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plesse make tables clear on what needs to go where. thank you More info 2017 Jul. 8 12 13 Sold merchandise on account, $650, to
plesse make tables clear on what needs to go where. thank you
More info 2017 Jul. 8 12 13 Sold merchandise on account, $650, to Radical Co.: terms 4/10, n/30. Cost of merchandise was $330. Purchased office equipment on account from MMR Co., $1,000. Made refunds to cash customers, $180, for defective merchandise. The cost of defective merchandise was $35. Print Done Journalize the following transactions. Assume a perpetual inventory system. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) July 8: Sold merchandise on account, $650, to Radical Co.: terms 4/10,n/30. Cost of merchandise was $330. Begin by journalizing the sale. (Do not record the expense related to the sale. We will do that in the following step.) Journal Entry PR Dr. . Cr. Date Accounts Jul. 8 Now journalize the cost of the merchandise sold. Journal Entry PR Accounts Dr. Cr. Date Jul. B July 12: Purchased office equipment on account from MMR Co., $1,000 Journal Entry PR Accounts Dr. Cr. Date Jul 12 July 12: Purchased office equipment on account from MMR CO., $1,000 Journal Entry PR Accounts Dr. Cr. Date Jul 12 July 13: Made refunds to cash customers, 5180, for defective merchandise. The cost of defective merchandise was $35. Start by journalizing the refund. (Do not to Journal Entry PR Dr. Cr Date Accounts Jul 13 Now journalize the cost of defective merchandise Journal Entry PR Dr. Cr. Date Accounts Jul 15 Bournalize the following transactions. Assume a perpetual inventory syste Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries July 8: Sold merchandise on account, $650, to Radical Co.: terms 4/10,n/ Begin by journalizing the sale. (Do not record the expense related to the sa Journal Entry Date Accounts PR Jul. 8 Accounts Payable, MMR Co. Now jour Accounts Receivable, Radical Co. Cash Date PR DI Jul. 8 Cost of Goods Sold Merchandise Inventory Office Equipment July 12:P Sales Co., $1,000 Sales Discounts Date PR. Dr. Jul 12 Sales Returns and Allowances Step by Step Solution
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