of complete sur Company engaged in the following temactions during March of the current year Click the icon to view the transactions) Reed 1 Journal the preceding transactions on the books of Jones Furniture Company Assume the company was the perpetual very system 2 Sebula in inventory was $51.000 on March 1 What is the balance inventory March 31? Requirement 1. Jonate the preceding transactions on the books of Sones Furniture Company Assume the company to the perpetuo invity when We begin with the purchase of metary for cash un March 2nd. Purchased inventory for cash, 130,000 square ancourt at 51 215. (ecord debit fire, then credits. Eachde explanation om journal entries Journal Entry Credit Accounts Dub Madh Pasha edhe supplies and more com 54.000 Journal Entry Roots Deba Credit March the cosa scount of 12 percent plus right charge of 53.200 Creditre 15.30 Arco De Creo Cho tormented and then conto the question Jones Furniture Company engaged in the following transactions during March of the current year Click the icon to view the transactions.) Required Journalize the preceding transactions on the books of Jones Furniture Company. Assume the company uses the perpetual inventory system Suppose the balance in inventory was $51.000 on March 1 What is the balance in inventory on March 312 The March 9th transaction requires two entries. Sold goods for cash, $37.000 Jones's cost of these goods was $17.000. Let's enter the sale first, Journal Entry Dato Accounts Credit 1. 2. Debit Mar The second entry for the transaction of March 9th records the effect on inventory Let's enter that now. Journal Entry Date Accounts Debit Credit Mar March 11 Returned $3.800 (net amount after the quantity discount) of the inventory purchased on March 8. It was damaged in shipment Journal Entry Date Accounts Debit Credit Mar March 12 Purchased Inventory on credit terms of 3/10, 1/30, 560,000 Choose from any list or enter any number in the input fields and then continue to the next question Jones turite Comparty wngaged at the following transactions during March of the current year Click the icon to view the transaction Required 1 Jaume the preceding transactions on the books of Jones Furniture Company Ame the company was the perpetual inventory system 2 Suppose the balance in inventory was 551.000 on March 1 What is the balance in inventory on March 317 March 12 Purchased inventory on credit terms of 3/10, 30, 560 000 Journal Entry Accounts Debit Credit March 14 Sold inventory on credit terms of 2/10/30 for 5142.000 lesa 514200 quantity discount cost, 599 000) This transaction requires to make two jumal entries Let's enter the sales transaction first Journal Entry Dlate Accounts Debit Credit Mar Now we can wear the cost of goods sold transaction of March 14th Jumal Entry Dan Accounts Debit Credit M March Received and paid the electricity bil. $4,200 Record the payment of the Choosemynt or enter any number is the mutes and men continue to the next question mengaged in grading March of the corrente Just the rights on the books of Future Company Acontece System Suppose the balance was 351.00 on March What is the balance on Mach 317 21 de depuradon Matheson and Enter the past for purchases and you with a while doit Accounts Data March 23 Received to continua sent of the courte he purchased on March 14 Grande come discounted the colors account cevable for Journal Dam Acco C Meh per the west on March Accounts Dubai G htle $51.000 on March 1 What is the balancen har March 31% March 23 Received 589 100 cash in partial settlement of the account from the one who purchased Inventory on March 1 Granted the custom percent discount and credited the Journal Entry Date Accounts Debit Credi March 31 Paid for the store supplies purchased on March Journal Entry Accounts Date Debut Credit Mar Requirement 2. Suppose the balance in wory was 551,000 on March 1 What is the balance invention March The balance inventory on March 3 was Choose to any stocenter any number in the input fields and then continue to the next question Mar. 2 Purchased inventory for cash, $30,000, less a quantity discount of $4,219. 5 Purchased store supplies on credit terms of net eom, $4,000 8 Purchased inventory of $58,000 less a quantity discount of 12 percent, plus freight charges of $3,200. Credit terms are 3/15, n/30 9 Sold goods for cash, 537,000. Jones's cost of these goods was $17,000 11 Returned $3,800 (net amount after the quantity discount) of the inventory purchased on March 8. It was damaged in shipment 12 Purchased inventory on credit terms of 3/10, 1/30, S60,000 14 Sold inventory on credit terms of 2/10, 1/30, for 5142,000, less a $14,200 quantity discount (cost, $99,000) 16 Received and paid the electricity bill, $4,200. 20 Received returned inventory from the March 14 sale, 56,200 (net amount after the quantity discount). Jones shipped the wrong goods by mistake Jones's cost of the inventory received was $4,200 21 Paid supplier for goods purchased on March 8 less the discount and the return. Freight costs are not subject to purchase discounts 23 Received $89,100 cash in partial settlement of the account from the customer who purchased inventory on March 14. Granted the customer a 1 percent discount and credited the customer's account receivable for $90,000 31 Paid for the store supplies purchased on March 5. Jones Furniture Company engaged in the following transactions during March of the current year Click the icon to view the transactions.) Required 1. Journalize the preceding transactions on the books of Jones Furniture Company, Assume the company uses the perpetual inventory system 2 Suppose the balance in inventory was $51,000 on March 1. What is the balance in inventory on March 31? Requirement 1. Journalize the preceding transactions on the books of Jones Furniture Company Assume the company uses the perpetual inventory system We begin with the purchase of inventory for cash on March 2nd Purchased inventory for cash, $30,000, less a quantity discount of $4,219 (Record debits first, the Journal Entry