Question
On June 10, Carla Vista Company purchased $7,900 of merchandise from Wildhorse Company, terms 4/10, n/30. Carla Vista Company pays the freight costs of $390
On June 10, Carla Vista Company purchased $7,900 of merchandise from Wildhorse Company, terms 4/10, n/30. Carla Vista Company pays the freight costs of $390 on June 11. Goods totaling $600 are returned to Wildhorse Company for credit on June 12. On June 19, Carla Vista Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Prepare separate entries for each transaction on the books of Carla Vista 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 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 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 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 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 Wildhorse Company. The merchandise purchased by Carla Vista Company on June 10 cost Wildhorse Company $2,620, and the goods returned cost Wildhorse 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 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 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 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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