malo. E Sadrach 10. The 2016070d Read with 13.500. 23 18.00 PO mesmo Sold Hot VIA 600h00 ish tel. 55.00 The 10 Product on the www.covery own CHART OF ACCOUNTS Back Gerar REVENUE DS ASSETS T10 21 A-One 12. Race Twe EXPENSES 313 11 PM Spoles HIS Free ses Delay 22 Stationer 139 Amador 14 Oc Coupe 16. LIABILITIES rierce 22 APP 216 os Cat OM 20 Comert COUNTY 31 Cowo Sock 311 aneta 312 O Sales-related and purchase-related transactions using berpetual Inventory system Instructions The following were selected from among the transactions completed by Babcock Company during November of the current year. Batoock unes the net metrod under a perpetua inventory system Nov. 3 Purchased merchandise on account from Moonlight Co. Ist price $94,000. trade discount 25%. FOB destination, 2/10, 1/30 4 Sold merchandise for cash. $37.230. The cost of the goods sold was $22.500 5 Purchased merchandise on account from Papoose Creek Co. 548,450 terms Oshion.com 2/10, 1/30, with prepaid freight of $800 added to the voice 6 Returned $15.000 ($20.000 list priceless trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co. $15,810 with torms 15. The cost of the goods sold was $10,020 13 Paid Moonlight Ca on account for purchase of November 3, loss return of November 6. 14 Sold merchandise on VISA $239,690. The cost of the goods 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 an account to Rabel Co. $54,200, terms 1/10, 1/30. The cost of the goods sold was $33.490. 28 Paid VISA service fee of 53,220. 30 Paid Quinn Co. a cash round of $6,330 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3.580 Journalize the transactions. Refer to the Chart of Accounts for exact wording of accounties Chart of Accounts CHART OF ACCOUNTS Babcock Company General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 121 Accounts Receivable-Quinn Co. 122 Accounts Receivable-Rabel Co. 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expenso 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends
