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Received a $560 credit memorandum form Light Co. for the return of part of the merchandise purchased on October 9. 9. Received the balance due

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Received a $560 credit memorandum form Light Co. for the return of part of the merchandise purchased on October 9. 9. Received the balance due from Creek Co. for the invoice dated October 7. Net of the discount. 10. Paid cash for a newspaper advertisement. $260. 11. A summary of the petty cash expenditures made by petty cash custodian is as follows: Delivery charges on merchandise purchased $60 Supplies purchased and used 25 Postage expense 40 I.O.U. from employees 17 Miscellaneous expense 36 The petty cash fund was replenished. The balance in the fund was $16. 12. Paid Office station Co. For part of the debt incurred on October 1. $1.000. 14. Weekly payroll of $3,000 entirely subject to F.I.C.A. and Medicare (7.65%), with Income tax withholding of $1,420 and union dues of $99 deducted. Journal entry to record salaries and wages paid 15.Sold merchandise that cost $800 to art Co. For $1600 under credit terms of 2/15, n/60, FOB shipping point, invoice dated October 15. 16 issued a $260 credit memorandum to Art Co. for an allowance on goods sold on October 15 The merchandise had cost $120. 16. Pied light Co the balance due after deducting the discount. 17 Soled merchandise that cost $600 to customers for $1,300 Cash .under FOB shipping point Sales are sublet to a 11.5% sales tax. 17. Paid cash for supplies. $1,750. 17 Purchased land and building for $200,000 cash. The appraised values are building, $122,500, and land. S77.500. 24.Received the balance due from Art Co. For the invoice dated October 15, net of discount. 25. Sold merchandise that cost $800 to customers for $1,800 cash, under FOB shipping point. Received a $560 credit memorandum form Light Co. for the return of part of the merchandise purchased on October 9. 9. Received the balance due from Creek Co. for the invoice dated October 7. Net of the discount. 10. Paid cash for a newspaper advertisement. $260. 11. A summary of the petty cash expenditures made by petty cash custodian is as follows: Delivery charges on merchandise purchased $60 Supplies purchased and used 25 Postage expense 40 I.O.U. from employees 17 Miscellaneous expense 36 The petty cash fund was replenished. The balance in the fund was $16. 12. Paid Office station Co. For part of the debt incurred on October 1. $1.000. 14. Weekly payroll of $3,000 entirely subject to F.I.C.A. and Medicare (7.65%), with Income tax withholding of $1,420 and union dues of $99 deducted. Journal entry to record salaries and wages paid 15.Sold merchandise that cost $800 to art Co. For $1600 under credit terms of 2/15, n/60, FOB shipping point, invoice dated October 15. 16 issued a $260 credit memorandum to Art Co. for an allowance on goods sold on October 15 The merchandise had cost $120. 16. Pied light Co the balance due after deducting the discount. 17 Soled merchandise that cost $600 to customers for $1,300 Cash .under FOB shipping point Sales are sublet to a 11.5% sales tax. 17. Paid cash for supplies. $1,750. 17 Purchased land and building for $200,000 cash. The appraised values are building, $122,500, and land. S77.500. 24.Received the balance due from Art Co. For the invoice dated October 15, net of discount. 25. Sold merchandise that cost $800 to customers for $1,800 cash, under FOB shipping point

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