Now journalize the expense related to the Oct. 28 sale-Sold 300 table lamps and 1,000 floor...
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Now journalize the expense related to the Oct. 28 sale-Sold 300 table lamps and 1,000 floor lamps on account. Review the perpetual record for table lamps you prepared above. Review the perpetual record for floor lamps you prepared above. Date Oct. 28 Cash Accounts and Explanation Supplies Expense-Selling Sales on account. Debit Credit 6600 6600 Table lamps: Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 30 4,000 $ 16 $ 64,000 Oct. 1 4,500 $ 22 $ 99,000 4,000 $ 16 $ 64,000 4,500 $ 22 $ 99,000 12 4,000 $ 16 $ 64,000 4,300 $ 22 $ 94,600 200 $ 22 $ 4,400 28 300 $ 22 S 6,600 4,000 $ 22 $ 88,000 Nov. 5 7,000 $ 24 $ 168,000 18 Dec. 27 4,000 $ 22 $ 88,000 7,000 $ 24 $ 168,000 2,400 $ 22 $ 52,800 1,600 $ 22 $ 35,200 7,000 $ 24 $ 168,000 1,600 $ 500 $ 22 $ 35,200 24 $ 12,000 6,500 $ 24 $ 156,000 Oct. 28: Sold lamps on account to Beltway Home Stores, terms 2/10, n/30. 300 table lamps at $44 each and 1,000 floor lamps at $62 each. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Accounts and Explanation Date Oct. 28 Accounts Receivable-Beltway Sales Revenue Sales on account Debit Credit 75,200 75,200 Now journalize the expense related to the Oct. 28 sale-Sold 300 table lamps and 1,000 floor lamps on account Review the perpetual record for fake lamos you prepared above Review the perpetual record for floor lamps you prepared above. Date Oct. 28 Accounts and Explanation Cash Supplies Expense-Selling Debit Credit 6600 6600 Now journalize the expense related to the Oct. 28 sale-Sold 300 table lamps and 1,000 floor lamps on account. Review the perpetual record for table lamps you prepared above. Review the perpetual record for floor lamps you prepared above. Date Oct. 28 Cash Accounts and Explanation Supplies Expense-Selling Sales on account. Debit Credit 6600 6600 Table lamps: Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 30 4,000 $ 16 $ 64,000 Oct. 1 4,500 $ 22 $ 99,000 4,000 $ 16 $ 64,000 4,500 $ 22 $ 99,000 12 4,000 $ 16 $ 64,000 4,300 $ 22 $ 94,600 200 $ 22 $ 4,400 28 300 $ 22 S 6,600 4,000 $ 22 $ 88,000 Nov. 5 7,000 $ 24 $ 168,000 18 Dec. 27 4,000 $ 22 $ 88,000 7,000 $ 24 $ 168,000 2,400 $ 22 $ 52,800 1,600 $ 22 $ 35,200 7,000 $ 24 $ 168,000 1,600 $ 500 $ 22 $ 35,200 24 $ 12,000 6,500 $ 24 $ 156,000 Oct. 28: Sold lamps on account to Beltway Home Stores, terms 2/10, n/30. 300 table lamps at $44 each and 1,000 floor lamps at $62 each. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Accounts and Explanation Date Oct. 28 Accounts Receivable-Beltway Sales Revenue Sales on account Debit Credit 75,200 75,200 Now journalize the expense related to the Oct. 28 sale-Sold 300 table lamps and 1,000 floor lamps on account Review the perpetual record for fake lamos you prepared above Review the perpetual record for floor lamps you prepared above. Date Oct. 28 Accounts and Explanation Cash Supplies Expense-Selling Debit Credit 6600 6600
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