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Sales and purchase - related transactions using perpetual inventory system The following were selected from among the transactions completed by Essex Company during July of
Sales and purchaserelated transactions using perpetual inventory system The following were selected from among the transactions completed by Essex Company during July of the current year: July Purchased merchandise on account from Hamling Co list price $ trade discount terms FOB shipping point, with prepaid freight of $ added to the invoice. Purchased merchandise on account from Kester Co $ terms FOB destination, Sold merchandise on account to Parsley Co $ terms The cost of the goods sold was $ Returned merchandise with an invoice amount of $ purchased on July from Kester Co Paid Hamling on account for purchase of July Paid Kester Co on account for purchase of July less return of July Received cash on account from sale of July to Parsley Co Sold merchandise with a list price of $ to customers who used MasterCard and who redeemed $ of pointofsale coupons. The cost of the goods sold was $ Sold merchandise on account to Tabor Co $ terms The cost of the goods sold was $ Sold merchandise for cash, $ The cost of the goods sold was $ Paid Parsley Co a cash refund of $ for returned merchandise from sale of July The cost of the returned merchandise was $ Paid MasterCard service fee of $ During July, printed a coupon with each customer's sales receipt for $ off the customer's next purchase of over $ The coupons may be redeemed during August. Of the total of coupons printed, it is estimated that will be redeemed.
Sales and purchaserelated transactions using perpetual inventory system
The following were selected from among the transactions completed by Essex Company during July of the current year:
July Purchased merchandise on account from Hamling Co list price $ trade discount terms FOB shipping point, with prepaid freight of $ added to the invoice.
Purchased merchandise on account from Kester Co $ terms FOB destination,
Sold merchandise on account to Parsley Co $ terms The cost of the goods sold was $
Returned merchandise with an invoice amount of $ purchased on July from Kester Co
Paid Hamling on account for purchase of July
Paid Kester Co on account for purchase of July less return of July
Received cash on account from sale of July to Parsley Co
Sold merchandise with a list price of $ to customers who used MasterCard and who redeemed $ of pointofsale coupons. The cost of the goods sold was $
Sold merchandise on account to Tabor Co $ terms The cost of the goods sold was $
Sold merchandise for cash, $ The cost of the goods sold was $
Paid Parsley Co a cash refund of $ for returned merchandise from sale of July The cost of the returned merchandise was $
Paid MasterCard service fee of $
During July, printed a coupon with each customer's sales receipt for $ off the customer's next purchase of over $ The coupons may be redeemed during August. Of the total of coupons printed, it is estimated that will be redeemed.
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