Question
Post the following transactions- On March 20, the store received payment of $120 from a customer who purchased a snowboard on credit during week 2.
Post the following transactions-
On March 20, the store received payment of $120 from a customer who purchased a snowboard on credit during week 2. On March 21, a customer returned an unused snowboard. Avery gave the | |||||
customer a full refund, in the amount of $330 in cash. The snowboard cost Avery $178. | |||||
On March 23, week 3 sales were recorded. Sales for week 3 totaled $4300. Of this amount, $1700 was in cash, the remainder on credit. The cost of the snowboards sold was $1421. On March 27, | |||||
Avery paid the Mad River Snow Board Manufacturing Company $1320. | |||||
On March 31, week 4 sales are recorded. Sales for week 4 totaled $3700. $1256 was in cash, the remainder on credit. The cost of the snowboards sold was $1073. | |||||
On March 31, the store received a bill for internet and phone services for the month of March. The amount of the bill is $1098. The bill is due on April 15. | |||||
You perform an inventory of the supplies on March 31. The count reveals that there is $134 worth of supplies left on hand at the end of the month. Wages for the last 2 weeks of March in the amount of $2120 will be paid on April 1. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started