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Presented below are transactions related to Bogner Company. 1. On December 3, Bogner Company sold $650,000 of merchandise to Maris Co., terms 2/10, n/30, FOB
Presented below are transactions related to Bogner Company. 1. On December 3, Bogner Company sold $650,000 of merchandise to Maris Co., terms 2/10, n/30, FOB shipping point. The cost of th 2. On December 8, Maris Co. was granted an allowance of $29, 500 for merchandise purchased on December 3. 3. On December 13, Bogner Company received the balance due from Maris Co. Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system. Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Buildings Cash Casualty Loss from Vandalism Common Stock Cost of Goods Sold Depreciation Expense Dividends Dividend Revenue Equipment Freight-In Freight-Out Gain on Disposal of Plant Assets Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable Net Sales No Entry Notes Payable Operating Expenses Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Commissions Expense Sales Commissions Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense Utilities Payable
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