More info Jul. 2 Jul. 3 Sold merchandise inventory on credit, terms n/30, to Image, Inc.,...
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More info Jul. 2 Jul. 3 Sold merchandise inventory on credit, terms n/30, to Image, Inc., $1,900 (cost, $250). Sold office supplies to an employee at cost, $55, receiving cash. Jul. 7 Cash sales for the week totaled $1,800 (cost, $1,600). Jul. 9 Jul. 10 Sold merchandise inventory on account, terms n/30, to A. N. McNeill, $7,800 (cost, $5,300). Sold land that cost $11,000 for cash of the same amount. Jul. 11 Jul. 12 Sold merchandise inventory on account, terms n/30, to Sloan Electric, $5,300 (cost, $3,250). Received cash from Image in full settlement of its account receivable from July 2. Jul. 14 Cash sales for the week were $2,700 (cost, $1,400). Jul. 15 Jul. 20 Jul. 21 Jul. 22 Sold merchandise inventory on credit, terms n/30, to the partnership of Will & Bill, $3,500 (cost, $2,450). Sold merchandise inventory on account, terms n/30, to Sloan Electric, $700 (cost, $260). Cash sales for the week were $985 (cost, $590). Jul. 25 Received $4,600 cash from A. N. McNeill in partial settlement of his account receivable. Received cash from Will & Bill for its account receivable from July 15. Jul. 25 Jul. 27 Sold merchandise inventory on account, terms n/30, to Ogarth, Co., $1,560 (cost, $1,030). Collected $5,800 on a note receivable. There was no interest earned. Jul. 28 Jul. 29 Jul. 31 Cash sales for the week totaled $3,780 (cost, $2,430). Sold merchandise inventory on account, terms n/30, to R. O. Bills, $190 (cost, $140). Received $2,300 cash on account from A. N. McNeill. Print Done - More info Jul. 2 Jul. 3 Sold merchandise inventory on credit, terms n/30, to Image, Inc., $1,900 (cost, $250). Sold office supplies to an employee at cost, $55, receiving cash. Jul. 7 Cash sales for the week totaled $1,800 (cost, $1,600). Jul. 9 Jul. 10 Sold merchandise inventory on account, terms n/30, to A. N. McNeill, $7,800 (cost, $5,300). Sold land that cost $11,000 for cash of the same amount. Jul. 11 Jul. 12 Sold merchandise inventory on account, terms n/30, to Sloan Electric, $5,300 (cost, $3,250). Received cash from Image in full settlement of its account receivable from July 2. Jul. 14 Cash sales for the week were $2,700 (cost, $1,400). Jul. 15 Jul. 20 Jul. 21 Jul. 22 Sold merchandise inventory on credit, terms n/30, to the partnership of Will & Bill, $3,500 (cost, $2,450). Sold merchandise inventory on account, terms n/30, to Sloan Electric, $700 (cost, $260). Cash sales for the week were $985 (cost, $590). Jul. 25 Received $4,600 cash from A. N. McNeill in partial settlement of his account receivable. Received cash from Will & Bill for its account receivable from July 15. Jul. 25 Jul. 27 Sold merchandise inventory on account, terms n/30, to Ogarth, Co., $1,560 (cost, $1,030). Collected $5,800 on a note receivable. There was no interest earned. Jul. 28 Jul. 29 Jul. 31 Cash sales for the week totaled $3,780 (cost, $2,430). Sold merchandise inventory on account, terms n/30, to R. O. Bills, $190 (cost, $140). Received $2,300 cash on account from A. N. McNeill. Print Done -
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