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Prepare journal entries to record the following transactions of the XYZ Company. July 1 Purchased goods from the Alfa Company for $ 3 , 0
Prepare journal entries to record the following transactions of the XYZ Company.
July
Purchased goods from the Alfa Company for $
Sold goods Beta for $
Sold
Sold goods to Beta Co for $
Received goods from the Delta Co for $
Received $ cash from the return of goods purchased on July
net of the discount,
Paid the balance dist. due from the Beta Co for the credit sale dated July
Sold goods to Gane to the Alfa Company within the discount period.
Granted a $ to Gamma for $
Paid the Delta to Gamma Co for an allowance on goods sold on July
Received the bala, the balance.
net of the discounce due from the Gamma Co for the credit sale dated July
Close all returns, allowances and discounts.
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