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Prepare journal journal entries to record the following periodic inventory transactions a Belton company. Use a separate account for each received one payable; for example,
Prepare journal journal entries to record the following periodic inventory transactions a Belton company. Use a separate account for each received one payable; for example, record the sale on June 1 and accounts receivable- Avery & Wiest. June 1 Sold merchandise to Avery \& Wiest for $9,500; terms 2/5, n/15, Fo8 destination (cost of sales $6,650 ). 2 Purchased $4,900 of merchandise from Angolac Suppliers; terms 1/10,n/20, fo8 shipping point. 4 Purchased merchandise inventory from Bastille Sales for $11,408; terms 1/15,n/45,F0B Bastille Sales. 5 Sold merchandise to Gelgar fon $11,000; terms 2/5,n/15, FoB destination (cost of sales \$7,700). 6 Collected the amount owing from Avery \& Wiest regarding the June 1 sale. 12. Paid Angolac Suppliens for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the June 4 purchase. Journal entry worksheet Record the sales on credit; terms 2/5,n/15, FOB destination. Note: Enter debits before credits. Journal entry worksheet 6 7 8 Record the purchase of merchandise; terms 1/10,n20, FOB shipping point. Note: Enter debits before credits. Journal entry worksheet 78 Record the purchase of merchandise; terms 1/15,n/45, FOB Bastille Sales. Note: Enter debits before credits. Journal entry worksheet 6 Record the credit sales; terms 2/5,n/15,FOB destination. Note: Enter debits before credits. Journal entry worksheet
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