{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T02:03:59-04:00", "answer_date": "2024-05-29 02:03:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1870167", "url": "\/study-help\/questions\/marigold-warehouse-distributes-hardback-books-to-retail-stores-and-extends-1870167", "question_creation_date_js": "2024-05-29T02:03:59-04:00", "question_creation_date": "May 29, 2024 02:03 AM", "meta_title": "[Solved] Marigold Warehouse distributes hardback b | SolutionInn", "meta_description": "Answer of - Marigold Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the | SolutionInn", "meta_keywords": "marigold,warehouse,distributes,hardback,books,retail,stores,extends,credit,customers,month,june", "question_title_h1": " Marigold Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of June, the following merchandising", "question_title": " Marigold Warehouse distributes hardback books to retail stores and extends credit", "question_title_for_js_snippet": "Marigold Warehouse distributes hardback books to retail stores and extends credit to all of its customers During the month of June, the following merchandising transactions occurred June 1 Purchased books on account for $1,445 from Catlin Publishers 3 Sold books on account to Garfunkel Bookstore for $1,100 The cost of the merchandise sold was $950 6 Received $45 credit for books returned to Catlin Publishers 9 Paid Catlin Publishers in full 15 Received payment in full from Garfunkel Bookstore 17 Sold books on account to Bell Tower for $1,100 The cost of the merchandise sold was $800 20 Purchased books on account for $950 from Priceless Book Publishers 24 Received payment in full from Bell Tower 26 Paid Priceless Book Publishers in full 28 Sold books on account to General Bookstore for $1,550 The cost of the merchandise sold was $910 30 Granted General Bookstore $290 credit for books returned costing $70 Prepare a tabular summary to record the transactions for the month of June for Marigold Warehouse using a perpetual inventory system Include margin explanations for the changes in revenues and expenses (Enter negative amounts using either a negative sign preceding the number eg 45 or pa (45)) Assets Liabilities Cash Accts Rec Inv Accts Pay Common Stock Rev June 1 $ 3 9 15 17 20 24 26 28 30 Stockholders' Equity Retained Earnings Exp Bad Debt Expense Accounts Receivable Sales Revenue Sales Returns Allowances Cost of Goods Sold", "question_description": "\"image", "transcribed_text": "Marigold Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of June, the following merchandising transactions occurred June 1 Purchased books on account for $1,445 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $950. 6 Received $45 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,100. The cost of the merchandise sold was $800. 20 Purchased books on account for $950 from Priceless Book Publishers. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $910. 30 Granted General Bookstore $290 credit for books returned costing $70. Prepare a tabular summary to record the transactions for the month of June for Marigold Warehouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number eg.-45 or pa (45)) Assets Liabilities Cash Accts. Rec. Inv. Accts. Pay Common Stock Rev. June 1 $ 3 9 15 17 20 24 26 28 30 Stockholders' Equity Retained Earnings Exp. Bad Debt Expense Accounts Receivable Sales Revenue Sales Returns & Allowances Cost of Goods Sold", "related_book": { "title": "Cost Accounting Foundations and Evolutions", "isbn": "9781439044612, 1439044619, 978-1111626822", "edition": "8th Edition", "authors": "Michael R. Kinney, Cecily A. Raiborn", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/146.jpg", "uri": "\/textbooks\/cost-accounting-foundations-and-evolutions-8th-edition-146", "see_more_uri": "" }, "free_related_book": { "isbn": "B00303GATY", "uri": "\/textbooks\/caribbean-marine-resources-opportunities-for-economic-development-and-management-1st-edition-b00303gaty-242329", "name": "Caribbean Marine Resources Opportunities For Economic Development And Management", "edition": "1st Edition" }, "question_posted": "2024-05-29 02:03:59", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/1-points-question-11-your-91yearold-greataunt-has-terminal-cancer-388185", "description": "1 points Question 11 Your 91-year-old great-aunt has terminal cancer. 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