Question
Presented below are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail
Presented below are selected transactions of Pina Company. Pina sells in large quantities to other companies and also sells its product in a small retail outlet.
March 1 | Sold merchandise on account to Dodson Company for $5,200, terms 3/10, n/30. | |
3 | Dodson Company returned merchandise worth $100 to Pina. | |
9 | Pina collected the amount due from Dodson Company from the March 1 sale. | |
15 | Pina sold merchandise for $500 in its retail outlet. The customer used his Pina credit card. | |
31 | Pina added 1.20% monthly interest to the customers credit card balance. |
Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit | |
---|---|---|---|---|
choose a transaction date March 1March 3March 9March 15March 31 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date March 1March 3March 9March 15March 31 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
| enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date March 1March 3March 9March 15March 31 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date March 1March 3March 9March 15March 31 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount |
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