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Saved Help Set are journal entries to record the following merchandising transactions of Cabela's , which uses the perpeta nem the gross method y 1
Saved Help Set are journal entries to record the following merchandising transactions of Cabela's , which uses the perpeta nem the gross method y 1 Purchased merchandise from Boden Company for $6,688 under credit teras of 2/15, 8/32, pas shugning paint, a July 1. y 2 Sold merchandise to Creek Company for $958 under credit terms of 2/10, n/68, FOB shipning paint, interdite ale The merchandise had cost $550. Ly 3 Paid $11e cash for freight charges on the purchase of July 1. y & Sold merchandise that had cost $1,900 for $2,300 cash. Ey 9 Purchased merchandise from Leight Company for $2,500 under credit terms of 2/15, 1169, Fox destination, interne July 9. y 11 Returned $5ee of merchandise purchased on July 9 from Leight Company and debited its account payable for that must y 12 Received the balance due from Creek Company for the invoice dated July 2, net of the discount. y 16 Paid the balance due to Boden Company within the discount period. y 19 Sold merchandise that cost $1,000 to Art Company for $1,500 under credit terms of 2/25, n/6e, row skissing part, dated July 19. ly 21 Gave a price reduction (allowance) of $250 to Art Company for merchandise sold on July 19 and credite it's com receivable for that amount. Ly 24 Paid Leight Company the balance due, net of discount. ay 38 Received the balance due from Art Company for the invoice dated July 19, net of discount. hy 31 Sold merchandise that cost $5,400 to Creek Company for $7,398 under credit terms of 2/10, w/, FS *** invoice dated July 31
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