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PLEASE HELP ME WITH THE JOURNAL ENTRIES Presented here are selected transactions for Toth Company during September of the current year. Toth Company uses a

PLEASE HELP ME WITH THE JOURNAL ENTRIES

Presented here are selected transactions for Toth Company during September of the current year. Toth Company uses a perpetual inventory system.

Sept. 2 Purchased equipment on account for $69,400, terms n/30, FOB destination.
3 Freight charges of $940 were paid by the appropriate party on the September 2 purchase of equipment.
4 Purchased supplies for $4,400 cash.
6 Purchased inventory on account from Southlake Corp. at a cost of $61,700, terms 1/15, n/30, FOB shipping point.
7 Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase.
8 Returned damaged goods costing $5,500 that were originally purchased from Southlake Corp. on September 6. Received a credit on account.
9 Sold goods costing $16,300 to Fischer Limited for $21,300 on account, terms 2/10, n/30, FOB destination.
10 Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory.
17 Received the balance due from Fischer.
20 Paid Southlake Corp. the balance due.
21 Purchased inventory for $5,500 cash.
22 Sold inventory costing $20,200 to Kun-Tai Inc. for $25,500 on account, terms n/30, FOB shipping point.
23 Freight charges of $500 were paid by the appropriate party on the September 22 sale of inventory.
28 Kun-Tai returned goods sold for $10,100 that cost $7,500. The merchandise was restored to inventory.

Record the September transactions on Toth Companys books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

Sept. 2

e

3

4

6

enter an account title for the journal entry on September 6

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 6

enter a debit amount

enter a credit amount

7

enter an account title for the journal entry on September 7

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 7

enter a debit amount

enter a credit amount

8

enter an account title for the journal entry on September 8

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 8

enter a debit amount

enter a credit amount

9

enter an account title to record sale of merchandise on account on September 9

enter a debit amount

enter a credit amount

enter an account title to record sale of merchandise on account on September 9

enter a debit amount

enter a credit amount

(Sale of merchandise on account)

9

enter an account title to record cost of goods sold on September 9

enter a debit amount

enter a credit amount

enter an account title to record cost of goods sold on September 9

enter a debit amount

enter a credit amount

(Cost of goods sold recorded)

0

enter an account title for the journal entry on September 10

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 10

enter a debit amount

enter a credit amount

17

enter an account title for the journal entry on September 17

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 17

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 17

enter a debit amount

enter a credit amount

20

enter an account title for the journal entry on September 20

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 20

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 20

enter a debit amount

enter a credit amount

21

enter an account title for the journal entry on September 21

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 21

enter a debit amount

enter a credit amount

22

enter an account title to record sale of merchandise on account on September 22

enter a debit amount

enter a credit amount

enter an account title to record sale of merchandise on account on September 22

enter a debit amount

enter a credit amount

(Sale of merchandise on account)

22

enter an account title to record cost of goods sold on September 22

enter a debit amount

enter a credit amount

enter an account title to record cost of goods sold on September 22

enter a debit amount

enter a credit amount

(Cost of goods sold recorded)

23

enter an account title for the journal entry on September 23

enter a debit amount

enter a credit amount

enter an account title for the journal entry on September 23

enter a debit amount

enter a credit amount

28

enter an account title to record return of merchandise on September 28

enter a debit amount

enter a credit amount

enter an account title to record return of merchandise on September 28

enter a debit amount

enter a credit amount

(Return of merchandise)

28

enter an account title to record return of merchandise, assuming goods are resaleable and returned to inventory on September 28

enter a debit amount

enter a credit amount

enter an account title to record return of merchandise, assuming goods are resaleable and returned to inventory on September 28

enter a debit amount

enter a credit amount

(Return of merchandise, assuming goods are resaleable and returned to inventory)

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