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Purchased calculators from Dragoo Co.at a total cost of $ 3, 300, terms n/30 paid freight of $75 on calculators purchased from Dragoo Co Returned
Purchased calculators from Dragoo Co.at a total cost of $ 3, 300, terms n/30 paid freight of $75 on calculators purchased from Dragoo Co Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications sold calculators costing $520 for $690 to Fryer Book Store, terms n/30 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30 Journalize the September transactions (in color). The following transactions are for Sola Company: On December 3, solarte Company sold $700,000 of merchandise to Rooney Co., terms 1/10, n/30 The cost of the merchandise sold was $380,000. On December 8, Rooney Co. was granted an allowance of $25,000 for merchandise purchased on December 3 On December 13, Solarte Company received the balance due from Rooney Co Prepare the journal entries to record these transactions on the books of Solarte Company. Solarte uses a perpetual inventory system. Assume Solarte Company received the balance due from Rooney Co. on January 2 of the following 2 year instead of December 13 prepare the journal entry to record he receipt of payment on January 2. Krey Distributing Company completed these merchandising transactions in the month of April. Purchased merchandise on account from Am-Bev Co. $8, 700, terms 2/10, n/30 sold merchandise on account $6,000, terms 2/10, n/30. The cost of the merchandise solid was $3, 700 Paid $200 freight on April 4 sale. Received credit rom AM-Bev Co. for merchandise returned $400
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