Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please write all the entrys for transactions Joumalize the following transactions that occurted in Septernber for Cardinal, assuming the peipetual imvontory system is being used.

please write all the entrys for transactions image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Joumalize the following transactions that occurted in Septernber for Cardinal, assuming the peipetual imvontory system is being used. No explacabions ate needed Identify each iccounts payable and accounts receivable with the vendor or customer naine Cardinal esfimates sales returns at the end of each month (Rocoed debits first, then credits Excbode explanations from journal entries: Check your speling carelully and do not abbreviate. Assume the coenpany records sales at the net amount). (CEck the lcon to view the transactions) Sep. 3. Purchased merchandse inventory on acceunt from Sideckl Wholenalers, $3,500. Teims 2IT5, nEOM. FOB shieping point. Sin 4 Paid freight bill of 45 on Sdptember 3 purchase Sep. 8. Sold merchandise inventory to Herenda Company, $5,900, on account. Tems 3115,n/35. Cost of goods, $2,419 Begin by preparing the entry to jo foalize the sale portion of the transaction. Do not record the expence related to the sale. We will do that in the following step More info sed. No explanati month. (Record net amount.) II do that in the fo II do that in th

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

3rd Edition

0978727932, 978-0978727932

More Books

Students also viewed these Accounting questions

Question

OUTCOME 3 Outline the methods by which firms recruit externally.

Answered: 1 week ago

Question

OUTCOME 2 Outline the methods by which firms recruit internally.

Answered: 1 week ago