Print Item Book Sales-Related and Purchase-Related Transactions Using Periodic Inventory System Instruction Chart of Accounts Journal Instructions 4 5 The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov 3 Purchased merchandise on account from Moonlight Co ist price $120,000, trade discount 25%, terms FOB destination, 2/10, 1/30 Sold merchandise for cash, $53,500. The cost of the merchandise solid was $32,100 Purchased merchandise on account from Papoose Creek Co., $87,400, terms Foe shipping point, 2/10,n30, with prepaid freight of $1,150 added to the invoice. Returned $19,200 ($25,000 lint priceless trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co 8 Sold merchandise on account to Qulinn Co. $22,100 with terme rv15. The cost of the merchandise sold was $13.000 13 Paid Moonlight Co on account for purchase of November 3, less return of November 6, Sold merchandise on VISA $335,000. The cost of the merchandise sold was $198.700, Paid Papoose Creek Co, on account for purchase of November 5. Recived cash on account from sale of November to Quinn Co. Sold merchandise an account to Rabel Co 580,800, terms 1/10, 1/30. The cost of the merchandise sold was $48.300 Paid VISA service toe of $5,000 Pad Quinn Co. a cuth ratund $1,770 ter turmaged merchandise from sale of November 8, Gulen Co. kept the merchandise 14 15 23 28 30 Check My Workmore Check My Work uses remaining Previous Chart of Accounts CHART OF ACCOUNTS Harrison Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 121 Accounts Receivable-Quinn Co. 122 Accounts Receivable-Rabel Co. 125 Notes Receivable 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 103 Accumulated Depreciation Store Equipment 194 Omce Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Purchases 511 Purchases Rotuma and Allowances 512 Purchases Discounts 513 Freight in 521 Delvery Expense 522 Advertning Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense Check My Work 3 more Check My Works remaining Previa Email instructor Save and E Subnt Assignment for les-Related and Purchase-Related Transactions Using Periodic Inventory System Instructions Chart of Accounts Journal Chart of Accounts 141 Store Supplies 142 Prepaid Insurance 180 Land 513 Freight in 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense LIABILITIES 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY I 310 Owner, Capital 311 Owner, Drawing Check My Work 3 more Check My Work uses remaining. Instructions Chart of Accounts Journal Journal JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 1 11 11 16 th 16 Cuck My Work mor Check My Works remaining