Question
On June 10, Blossom Company purchased $ 6,000 of merchandise from Sunland Company, terms 2/10, n/30. Blossom Company pays the freight costs of $ 350
On June 10, Blossom Company purchased $ 6,000 of merchandise from Sunland Company, terms 2/10, n/30. Blossom Company pays the freight costs of $ 350 on June 11. Goods totaling $ 200 are returned to Sunland Company for credit on June 12. On June 19,Blossom Company pays Sunland Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Prepare separate entries for each transaction on the books of Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount |
eTextbook and Media
List of Accounts
Prepare separate entries for each transaction for Sunland Company. The merchandise purchased by Blossom Company on June 10 cost Sunland Company $ 2,000, and the goods returned cost Sunland Company $ 200. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title to record credit sale | Enter a debit amount | Enter a credit amount |
Enter an account title to record credit sale | Enter a debit amount | Enter a credit amount | |
(To record credit sale) | |||
Enter an account title to record cost of goods sold | Enter a debit amount | Enter a credit amount | |
Enter an account title to record cost of goods sold | Enter a debit amount | Enter a credit amount | |
(To record cost of goods sold) | |||
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction dateChoose a transaction date June 10June 11June 12June 19 | Enter an account title to record credit sale | Enter a debit amount | Enter a credit amount |
Enter an account title to record credit sale | Enter a debit amount | Enter a credit amount | |
(To record credit sale) | |||
Enter an account title to record cost of goods returned | Enter a debit amount | Enter a credit amount | |
Enter an account title to record cost of goods returned | Enter a debit amount | Enter a credit amount | |
(To record cost of goods returned) | |||
June 19 | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title |
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