Question
Sandhills book warehouse distributes hardback books to retail storees and extends credit terms of 1./10, n/30 to all of its customers during the month of
Sandhills book warehouse distributes hardback books to retail storees and extends credit terms of 1./10, n/30 to all of its customers during the month of June, the foillowing merchandising transactions occurred.
June 1 Purchased books on account for 1600 from binsfeld publishers terms 2/10, n/30.
june 3 sold books on account to reading rainbow for 2500 the cost of the books sold was 1500
june 6 Received 100 credit for books returned to binsfeld publishers
june 9 paid binsfeld publishers in full
june 15 fReceived paymewnt in full from reading rainbow
june 17 Sold books on account to rapp books fore 1500 the cost of the merchandise sold was 900
June 20 Purchased books on account for 1500 from mcginn publisher, tern 1/15, n/30
june 24 Received payment in full from rapp books
june 26 Paid mcginn publishers in full
june 28 sold books on account to Baeten Bookstore for 1300 The cost of the merchandise sold was 970
june 30 Granted Baeten book store 160 Credit for books returned costing 96
Journalize the transactions for the month of june for sandhills book warehouse using a perpetual inventory system
THIS FORMAT
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The Customer Satisfaction Audit
Authors: Abram I Bluestein, Michael Moriarty, Ronald J Sanderson
1st Edition
190243398X, 978-1902433981
