Question
Please I need help I asked a tutor this already and they didn't answer the question so I wasted a question on them. I need
Please I need help I asked a tutor this already and they didn't answer the question so I wasted a question on them. I need to check my answer on this review question I have an exam tomorrow and I want to get a good grade on it because right now I'm not doing well in my classes.
I have to write-up a journal entry using the perpetual method
Nov. 2 Syracuse Co., sold merchandise on account to Beecher Co., $16,000, terms FOB shipping point, 2/10, n/30. Freight charges of $375 were paid by the Syracuse Co., and added to the invoice. The cost of the merchandise sold was $10,000.
Nov. 8 Syracuse Co., sold merchandise on account to Beecher Co., for $24,750, terms FOB destination, with credit terms of 1/15, n/eom. The cost of the merchandise sold was $14,850.
Nov. 8 Syracuse Co., paid freight of $640 for delivery of merchandise sold to Beecher So., on November 8.
Nov. 12 Beecher Co., returned $5,750 of merchandise purchased on account on November 8 from Syracuse Co. The cost of merchandise returned was $3,000.
Nov. 12 Beecher Co., paid Syracuse Co., for purchased of November 2, less discount.
Nov. 23 Beecher Co., paid Syracuse Co, for purchase of November 8, less discount and less return of November 12.
Nov. 24 Syracuse Co., sold Beecher Co., merchandise on account, $13,200 terms FOB shipping point n/eom. The cost of merchandise sold was $8,000.
Nov. 26 Beecher Co., paid freight of $290 on November 24 purchase from Syracuse Co.
Nov. 30 Beecher Co., paid Syracuse Co., on account for purchase of November 24
Please write the entry so I can compare it to my answers and see what I got wrong
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