Record cost of merchandise sold, $1,000. Note: Enter debits before credits. Record the cost of merchandise sold, $575. Note: Enter debits before credits. Sold merchandise to Creek Company for $6,900 under credit terms of 2/10, n/60,FOB shipping point, invoice dated July 31 . Journal entry worksheet net of the discount. Note: Enter debits before credits. Journal entry worksheet Record cost of merchandise sold, $2,200. Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|} \hline Date & General Journal & Debit & Credit \\ \hline July 08 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Journal entry worksheet 4 6 7 8 17 Sold merchandise to Creek Company for $1,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2 . Note: Enter debits before credits. Returned $600 of merchandise purchased on July 9 from Leight Company and debited its account payable for that amount. Note: Enter debits before credits. Paid Leight Company the balance due, net of discount. Note: Enter debits before credits. Journal entry worksheet 110101317 Received the balance due from Art Company for the invoice dated July 19, net of discount. Gave a price reduction (allowance) of $250 to Art Company for merchandise sold on July 19 and credited Art's accounts receivable for that amount. Note: Enter debits before credits. Paid the balance due to Boden Company within the discount period. Note: Enter debits before credits. Purchased merchandise from Leight Company for $2,600 under credit terms of 2/15,n/60, FOB destination, invoice dated July 9. Journal entry worksheet Paid $135 cash for freight charges on the purchase of July 1. Note: Enter debits before credits. July 1 Purchased merchandise from Boden Company for $6,900 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. July 2 Sold merchandise to Creek Company for $1,000 under credit teras of 2/10,n/60, Fob shipping point, invoice dated July 2 . The merchandise had cost $575. July 3 Paid $135 cash for freight charges on the purcbase of July 1 . July 8 sold merchandise that had cost $2,200 for $2,606 cash. July 9 Purchased merchandise from Leight Company for $2,600 under credit terms of 2/15, n/60, F0B destination, invoice dated July 9. uly 11 Returned $600 of merchandise purchased on July 9 fron telght company and deblted its account payable for that anount. uly 12 Received the balance due from Creek Company for the Irvolice dated July 2 , net of the discount. uly 16 paid the balance due to Boden company within the discount period. wiy 19 Sold merchandise that cost $1,900 to Art Company for $1,500 under credit terms of 2/15, a/6e, fo8 shipping point, Invoice dated July 19. uly 21 Gave -a price reduction (allowance) of \$25e to Art Company for merchandise sold on July 19 and credited Art's accounts recelvable for that amount. ouly 24 Pald leight Company the balance due, net of discount. bily 30 Becelved the balance due fron Art Company for the invoice dated July 19, net of discount. ouly 31 sold merchandise that cost $5,700 to Creek company for $6,900 under credit terns of 2/10,n/60, Foe shipping point, invoice dated July 31 . Journal entry worksheet 234567817> Purchased merchandise from Boden Company for $6,900 under credit terms of 2/15,n/30, FOB shipping point, invoice dated July 1. Sold merchandise to Art Company for $1,500 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 11011121314151617 Record cost of merchandise sold, $5,700
