Suppose Longriver com sels 2,800 books on account for $13 each cost of these books is $21,840) on October 10, 2018 to Just for Children One hundred of these books (cost $700) were damaged in shipment, so Longrive.com Lader the damaged goods from Just for Children as sales returns on October 13, 2018. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the requirements Requirement 1. Journalize Just for Children's October 2018 transaction Record debits first the credits Exclude explanations from journal entries) Oct 10 Just for Children purchased 2.800 books on account for $13 each from Longiver.com A Requirements Date Debit Credit Oct 10 1 Joumalust for Children's October 2018 transactions 2 Journal Longiver com October 2013 transactions. The company esimese turns at the end of each month Print Done Oct 13 Just for Children returned one hundred books damaged in shipment Date Debit Credit Oct 13 Exclude expansions from ournal s Requirement 2. Journal Longrier con's October 2018 transactions The company states sales at the end of each month (Record bis first the credit Oct 10 The sale of 2.00 books on account for $13 each cost of these books is to Just for Children Begin by preparing the entry to cur e the sale portion of the transaction. Do not record the expense related to the We will do that in the following step Date Accounts Debit Credit ston Choose from any store any number in the input fields and then continue to the next Suose Longriver com els 2800 books on account for $13 each cost of these books 21340) on October 10, 2018 test for Chaden One Hundred of these books cost $780) were damaged in shipment, so long the damaged goods from Just for Children as sales returns on October 13, 2018 Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the requirements Begin by preparing the entry to sure the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Date Accounts Debit Credit Requirements Oct 10 1 2 Joum Just for Chats Odober 2013 ansactions Jaume Log o 's October 2018 actions. The company estimates sales returns at the end of each month Now your the expense read to the October 10 sale Debit Credit Done Date Od 10 Od 13 o Say t amed one hundred books 700) damaged home they to recorder Donaupdate the chance Accounts De e Wew to Cred De Oct 13 Choose from a list or enter any number in the inputs and then continue to the next question Suppose Longriver com sells 2,800 books on account for $13 each cost of these books is $21,840) on October 10, 2018 to Just for Children One hundred of these books (cost $700) were damaged in shipment sol the damaged goods from Just for Children as sales returns on October 13, 2018 Assume both companies use a perpetual inventory system and that sales are recorded at the amount) Read the requirements Now journalize the expense related to the October 10 sale Date Ascounts Debit Credit Oct 10 Requirements 1 2 Joumalust for Children's Odober 2018 fransactions Journal Longhiver com's October 2018 transactions. The company estimates sales returns the end of each month Oct 13: Just for Children returned one hundred books (cost $780) damaged in shipment Start by preparing the entry to record the sales return. Do not update the Merchandise Inventory with this entry we will do the Accounts Debit Credit Date Print Done Oct 13 Now prepare the entry to update the Merchandise very count for the cost of the me rchandis Oct 13 Choose from any list or enter any number in the input fields and then continue to the next
