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Posted on Aug 27, 2024

Prepare Journal entries to record the transactions assuming a periodic Inventory system. 10 points Feb. 1 sold merchandise with a cost of $1,500 for $2,100;

Prepare Journal entries to record the transactions assuming a periodic Inventory system. 10 points Feb. 1 sold merchandise with a cost of $1,500 for $2,100; terms 2/10, n/30, Ton destination. 2 Paid $225 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product, it was returned to inventory. 4 Bold merchandise to a customer for $3,800 (coat of sales $2,280); teen 2/10, n/30, POB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for each of $1,200 (cont of sales $720) 28 The customer of Tebruary 4 paid the amount owing. eBook Print View transaction list References Journal entry worksheet MacBook Air Prepare Journal entries to record the transactions assuming a periodic Inventory system. 10 points Feb. 1 sold merchandise with a cost of $1,500 for $2,100; terms 2/10, n/30, Fon destination. 2 Paid $225 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product, it was returned to inventory. 4 Sold merchandise to a customer for $3,800 (cont of sales $2,280); terms 2/10, n/30, POB destination. 11 Collected the amount oving from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,200 (cont of sales $720) 28 The customer of Tebruary 4 paid the amount owing. eBook Print View transaction list References Journal entry worksheet MacBook Air 10 points View transaction list Journal entry worksheet eBook 1 2 3 4 5 6 7 Print Record sale of merchandise with a cost of $1,500 for $2,100; terms 2/10, n/30 FOB destination. References Note: Enter debits before credits General Journal Credit Date Feb. 01 Debit 2,1001 2,100 Record entry Clear entry View general Journal MC GE MacBook Air IJ QUID Chandle to a customer for cash of $1,200 (cont of sales $720). 20 The customer of February 4 paid the amount oving. 10 points View transaction list Journal entry worksheet eBook 3 4 5 6 7 > Print Record delivery expenses for goods sold $225. References Note: Enter debits before credits General Journal Debit Credit Date Feb. 02 Record entry Clear entry Clear entry View general Journal Mc Graw Hill COM MacBook Air m/30, on destination. 11 Collected the cont wing from the eastor of Tebruary 1. 23 Bold serchandise to a customer for cash of $1.200 cost of sales $720). 29 The customer of Pebruary 4 paid the mount owing. 10 points View transaction list Journal entry worksheet eBook Print Record return of merchandise References Note: Enter debits before credits General Journal Date Feb. 03 Debit Credit Record entry Clear entry View general Journal ME G Hill MacBook Air 29 The customs of broary 4 paid the amount oving- 5120 10 points View transaction list Journal entry worksheet Book Print Record sale of merchandise for $3,800 (cost of sales $2,280); terms 2/10, 130, FOB destination. References Note: Enter debts before credits General Journal Debit Dato Feb. 04 Credit Record entry Clear entry View general Journal Graw M H. MacBook Air BO QO0 of Fabruary 4 paid the ti 20). 10 points View transaction list Journal entry worksheet eBook MacBook Air 80 900 10 points View transaction list Journal entry worksheet eBook 1 2. 3 4 5 8 7. Print Record sale of merchandise for $1,200 for cash, cost of sales $720. References Note: Enter debits before credits General Journal Debit Credit Date Feb. 23 Record entry Clear entry View general journal M Graw MacBook Air 1.200 east at walga 97201 28 The customer of February 4 paid the amount owing. 10 points View transaction list Book Journal entry worksheet MacBook Air