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Name: Part III: Journal Entries for Merchandising Business 20 Points Date: The following selected transactions were completed during June between Scottsdale Inc. and Barton
Name: Part III: Journal Entries for Merchandising Business 20 Points Date: The following selected transactions were completed during June between Scottsdale Inc. and Barton Company. Use any reasonable account names for journal entries. Apr. 2 12 Scottsdale sold merchandise on account to Barton Company for $33,450, terms FOB destination point, 2/10, n/30. The cost of merchandise was $20,000. Paid freight cost of $150. Scottsdale Company received check for amount due from Barton Company's purchase on Apr 2. Instructions a. Prepare journal entries (using the 'net method,' as in all class examples) for: (1) Scottsdale Company and (2) Barton Company DATE 61 Page Scottsdale Company General Journal PAGE 21 POST ACCOUNT TITLE REF. DEBIT CREDIT Name DATE 7 Page Barton Company General Journal PAGE 21 POST ACCOUNT TITLE REF DENT CREDIT
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