 each on account Inventory b) Purchased 15 bowling balls costing $90 each on account. Cost of Goods Sold c) Sold a bowling ball for cash - $150 5 3 4 5 6 7 18 19 20 21 22 23 24 23 26 27 28 Sales d) Sold 3 tennis rackets for $105 each on account Sheet1 Sheet2 shoot 1) Paid the following expenses: Rent Exp - $200, Advertising Exp - $600 Sports R Us Income Statement For the Month Ended 12/31/xx Revenue Sales Cost of Goods Sold Gross Profit Expenses Rent Expense Advertising Expense Total Expenses Net Income D 1) Paid the vendor the amount due for (a) & (b) Accts Payable 9) Sold 1 tennis racket for $105 and 1bowling ball for $150 for cash Rent Expense h) Purchased 8 golf bags costing $120 each on account Advertising Expense i) Sold 2 golf bags for $190 cash each 1 Cash XX XXX B 9 0 Sheet1 Sheet2 Sheets Cost of Goods Sold c) Sold a bowling ball for cash - $150. Sales d) Sold 3 tennis rackets for $105 each - on account e) Collected payment from the customer from (d) Accts Receivable 1 8 1) Paid the vendor the amount due for (a) & (b). Accts Payable .8 39 10 11 a) Sold 1 tennis racket for S105 and bowlina ball for $150 for cash Sheet1 sheet Sheet