se transactions on the books of Nowland Furnishings, assuming the "net" method is used. (Record debits first, then credits. Exclude explana Chas Mar More Info Jul 4 Nowland Furnishings purchased $11,000 of merchandise from M and P Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping point. The goods cost M and P Furniture Warehouse $3,200. 7 Nowland Furnishings paid a $25 freight bill for delivery of the goods purchased on July 4 10 Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. 18 Nowland Furnishings paid $1,800 of the July 4 invoice less the discount. 31 Nowland Furnishings paid the remaining amount owed on the July 4 invoice. aid a S Print Done cer any number in the input fields and then continue to the next question. The following transactions occurred between Nowland Furnishings and Mand P Furniture Warehouse during July of the current year Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize these transactions on the books of Nowland Furnishings, assuming the her method is used Record debits first en credits Exclude explanations from any ouma entries Jul 4: Nowland Furnishings purchased $11,000 of merchandise from Mand P Furniture Warehouse on account. Terms, 1/15, 130 FOB shipping point. The goods cost and P Future Warehouse $3,200 Journal Entry Accounts Debit Credit Date Jul 7: Nowland Furnishings paid a $25 freight bill for delivery of the goods purchased on July 4. Journal Entry Accounts Debit Credit Date Choose from any list or enter any number in the input fields and then continue to the next question - 4 3/100 earch The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements. Jul 7: Nowland Furnishings paid a $25 freight bill for delivery of the goods purchased on July 4. Journal Entry Accounts Date Debit Credit Jul 10: Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. Journal Entry Accounts Debit Credit Date Jul Choose from any list or enter any number in the input fields and then continue to the next question The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year (Click the icon to view the transactions.) Read the requirements Jul 10: Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. Journal Entry Accounts Date Debit Credit Jul 18: Nowland Furnishings paid $1,800 of the July 4 invoice less the discount Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question search The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: i (Click the icon to view the transactions.) Read the requirements Jul 18: Nowland Furnishings paid $1,800 of the July 4 invoice less the discount Journal Entry Accounts Date Debit Credit Jul Jul 31: Nowland Furnishings paid the remaining amount owed on the July 4 invoice Journal Entry Accounts Debit Credit Date Jul Choose from any list or enter any number in the input fields and then continue to the next question earch The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: i (Click the icon to view the transactions.) Read the requirements. Jul 31: Nowland Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Accounts Date Debit Credit Requirement 2. Journalize these transactions on the books of M and P Furniture Warehouse, assuming the "net" method is used. (Record de journal entries.) Jul 4: Nowland Furnishings purchased $11,000 of merchandise from M and P Furniture Warehouse on account. Terms 1/15, 130. FOB shippie $3,200. Begin by journalizing the revenue from the sale of merchandise. (Do not yet record the cost related to the sale. We will do this in the next jouma Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question to search The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Requirement 2. Journalize these transactions on the books of M and P Furniture Warehouse, assuming the "ner" method is used. (Record debits first, then credits Exclude explanations from any journal entries.) Jul 4: Nowland Furnishings purchased $11,000 of merchandise from M and P Furniture Warehouse on account. Terms, 1/15, 1/30. FOB shipping point. The goods cost M and P Furniture Warehouse $3.200. Begin by journalizing the revenue from the sale of merchandise. (Do not yet record the cost related to the sale. We will do this in the next joumal entry) Journal Entry Accounts Debit Credit Date Now journalize the cost of goods sold related to the sale of merchandise on July 4. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question 5:22ME O A 09 The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: Click the icon to view the transactions.) Read the requirements Now journalize the cost of goods sold related to the sale of merchandise on July 4. Journal Entry Date Accounts Debit Credit Jul 10: Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. Start by recording the receivable portion of the merchandise return. (Do not yet record the inventory adjustment related to the retum. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next question rch The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: Click the icon to view the transactions.) Read the requirements Jul 10: Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. Start by recording the receivable portion of the merchandise retur. (Do not yet record the inventory adjustment related to the retum. We will do this in the next journal entry) Journal Entry Accounts Date Debit Credit Now journalize the inventory portion of the merchandise return. Journal Entry Accounts Debit Credit Date Choose from any list or enter any number in the input fields and then continue to the next question earch The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: i (Click the icon to view the transactions.) Read the requirements Now journalize the inventory portion of the merchandise return. Journal Entry Date Accounts Debit Credit Jul 18: Nowland Furnishings paid $1,800 of the July 4 involce less the discount. Journal Entry Date Accounts Debit Credit Jul Choose from any list or enter any number in the input fields and then continue to the next question arch The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year. i (Click the icon to view the transactions.) Read the requirements Jul 18: Nowland Furnishings paid $1,800 of the July 4 invoice less the discount Journal Entry Accounts Date Debit Credit Jul 31: Nowland Furnishings paid the remaining amount owed on the July 4 invoice Journal Entry Accounts Debit Credit Date Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question Co search The following transactions occurred between Nowland Furnishings and M and P Furniture Warehouse during July of the current year: (Click the icon to view the transactions.) Read the requirements Journal Entry Accounts Date Debit Credit Jul Jul 31: Nowland Furnishings paid the remaining amount owed on the July 4 invoice Journal Entry Accounts Debit Credit Date Jul Choose from any list or enter any number in the input fields and then continue to the next question search More Info Jul 4 Nowland Furnishings purchased $11,000 of merchandise from M and P Furniture Warehouse on account. Terms, 1/15, n/30, FOB shipping point. The goods cost M and P Furniture Warehouse $3,200. 7 Nowland Furnishings paid a $25 freight bill for delivery of the goods purchased on July 4. 10 Nowland Furnishings returned $1,200 of the merchandise purchased on July 4. The goods cost M and P Furniture Warehouse $750. 18 Nowland Furnishings paid $1,800 of the July 4 invoice less the discount. 31 Nowland Furnishings paid the remaining amount owed on the July 4 invoice. Print Done any number in the input fields and then continue to the next
