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Question 19 (1 point) Account titles available for use: Cash Accounts Receivable Purchases Purchase Allowances Purchase Returns Sales Revenue Cost of Goods Sold Freight Expense
Question 19 (1 point) Account titles available for use: Cash Accounts Receivable Purchases Purchase Allowances Purchase Returns Sales Revenue Cost of Goods Sold Freight Expense Accounts Payable Purchase Discounts Sales Returns Interest Expense Inventory Supplies Freight-In Loss from Inventory Shrinkage Record the following transaction using the periodic method. For account titles use the account names listed above (be cautious about spelling as this can return an incorrect answer). For transaction amounts do not use "$" or commas in your answer. For compound entries list the larger debits and credit first. Purchased $7,900 of goods on account. The freight charges on the goods were $50. DR ACCT A DR amount DR ACCT A DR amount AJ CR ACCT A CR amount A/ Question 20 (1 point) Question 20 (1 point) Account titles available for use: Cash Accounts Receivable Purchases Purchase Allowances Purchase Returns Sales Revenue Cost of Goods Sold Freight Expense Accounts Payable Purchase Discounts Sales Returns Interest Expense Inventory Supplies Freight-In Loss from Inventory Shrinkage Record the following transaction using the periodic method. For account titles use the account names listed above (be cautious about spelling as this can return an incorrect answer). For transaction amounts do not use "$" or commas in your answer. Found some of the goods from the June 1 purchase, costing $45, that were damaged and were returned to the seller; the seller reduced the amount we owed by the $45. DR ACCT A DR amount A CR ACCT A CR amount A/ Question 21 (1 point) Account titles available for use: Cash Accounts Receivable Purchases Purchase Allowances Purchase Returns Sales Revenue Cost of Goods Sold Freight Expense Accounts Payable Purchase Discounts Sales Returns Interest Expense Inventory Supplies Freight-in Loss from Inventory Shrinkage Record the following transaction using the periodic method. For account titles use the account names listed above (be cautious about spelling as this can return an incorrect answer). For transaction amounts do not use "$" or commas in your answer. Some items costing $150 were not what we had ordered and could not be used. We returned these items, and the supplier reduced the amount we owed. DR ACCT A DR amount AJ CR ACCT A CR amount A/
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