MERCELANDIZE ACCOUNTING - Recording Trans PERPETUAL INVENTORY SYSTEM General Journal PERIODIC INIT PINANCIAL MTOINTING Ex All the a ction place dug the month of 2015 Kos Merchandise Show Red the branc h 3018 and refer to es Bike Panchored 07240 Merch 176401 BEZ 1 Purchased ruts of parts helmets 15each the Play Lid. 10, N20 FOB shpes pourt The oder was delivered to Kobis shoppen So purses at Sapal for each tower igh Schedule fierade diacount and charging sal tax of Kotis e d and settled a b for $55 to cover the purg of the July was to its warehouse Kodspored light defects on len 101 of the heat purchased on Poly and Mayen Lid gave acredatowwe of each to avoid them for returns Rafmad four pair of sneakers to p er of July 1 of defectand ved cash refund Ked's sold is er helmets for cash t eack beker allowing trade discount 10 Paid S1 500 ml Bor o wing loc. Players Lid 10 P hased 10 pair of footballhoses on credit at si perp, FOB destination, 210 N i ntransit The suppliers Meadow County 12 Kereceived the fall amount di Wilmer High School 13 Sodo pars hoses to Mars Sports Club for So per patron terms 2 N FOH Shippure Already dele 14 Received balance de Wilmer High School 15 Paid balance de C Players Lad 15 Sold is pairs of football boots to Houston Rachets Steel 5 pat, less discount Terms of trade u MIS N 30. FOU shipping out and sales tax of 10 Sales Ras Alwences Purchases Disco 2007 FINANCIAL ACCOUNTING MERCHANDIZE ACCOUNTING - Recu Ex. All the below transactions took place during the month of July 2018 and refer to 2018 Kos Merchandise Store Record the following transactions in the books for Kofi Store July Purchased 600 pairs Sneaker for cash. from Bailor Sports Goods, for $30 pair before to discount for customer relations trade Purchased 80 units of sports helmets a 525 each from C Players Ltd., credut terms 10, N 30. FOB shipping point. The order was delivered to Kofi's shippers Sold 60 pairs Sneakers at $ 12 a pair for cash to Wilmer High School, allowing for 3. trade discount and charging sale tax of 8.5% Koti's received and settled a bill for $55 to cover shipping of the July 3 purchase, to its warehouse 0 Kofi's reported slights defects on ten (10) of the helmets purchased on July 3, and C Players Lid gave a credit allowance of $5 each to avoid the need for retums 8 Returned four (4) pairs of sneakers lo supplier of July 1, because of defect, and received cash refund 9 Kofi's sold 25 units of helmets for cash, at $50 each. before allowing 2 trade discount 10 Paid $1,500 net for amount owing to C. Players Ltd. 10 Purchased 150 pair of football hoses on credit at $4 per pair, FOB destination, 2/10, N/30, still in transit The supplier is Meadows Company, 12 Kofi received the full amount due, Wilmer High School 13 Sold 60 pairs hoses to Magic Sports Club for S per pair, on terms 2/15: N/30, FOB shipping. Already delivere SPOR 14 Received balance due from Wilmer High School 15 Paid balance due C. Players Ltd. 15 Sold 15 pairs of football boots to Houston Rachets Store at $35 a pair, less 1% discount. Terms of trade was 2/15, N/30, FOB shipping point and sales tax of 85% Balance Acc. Purchases Account Account Date 7640 Hatha ACC PAY MERCELANDIZE ACCOUNTING - Recording Trans PERPETUAL INVENTORY SYSTEM General Journal PERIODIC INIT PINANCIAL MTOINTING Ex All the a ction place dug the month of 2015 Kos Merchandise Show Red the branc h 3018 and refer to es Bike Panchored 07240 Merch 176401 BEZ 1 Purchased ruts of parts helmets 15each the Play Lid. 10, N20 FOB shpes pourt The oder was delivered to Kobis shoppen So purses at Sapal for each tower igh Schedule fierade diacount and charging sal tax of Kotis e d and settled a b for $55 to cover the purg of the July was to its warehouse Kodspored light defects on len 101 of the heat purchased on Poly and Mayen Lid gave acredatowwe of each to avoid them for returns Rafmad four pair of sneakers to p er of July 1 of defectand ved cash refund Ked's sold is er helmets for cash t eack beker allowing trade discount 10 Paid S1 500 ml Bor o wing loc. Players Lid 10 P hased 10 pair of footballhoses on credit at si perp, FOB destination, 210 N i ntransit The suppliers Meadow County 12 Kereceived the fall amount di Wilmer High School 13 Sodo pars hoses to Mars Sports Club for So per patron terms 2 N FOH Shippure Already dele 14 Received balance de Wilmer High School 15 Paid balance de C Players Lad 15 Sold is pairs of football boots to Houston Rachets Steel 5 pat, less discount Terms of trade u MIS N 30. FOU shipping out and sales tax of 10 Sales Ras Alwences Purchases Disco 2007 FINANCIAL ACCOUNTING MERCHANDIZE ACCOUNTING - Recu Ex. All the below transactions took place during the month of July 2018 and refer to 2018 Kos Merchandise Store Record the following transactions in the books for Kofi Store July Purchased 600 pairs Sneaker for cash. from Bailor Sports Goods, for $30 pair before to discount for customer relations trade Purchased 80 units of sports helmets a 525 each from C Players Ltd., credut terms 10, N 30. FOB shipping point. The order was delivered to Kofi's shippers Sold 60 pairs Sneakers at $ 12 a pair for cash to Wilmer High School, allowing for 3. trade discount and charging sale tax of 8.5% Koti's received and settled a bill for $55 to cover shipping of the July 3 purchase, to its warehouse 0 Kofi's reported slights defects on ten (10) of the helmets purchased on July 3, and C Players Lid gave a credit allowance of $5 each to avoid the need for retums 8 Returned four (4) pairs of sneakers lo supplier of July 1, because of defect, and received cash refund 9 Kofi's sold 25 units of helmets for cash, at $50 each. before allowing 2 trade discount 10 Paid $1,500 net for amount owing to C. Players Ltd. 10 Purchased 150 pair of football hoses on credit at $4 per pair, FOB destination, 2/10, N/30, still in transit The supplier is Meadows Company, 12 Kofi received the full amount due, Wilmer High School 13 Sold 60 pairs hoses to Magic Sports Club for S per pair, on terms 2/15: N/30, FOB shipping. Already delivere SPOR 14 Received balance due from Wilmer High School 15 Paid balance due C. Players Ltd. 15 Sold 15 pairs of football boots to Houston Rachets Store at $35 a pair, less 1% discount. Terms of trade was 2/15, N/30, FOB shipping point and sales tax of 85% Balance Acc. Purchases Account Account Date 7640 Hatha ACC PAY
