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Please see the image below and journalize to Sept 30 retums at the crai cf eac 1 month. Reaard detits first, then credits. ERCIudtex arations
Please see the image below and journalize to Sept 30
retums at the crai cf eac 1 month. Reaard detits first, then credits. ERCIudtex arations from ournal entnes. Assume the ?mpany rocar s sales at the net amount. (Click the Icon to view the transactons.) Sep. 3 Purchasd inventory an account fram Silton wholesalers,?5,000. Terms 2/15, nEOM, FOB shipping point 1 More Info Date Debit Credit Sep. 3 Sep, 3Purchased marchandise inventory on account fram Silton Wholesalers, $5,000 Terms 215, nEOM, FOB shipping point. 4 Paid freight bill of S40 on Seplember 3 purchase. 4 Purchase merchandise inventary for cash of $2,aa. 6 Returned S800 of inventory from September 3 purchase. B Sold merchandise invantary to Harvay Company, $6,800, on accut. Toms Sep. 4: Pald freight bill of $40 on Saptember 3 purchase. 216, n36. Cost of goods, $2,320. 9 Purchased merchandise inventory on account from Teylor Wholesalers, 6,500 Debit Credit Sep. 4 Terms 110, n30, FOB destination. 10 Made payment to Silo Wholesakers for gonds purchased on September 3, less reeturri and discournt Accounts Payable -Siton wholeselers Accounts Payeble-Taylor Wholesalers Accounts Receivable Harvey Company 12 Raceved payment from Harvey Company, lees discount. 13 Mler negoialionis, received a $100 alowance from Taylar Who esalers. 15 Sold merchandise inventory to Johnson Company, 33,100, on account. Temms 4: Purch Accounts nEOM, Cost of goods, $1,333, 22 Made payrnent less alowance, to Taylor Wholesalers for goods purchased on 23 Johnson Company etumed $400 of the marchandise sold on September 15. 25 Sold merchandise inventory to Shelton for $1,20D en account that cost S504. Debit Credit Sep. 4 Cost of Gaods Sold Delivery Expanse Estimated Retums Inventory Freight In Merchandise Inventory Cast of gonds, $172. Terms of 2/10, ?.30 was ottered, FOB shipping point. As a courtesy to Shelton, $45 of freight was edded to the invoice for which cash was paid by Violet 29 Racoived paymant from Shelton, ass discount 30 Receved payment from Jchnson Company, less return. Sep. 6: Ratume Purchase Discounts Purchase Returns and Alowance8 Purchases Refunds Payable Sales Revenue Credit Sep. 6 Print Done
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