Submit fest The following transactions occurred between Gerson (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of A First, let's prepare the entries for All Better Drug Store May 8 All Better purchased $47.000 of merchandoe Garson $14,000. We will record each element of this Date May Journal Ent Accounts More info May 8 All Better purchased $47,000 of merchandise from Gerson on credit term of 2/10, 30. FOB shipping point. Separately. All Better paid freight in of $2.000 All Better for $47,000. These goods cost Gerson $14,000 11 All Better returned $4,400 of the merchandise purchased on May 8. Gerson issued a credit memo for this amount and returned the goods, in excellent condition, to inventory (cest $1,650) 17 Al Better paid $19,000 of the invoice amount owed to Gerson for the May 6 purchase This payment included none of the treight charge All Better took the purchase discount on the partial payment 26 A Better paid the remaining amount owed to Gerson for the May 0 purchase ced A Better f $47.000 These goods c ices from journal entries) Next, from the May & transaction, record the payment of the freight charges Print Done Time Remaining: 01.17.17 Next The following transactions occurred between Gerson Pharmaceutical and Al Better Dnig Stores during May of the curent year Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of Al Better Drug Stores, and second on the books of Genson Pharmaceutica Doth companies use the perpetual tory m First, let's prepare the entries for All Better Drug Stores May 8 All Better purchased $47.000 of merchandise from Gerson on credit terms of 2/10, 30, FOB shipping point. Separately, All Dater paid rolight in Gerson $14,000 We will record each element of this transaction separately Start with recording the purchase on account Record delits first, then cieder Date May Journal Entry Accounts Debi Credit Next, from the May transaction record the payment of the height charges 2000 Gerson inked Ad Bees he $47.000 These Time Remaining: 01:17 NEXT The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the current year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stones, and second on the books of Gerson Pharmaceuticals. Both companies une the perpetual inventory system Next, from the May 8 transaction, record the payment of the freight charges Date May 8 Journal Entry Accounts Debit Credit May 11 All Better roturned $4,400 of the merchandise purchased on May 8. Gerson issued a credit memo for this amount and returned the goods in excellent condito entry (11558) Journal Entry Arreminte Deb C submit test Time Remaining 01954 Next The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the current year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gersen Pharmaceuticals Both companies une the perpetual inventory system CHIC May 11 All Better returned $4,400 of the merchandise purchased on May & Gerson issued a credit meme for this amount and returned the goods, in excelent condition to entory (3155) Data May 11 Journal Entry Accounts Debit Credit May 17 All Better paid $19.000 of the invoice amount owed to Gerson for the May 8 purchase. This payment included none of the height charges Al Defter took the purchase dont on the partial pad and record the payment on account Time Remaining: 01 41 Next This question: 15 points) poe Submit test The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the cut your (Click the icon to view the transactions.) Required Joumalize these transactions, fest on the books of Al Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both compare the perpetual inventory m May 17 A Better paid $19,000 of the invoice amount owed to Gerson for the May 8 purchase This payment included none of the height charges. Al etter book the percent on the partial payment heard and record the payment on account Date May 17 Journal Entry Accounts Debit Credit May 26 All Better paid the remaining amount owed to Gerson for the May 8 purchase Time Remaining: 01 18 30 Next This question: 15 points possible Submi The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the current year (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Phamaceuticals Both cones use the perpetuality system May 26 All Better paid the remaining amount owed to Gerson for the May & purchase. Date May 26 Journal Entry Accounts Debit Credit GID Now we will record the entries of Gerson Pharmaceuticals May & All Better purchased $47.000 of merchandise from Gerson on credit terms of 2/10, w/30, FOB shipping point. Separately, All Better paid freight in at $2.000 Gerson invoiced All Other for $47,000 These goods on Gerson $14.000 We will record sach element of the transaction separately. Begin with the sale on account. Time Remaining: 01 16:21 The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the curent your (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of Al Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both compare the perpetual inventory systems Now we will record the entries of Gerson Pharmaceuticals May 8 All Better purchased $47,000 of merchandise from Gerson on credit terms of 2/10, w/30, FOB shipping point Separately, All Better paid beight in of $2.000 Gerson invoiced A Better he $47.000 These Gerson $14,000. We will record each element of the transaction separately Begin with the sale on account Date May 10 Journal Entry Accounts Next, record the cost of goods sold for the May & sale on account Debit Credit Time Remaining: 011612 Next The following transactions occurred between Gerson Pharmaceuticals and Al Better Drug Stores during May of the content year (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmacodicals Both comes the perpetual entry sy Next, record the cost of goods sold for the May 8 sale on account Date May Journal Entry Accounts Debit Credit thed on May 8 Gerson issued a credit eseme for this amount and returned the goods in excelent condon, inventory $1.55) Again we wi The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both cor sanies use the perpetual inventory system May 11. All Better returned $4,400 of the merchandise purchased on May B. Gerson bound a credit memo for this amount and returned the goods, in excellent condition, to inventory cost $1,550) Apsit, we will d element of the retum separately. First, record the sale portion of the merchandise return Date May 11 Journal Entry Accounts Debit Credit Next, record the cost of goods sold portion of the merchandise return from May 11 Journal Entry Time Remaining: 0115 9 The following actions occurred between Genon Pharmaceuticals and All Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals Both con canies use the perpetuality Next, record the cost of goods sold portion of the merchandise return from May 11. Date: May 11 Journal Entry Accounts Debit Credit May 17 A Better paid $19,000 of the invoice amount owed to Gerson for the May 8 purchase. This payment included none of the freight charges All Better took the purchase count on the partial payment The following transactions occured between Gerson Pharmaceuticals and Al Better Drug Stores during May of the centr (Click the icon to view the transactions.) Required Joumalize these transactions, fest on the books of All Better Drug Stores, and second on the books of Genan Pharmaceuticals. Both co paries use the perpetual inventory syste May 17 All Better paid $19.000 of the invoice amount owed to Gerson for the May & purchase. This payment included none of the bright charges. All theter took the purchase discount on the partial payment Journal Entry Accounts Debit Crede Date May 17 Lauad to Gerson for the May 0 purchase The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the cent year (Click the icon to view the transactions.) Required Journalize these transactions, fest on the books of All Butter Drug Stores, and second on the books of Gerson Pharmaceuticals. Both co-paries use the perpetuitor May 26. All Better paid the remaining amount owed to Gerson for the May 8 purchase Date May 26 Journal Entry Accounts Debit Credit The following transactions occurred between Gerson (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All First, let's prepare the entries for All Better Drug Store May 8. All Better purchased $47.000 of merchandise Gerson $14,000. We will record each element of this Journal Ent Accounts More info May 8 All Better purchased $47,000 of merchandise from Gerson on credit terms of 2/10/30 FOB shipping point. Separately, All Better paid freight-in of $2,000 Gerson invoiced Al Better for $47,000 These goods cost Gerson $14,000 11 All Better returned $4,400 of the merchandise purchased on May 8. Gerson issued a credit momo for this amount and rotumed the goods, in excellent condition, to inventory (cost $1,650) 17 All Beber paid $19.000 of the invoice amount owed to Gerson for the May 8 purchase. This payment included none of the freight charge All Better took the purchase discount on the partial payment 26 All Better paid the remaining amount owed to Gerson for the May 8 purchase ced All Better for $47.000. These goods cos ious from journal entries.) Date May Next, from the May 8th transaction record the payment of the freight charges Print Done Time Remaining: 01:05:02 The following transactions occurred between Gerson (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of Al First, let's prepare the entries for All Better Drug Store May 8. All Better purchased $47,000 of merchandise Gerson $14,000 We will record each element of this Journal Ent Accounts More info May 8 All Better purchased $47.000 of merchandise from Gerson on credit terms of 2/10/30 FOB shipping point. Separately, All Better paid freight in of $2.000 Gerson invoiced All Better for $47,000. These goods cost Gerson $14,000 11 All Botter returned $4,400 of the merchandise purchased on May 8. Gerson issued a credit memo for this amount and returned the goods, in excellent condition, to inventory (cust $1,650) 17 All Better paid $19,000 of the invoice amount owed to Gerson for the May purchase This payment included none of the freight charge All Better took the purchase discount on the partial payment 26 All Better paid the remaining amount owed to Gerson for the May 8 purchase ced All Better for $47,000 The tions from journal entries) Date: May B Next, from the May 8th transaction, record the payment of the freight charges Print Done The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of Al Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies use the petual inventory system First, let's prepare the entries for All Better Drug Stores May 8 All Better purchased $47,000 of merchandise from Gerson on credit terms of 2/10, n/30, FOB shipping point Separately, All Better paid freight in of $2.000 Gerson invoiced All Better for $47.001 These goods a Gerson $14,000. We will record each element of this transaction separately. Start with recording the purchase on account (Record debits first, then credits. Exclude explanations from journal entries) Date May 8 Journal Entry Accounts Debit Credit The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the current year (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of All Better Drug Stores, and second on the books of Genon Pharmaceuticals. Both companies pimpetual try vys Next, from the May & transaction, record the payment of the freight charges Date May Journal Entry Accounts Debit Credit 10 inventory cost $1.650 The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Journalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies use to perpetual ventury system May 11 All Better returned $4,400 of the merchandise purchased on May 8. Gerson issued a credit memo for this amount and tumed the goods in excellent condition, to inventory (st 11650) Date Journal Entry Accounts Debit May 11 The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the cument year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies une perpetual turyst May 17 All Better paid $19,000 of the invoice amount owed to Gerson for the May 8 purchase. This payment included none of the bright charges A Better took the purchase dont on the part ma record the payment on account Date May 17 Journal Entry Accounts Debit Credit My Reverba The following transactions occurred between Gerson Pharmaceuticals and All Better Drug Stores during May of the cument year (Click the icon to view the transactions.) Required i Journalize these transactions, Best on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies une perpetual entry system May 26. All Better paid the remaining amount owed to Gerson for the May 8 purchase Date May 26. Journal Entry Accounts Debit Credit CEED Now we will record the entries of Gerson Pharmaceuticals May 8 All Better purchased $47.000 of merchandise from Gerson on crodt terms of 2/10, n30, FOB shipping point Separatuty All Be pad Sh2000 Garn Ad S470 These t Garson $14,000 We will record each element of the transaction separably. Begin with the sale on account Date May B Journal Entry Accounts Debit Credit The following transactions occurred between Gerson Pharmaceuticals and A Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Journalize those transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies in the Next, record the cost of goods sold for the May 8 sale on account Date May 8 Journal Entry Accounts Debit Credit The following tramactions occurred between Gerson Pharmaceutical and A Better Drug Stores during May of the curent year (Click the icon to view the transactions.) Required Journalize those transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both compa May 11 All Better returned $4,400 of the merchandise purchased on May B. Gerson issued a credit memo for this amount and tamed the goods, in excellent condon element of the reham separately First, record the sale portion of the merchandise retu Date May 11 Journal Entry Accounts Debit Credit sudmit tost L The following transactions occured between Gerson Pharmaceuticals and All Better Dng Stores during May of the year (Click the icon to view the transactions) Required Journalize these transactions, first on the books of A Better Dug Stores, and second on the books of Gersen Phamacdicals Both companies un p Next, record the cost of goods sold portion of the merchandise return from May 11: Date May 11 Journal Entry Accounts Debit Credit The following tramactions occured between Gerson Pharmaceuticals and All Better Drug Stons during May of the cunt year (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies use the petal type May 17 All Better paid $19,000 of the invoice amount owed to Gerson for the May 8 purchase. This payment included none of the bright charges A Der the predict the partial payment Journal Entry Date May 17 Accounts Debit Credit The following transactions occurred betemen Gerson Pharmaceuticals and A Better Drug Tons during May of the yea (Click the icon to view the transactions.) Required Joumalize these transactions, first on the books of All Better Drug Stores, and second on the books of Gerson Pharmaceuticals. Both companies t muy May 26 All Better paid the remaining amount owed to Gerson for the May & purchase. Date May 26 Journal Entry Accounts Debit Credit Time Remaining: 0035 18