please help me solve here are the journal entry options
Prepare joumal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. Hint It will help to identify each receivable and payable, for example, record the purchase on July 1 in Accounts Payable-Boden July 1Purchased merchandise from Boden Company for $6,000 under credit terms of 2/15, 1/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $950 under credit terms of 2/10, 1/60, FOB shipping point, invoice dated July 2. The merchandise had cost 9567. 3 Paid 5135 cash for freight charges on the purchase of July 1. Sold merchandise that had cost $2,100 for $2.500 cash 9. Purchased merchandise from Leight Co. tor 92.600 under credit terms of 2/15, n/60, POB destination, invoice dated July 9. 11 Returned 4600 of merchandise purchased on July 9 from Leight Co., and debited C# account payable for that unt. 12 Received the balance due from Creek Co. for the invoice dated July 2, bet of the discount 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $800 to Art Co. for $1.200 under eredic terms of 2/15, 1/60, FOB shipping point, voice dated July 19. 21 Ove price reduction allowance) of $200 to Art Co. for merchandise sold on July 19, and credited Art accounts receivable for that amount. 25 Sid Leigh balance dut, net ods.scount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount 31 Sold merchandise that cost $5.600 to Creek Co. for $6.900 under credit terno 2/10, 1/60.YOB shipping point. Invoice dated July 31. Journal entry worksheet 1 2 3 4 5 6 7 8 17 Purchased merchandise from Boden Company for $6,800 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. Note: Enter debits before credits. General Journal Debit Credit Dato July 01 Recordanti Clearance 1 1 2. 3 4 5 6 7 8 . 17 Purchased 2/15, n/30 nder credit terms of Accounts payable-Art Accounts payable-Boden Accounts payable---Creek Accounts payable-Leight Note: Enter del Date Debit Credit July 01 6 4 5 Accounts receivable-Art 7 8 17 esed n/30 Accounts receivable-Boden Inder credit terms Accounts receivable-Creek Accounts receivable-Leight er del Accumulated depreciation Additional paid-in capital Debit Credit 1 1 4. 2 3 Bond premium 5 6 7 8 17 Bonds payable Purchased 2/15, n/30 nder credit terms o Building Cash te: Enter det Common stock Date Cost of goods sold Debit Credit July 01 EEEEE archased 15, n/30 Depreciation expense Discount on bonds payable Dividends declared nder credit terms of Goodwill e: Enter det Interest expense Date Debit Credit July 01 1 1 2. . 3 4 5 6 7 8 17 Interest income nder credit terms o ased n/30 Interest payable Interest receivable Land nter det Merchandise inventory ate Debit Credi Miccola UC yo1 al entry worksheet 1 2 3 4 5 6 7 8 LU Merchandise inventory ased n/30 nder credit Miscellaneous expenses Sales ter det Sales discounts te Sales returns and allowances Debit 01 Prepare joumal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. Hint It will help to identify each receivable and payable, for example, record the purchase on July 1 in Accounts Payable-Boden July 1Purchased merchandise from Boden Company for $6,000 under credit terms of 2/15, 1/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $950 under credit terms of 2/10, 1/60, FOB shipping point, invoice dated July 2. The merchandise had cost 9567. 3 Paid 5135 cash for freight charges on the purchase of July 1. Sold merchandise that had cost $2,100 for $2.500 cash 9. Purchased merchandise from Leight Co. tor 92.600 under credit terms of 2/15, n/60, POB destination, invoice dated July 9. 11 Returned 4600 of merchandise purchased on July 9 from Leight Co., and debited C# account payable for that unt. 12 Received the balance due from Creek Co. for the invoice dated July 2, bet of the discount 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $800 to Art Co. for $1.200 under eredic terms of 2/15, 1/60, FOB shipping point, voice dated July 19. 21 Ove price reduction allowance) of $200 to Art Co. for merchandise sold on July 19, and credited Art accounts receivable for that amount. 25 Sid Leigh balance dut, net ods.scount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount 31 Sold merchandise that cost $5.600 to Creek Co. for $6.900 under credit terno 2/10, 1/60.YOB shipping point. Invoice dated July 31. Journal entry worksheet 1 2 3 4 5 6 7 8 17 Purchased merchandise from Boden Company for $6,800 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. Note: Enter debits before credits. General Journal Debit Credit Dato July 01 Recordanti Clearance 1 1 2. 3 4 5 6 7 8 . 17 Purchased 2/15, n/30 nder credit terms of Accounts payable-Art Accounts payable-Boden Accounts payable---Creek Accounts payable-Leight Note: Enter del Date Debit Credit July 01 6 4 5 Accounts receivable-Art 7 8 17 esed n/30 Accounts receivable-Boden Inder credit terms Accounts receivable-Creek Accounts receivable-Leight er del Accumulated depreciation Additional paid-in capital Debit Credit 1 1 4. 2 3 Bond premium 5 6 7 8 17 Bonds payable Purchased 2/15, n/30 nder credit terms o Building Cash te: Enter det Common stock Date Cost of goods sold Debit Credit July 01 EEEEE archased 15, n/30 Depreciation expense Discount on bonds payable Dividends declared nder credit terms of Goodwill e: Enter det Interest expense Date Debit Credit July 01 1 1 2. . 3 4 5 6 7 8 17 Interest income nder credit terms o ased n/30 Interest payable Interest receivable Land nter det Merchandise inventory ate Debit Credi Miccola UC yo1 al entry worksheet 1 2 3 4 5 6 7 8 LU Merchandise inventory ased n/30 nder credit Miscellaneous expenses Sales ter det Sales discounts te Sales returns and allowances Debit 01
