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required ledger inventory, cost of goods sold and sale journal 6.1C. The following transactions occurred for Lodge Co. of St. Albert for the month of
required ledger inventory, cost of goods sold
and sale journal
6.1C. The following transactions occurred for Lodge Co. of St. Albert for the month of July: 2022 July 2 Sold merchandise to Joan Timkins Co. on account, $1,600, invoice No. 115, terms: net 30 days. Cost of inventory was $1,120. 5 Sold merchandise to Chris Cowan Co. on account, $825, invoice No. 116, terms: net 30 days. Cost of inventory was $577.50. 9 Sold merchandise to Cross \& Co. on account, $1,950, invoice No. 117, terms: net 30 days. Cost of inventory was $1,365. 12 Issued credit memorandum No. 1 to Joan Timkins Co. for $400 worth of merchandise returned because of faulty colouring match. Cost of inventory being returned is $280. 15 Sold merchandise to Chris Cowan Co. on account, \$925, invoice No. 118, terms: net 30 days. Cost of Inventory was $647.50. 19 Sold merchandise to Cross \& Co. on account, \$930, invoice No. 119 , terms: net 30 days. Cost of inventory was $651. 23 Sold merchandise to Joan Timkins Co. on account, $2,025, invoice No. 120, terms: net 30 days. Cost of inventory was $1,417.50. SALES JOURNAL PAGE 1
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