Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The answers in right are wrong and I cannot figure out why Instructions The follow ng selected transactions were completed by Capers Company during October
The answers in right are wrong and I cannot figure out why Instructions The follow ng selected transactions were completed by Capers Company during October of the current year: Oct 1 3 4 6 13 14 Purchased merchandise from UK imports Co., S14,448, terms FOB destination, n30. Purchased merchandise from Hoagie Co. 59,950, terms FOB shipping point. 2/10, nieom Prepaid freight of $220 was added to the invoice Purchased merchandise from Taco Co. $13,650, terms FOB destination, 2/10, 1/30, Issued debit memo to Taco Co. for $4.550 of merchandise returned from purchase on October 4 Paid Hoagie Co. for invoice of October 3 Paid Taco Co. for invoice of October 4, less debit momo of October 6. Purchased merchandise from Veggie Co. $27,300. terms Foe shipping point, neom. Paid freight of $400 on October 19 purchase from Veggie Co. Purchased merchandise from Ceesar Salad Co. $22.000, terms FOB destination, 1/10, 1/30, Paid Caesar Salad Co. for invoice of October 20. Pad UK Imports Co for invoice of October 1 Paid Veggie Co, for invoice of October 19 19 19 20 30 31 31 9.97100 13,377.00 1337700 + Accounts payable rouge co. Oct 4 Inventory Accounts Payable-Taco CA Oct 6 Accounts Payable-Taco Co. Inventory Oct. 15 Accounts Payable Hoagie Co 4,550.00 . 4,550.00 9,971,00 + Cash 9.971.00 1 13,650.00 1 Oct. 14 Accounts Payable-Teco Co. Cash 15,650.00 27,300.00 1 27,000.00 1 Oct. 19 Inventory Accounts Payable-Veggie ca Od 19 Inventory Cash 400.00 1 400.00 . 21.78000 Oct 20 ventory Meer 18 Oct. 19 Inventory 27,300.00 Accounts Payable-Veggie Co. Oct. 19 Inventory 27,300.00 400,00 1 Cash 400.00 21,780.00 1 Oct. 20 Inventory Accounts Payable-Caesar Salad Co. Oct 30 Accounts Payable-Caesar Salad Co. 21,780.00 T 21.780.00 1 Cash 2.780.00 1 Oct. 31 Accounts Payable-UK Imports Co. 14488.00 Cash 14.488.00 1 Oct. 51 Accounts Payable-Veggie Co 27,300.00 Cash 27,300.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started