Questions for accounting 101. Hope you can explain it.
Solve part c.
WileyPLUS El ASSIGNMENT RESOURCES Clla tera Assi lune"! Level Submission) Brief Exercise 873 Part Level S bmission Brief Exercise 8-5 [Part | Lug out yPLUS Myw eyPLUS | Helg | INTRODUCTION TO ACCOUNTING I-MAJORS(ACTGIP11) Kimmel, Financial Accounting, Seventh Canadian E MESSAGE m INSYRUCIOR suqunn vxew DRINYER vensxon 4 BACK NEXT > Brief Exercise 8-2 (Part Level Submission) Record the following transactions on the books or Beca Corp., which uses a perpetual inventory system. V (a) Level Submission) v Your answer is correct. Brief Exercise 876 Part Level Submission) Brief Exercise 8-7 Part Level Submission Brief Exercise 8-12 Part Level Submission) Brief Exercise 8-14 Part Level Submission Brief Exercise 8-15 {Part Level Submission) Problem 8-11A Part Level Submission Exgand Vour Critical Thinking as (Part Level Submissmn Review Ssore Review Results by study Obiective On July 1, Beca Corp. sold merchandise on account to Cambridge Inc. for 552,300, terms 2/10, n/3o. The cost of the merchandise sold was $31,300. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Dale Account Tides and Explanation Credit July 1 Accounts Receivable 52300 52300 iK In I I I I II II II II (To record credit sale) July 1 Cost of Goods sold 31500 31500 |K |n Inventory (To reoord cost of merchandise sold) si-iow LIST or ACCOUNTS LINK TO TEXT Attempts: 1 of 15 used V (b) v Your answer is carrect. On July 8, Cambridge returned merchandise worth $6,900 to Beca. Its original cost was $4,640, The merchandise was restored to inventory. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) WileyPLUS El ASSIGNMENT RESOURCES Clla tera ASS "men! B iExercis (Pa Level Submission) Brief Exercise 873 (Part Level 5 brnisslon Brief Exercise 3-5 [Part Level Submission) Brief Exercise see (Part Level Submission Brief Exercise 3-7 (Part Level Submission) Brief Exercise 8-12 Part Level Submission Brief Exercise 8-14 (Part Level Submission) Brief Exercise 8-15 Part Level Submission Problem 8-11A (Part Level Submission) Exgand Vour Critical Thinking as (Part Level Submissmn Review Sure Revlew Results by Study Obiective yPLUS Myw eyPLUS | Lela I I M INTRODUCTION TO ACCOUNTING I-MAJORS(ACTGIP11) 4 BACK NEXT > Kimmel, Financial Accounting, Seventh Canadian E MESSAGE uv INSIRUCIOR STANDARD vwa mums: vsnsmn Your answer is correct. On July 8, Cambridge returned merchandise worth $6,900 to Beoa. Its original cost was $4,640. The merchandise was restored to inventory. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Amount Titles and Exalanaon Debit Credit 6900 ms ea...R...me...x...w....s - _ (To record Sales return) Juli/3 Inventory 4640 _ Cost of Gands Sold (To record cost of merchandise returned) snow us! or Accounts LINK To TEXT Attempts: 1 of 15 used V (C) On July 9, Cambridge paid for the merchandise. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter a for the amounts.) Debit Date Amount \"ties and Explanation Credit July 9 l
