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Please see attached document. Assignment is due Tuesday 10/18 mountain time Yolanda Hagen, a former disc golf star, operates Yolanda?s Discorama. At the beginning of
Please see attached document. Assignment is due Tuesday 10/18 mountain time
Yolanda Hagen, a former disc golf star, operates Yolanda?s Discorama. At the beginning of the current season on April 1, the ledger of Yolanda?s Discorama showed Cash $1,800, Inventory $2,400, and Owner?s Capital $4,200. The following transactions were completed during April.
Apr. 5 | Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point, terms2/10, n/60. |
7 | Paid freight on the Mumford purchase $60. |
9 | Received credit from Mumford Co. for merchandise returned $100. |
10 | Sold merchandise on account for $880, terms n/30. The merchandise sold had a cost of $528. |
12 | Purchased disc golf shirts and other accessories on account from Saucer Sportswear $675, terms 1/10, n/30. |
14 | Paid Mumford Co. in full, less discount. |
17 | Received credit from Saucer Sportswear for merchandise returned $75. |
20 | Made sales on account for $680, terms n/30. The cost of the merchandise sold was $400. |
21 | Paid Saucer Sportswear in full, less discount. |
27 | Granted an allowance to customers for clothing that was flawed $20. |
30 | Received payments on account from customers $840. |
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