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PA1,6 and 8 please Paragraph PA1 106.1 Record journal entries for the following transactions of Purniture Warehouse A. Aug 31 Sold 15 couches at $500

PA1,6 and 8 please image text in transcribed
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Paragraph PA1 106.1 Record journal entries for the following transactions of Purniture Warehouse A. Aug 31 Sold 15 couches at $500 each to a customer, credit terms 2/15, n/30, invoice date August 3, the couches cost Furniture Warehouse $150 each. B. Aug. 8. Customer returned 2 couches for a full refund. The merchandise was in sellable condition at the original cost. c. Aug 15: Customer found 4 defective couches but kept the merchandise for an allowance of $1,000. D. Aug 18 Customer paid their account in full with cash. PA6. LO 6.3 Review the following transactions for Dish Mart and record any required journal entries. Note that all purchase transactions are with the same supplier Nov. 5 Dish Mart purchases 26 sets of dishes for $460 per set with cash. Nov. 9 Dish Mart purchases 30 sets of dishes for $430 per set on credit. Terms of the purchase are 10/15, 1/60, invoice date November 9. Nov. 13 Dish Mart discovers 5 of the dish sets are damaged from the November 9 purchase and returns them to the supplier for a full refund. Nov. 14 Dish Mart purchases 10 sets of dishes for $450 per set, on credit. Terms of the purchase are 10/10, 1/60, invoice date November 14. Nov. 15 Dish Mart discovers that 2 of the dish sets from the November 14 purchase and 4 of the dish sets from the November 5 purchase are missing a few dishes but keeps them since the supplier granted an allowance of $50 per set for the November 14 dish sets and $75 per set for the November 5 dish sets Dish Mart and the supplier have agreed to reduce the amount Dish Mart has outstanding debt, instead of sending a separate check for the November allowance in cash Nov. 24 Dish Mart pays their account in full for all outstanding purchases, less any returns, allowances, and or discounts W Orie Paragraph Styles PAB. LO 6.4 Review the following sales transactions for Dish Mart and record any required journal entries. Note that all sales transactions are with the same customer, Emma Purcell. Mar. 5 Mar. 9 Dish Mart made a cash sale of 13 sets of dishes at a price of $700 per set to customer Emma Purcell. The cost per set is $460 to Dish Mart. Dish Mart sold 23 sets of dishes to Emma for $650 per set on credit, at a cost to Dish Mart of $435 per set. Terms of the sale are 5/15, 1/60, invoice date March 9. Emma returns eight of the dish sets from the March 9 sale to Dish Mart for a full refund. Dish Mart returns the dish sets to inventory at their original cost of $435 per set Dish Mart sells 6 sets of dishes to Emma for $670 per set on credit, at a cost to Dish Mart of $450 per set. Terms of the sale are 5/10, 1/60, invoice date Mar. 13 Mar. 14 March 14. Mar. 15 Emma discovers that 3 of the dish sets from the March 14 purchase, and 7 of the dish sets from the March 5 sale are missing a few dishes, but keeps them since Dish Mart granted an allowance of $2,670 for all 10 dish sets. Dish Mart and Emma have agreed to reduce the amount Dish Mart has outstanding instead of sending a separate check for the March 5 allowance Mar. 24 Emma Purcell pays her account in full for all outstanding purchases, less any returns, allowances, and or discounts. CE

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