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PLEASE HELP ME SOLVE THESE MERCHANDISING TRANSACTIONS It is 2 problems only Question 1 1 Take me to the text Not checked Marked out of

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PLEASE HELP ME SOLVE THESE MERCHANDISING TRANSACTIONS

It is 2 problems only

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Question 1 1 Take me to the text Not checked Marked out of Assume you are the bookkeeper for Constance's Wholesalers, a distributor of kitchen furniture. Your sales manager informed you that Ben's Retailers is unhappy with the quality of some tables delivered on September 4, 2019, and will be shipping back all of the goods. The original invoice amounted to 22.00 $3,000 and the goods cost Constance's $1,300. Using a perpetual inventory system, complete the journal entries for Constance's Wholesalers for each of the following independent scenarios. Flag Do not enter dollar signs or commas in the input boxes. question Round all answers to 2 decimal places, Enter debit accounts in alphabetical order. Required a) Rather than taking back the tables, your sales manager agreed to allow Ben's Retailers a 15% discount if they agree to keep the goods. Record Ben's payment in settlement of the invoice on October 4 assuming the allowance is not recorded until the settlement date. Date Account Title and Explanation Debit Credit 2019 Oct 4 Collected outstanding accounts receivable b) Suppose that Ben's shipped back all of the goods on September 17 and the inventory was put back on the sales floor. Journalize the transactions. Record the sales return transaction first. Date Account Title and Explanation Debit Credit 2019 Sep 17 Record sales returns Sep 17 Restock inventory () Suppose that Ben's shipped back half of the goods on September 17 and kept the other half with a 5% allowance. Journalize the transactions. Record the sales return transaction first. Date Account Title and Explanation Debit Credit 2019 Sep 17 Record sales returns Sep 17 Restock inventoryQuestion 13 Take me to the text Not checked Marked out of If a computer company bought computers for $10,000 and sold them for $16,000, how much would the gross profit be on the entire shipment if the business took advantage of the early cash payment terms of 4/10, n/60 from its supplier? 1.00 Do not enter dollar signs or commas in the input box. P Flag question Gross Profit = $ Check

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