Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please full explanation and calculation. of sales $720 e 5-6 Recording me Punk is a hair who cording merchandise transactions: purchase and sale aiscounts- perpetuat
Please full explanation and calculation.
of sales $720 e 5-6 Recording me Punk is a hair who cording merchandise transactions: purchase and sale aiscounts- perpetuat Los stylist who opened a business selling hair products, Hle imports produets trom ad d and sells to salons in Canada. L03 products from around ed $1,400 of hair spray from Oroit Pro; terms 3/10. /30. FoB shippong point. The paid the shipping cost of $200, Sold shampoo costing S420 to Barber & Co. Th oct. shipping point. The appropnate party or a price of $600 with terms of 2/10, n/30, FOB shipping point a $500 of inventory to Orbit Pro due to an error in the Oct. 1. order. Paid Orbit Pro for the purchase on October 1. per & Co. returned $100 of inventory from the sale on Oct. 5. The inventony had a cost o STo Received the payment fro Purchased $2,000 of hair conditioner fr party paid the shipping cost of $300. m Barber & Co. on the October 5 sale. 22 om Keratin Hair terms 2/10, n/30, FOB shipoing point Thve 23 old hair gel to Styling Room for an invoice price of $1,000, erms 2/10.0/30, FOB destination. The hair ge had a cost of $700. The appropriate party paid the shipping cost of $150. Paid for the purchase on October 23. Received the payment from Styling Room on the October 25 sale. 25 26 31 ornetual LO3 Required Record the journal entries for the month of OctoberStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started