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pls use chart thanks Question 8 10 pts Journalize the following transactions: Jan 3 Sullivan Co. sold merchandise on account to Barney Co., $7,200, terms
pls use chart thanks Question 8 10 pts Journalize the following transactions: Jan 3 Sullivan Co. sold merchandise on account to Barney Co., $7,200, terms FOB destination, net/eom. The cost of the merchandise sold was $2,300. Jan 8 Sullivan Co. paid $335 freight charges on purchase from Sullivan Co. Jan 14 Sullivan Co. issued Barney Co, a credit memo for merchandise returned. $1,200. The cost of the merchandise returned was $700. Jan 30 Sullivan Co, received payment from Barney Co. for purchase of Jan 3. Journalize the entries for Sullivan Company first below (format: use Chart of Accounts for names, but DO NOT bother to include company names; debits and credits should be whole numbers, WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS) Date Account Names Debit Credit Jan 3 110 Cash 210 Accounts Payable 120 Accounts Receivable 220 Notes Payable 125 Notes Receivable 225 Interest Payable 130 Prepaid Insurance 230 Unearned Fees 135 Prepaid Rent 240 Wages Payable 140 Inventory 245 Salaries Payable 150 Supplies 250 Customer Refunds Payable 160 Equipment Stockholder's Equity: 165 Machinery 310 Common Stock 170 Allowance for Doubtful Accounts 315 Preferred Stock 175 Accumulated Depreciation 320 Retained Earnings 176 Estimated Returns Inventory 330 Cash Dividends 335 Stock Dividends 340 Paid In Capital in Excess of Par 410 Fees Earned 415 Sales 420 Rent Revenue 430 Gain on Sale 431 Loss on Sale 435 Cash Short/Over 505 Cost of Goods Sold 510 Rent Expense 520 Wages Expense 525 Interest Expense 530 Insurance Expense 540 Depreciation Expense 550 Supplies Expense 560 Utilities Expense 570 Bad Debt Expense 580 Delivery Expense 590 Miscellaneous Expense Jan 30 Journalize the entries for Barney Company next, below (format: use Chart of Accounts for names, but DO NOT bother to include company names; debits and credits should be whole numbers, WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS) Date Account Names Debit Credit Jan 3 Jan 14
pls use chart thanks
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