the first photo is the question.
we have to write each one with either debit or credit on account
my confusion is with number 9,10 and 27
hledu.wileyplus.com dues Return to Blackboard Kimmel, Accounting, 7e Help System Announcements ent CALCULATOR PRINTER VERSION NEXT Question 1 Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Cullumbers' ledger showed Cash of $9,500 and Common Stock of $9,500 May 1 Purchased merchandise on account from Black Wholesale Supply for $9,500, terms 1/10, 1/30. 2 Sold merchandise on account for $5,900, terms 2/10, 1/30. The cost of the merchandise sold was $4,800 5 Received credit from Black Wholesale Supply for merchandise returned $200. Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 1 Purchased supplies for cash $900. 12 Purchased merchandise for cash $4,500. 15 Received $230 refund for return of poor quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3,900, terms 2/10, 30. 19 Pald freight on May 17 purchase $250. 24 Sold merchandise for cash $5,500. The cost of the merchandise sold was 54,100 25 Purchased merchandise from Clasps Inc. for $800, terms 3/10,30 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $88. The returned merchandise had cost $84. 31 Sold merchandise on account for $1,280, terms 1/30. The cost of the merchandise sold was $809 (a) Journalize the transactions using a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit May 1 - Inventory 9,500 Oliy 1 2000.2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of branlec Version 4.24.20.1 wileyplus.com Return to Blackboard JS Kimmel, Accounting, 7. Help System Announcements inment Cost of Goods Sold 4,800 4,800 Inventory (To record cost of merchandise sold) May 5 Accounts Payable 200 Inventory 200 May 9 Cash I Sales Discounts Accounts Receivable May 10 Accounts Payable Inventory Cash 900 May 11 Supplies 900 Cash May 12 Inventory 4,500 Cash sy Policy I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons Ins 4,500 wileyplus.com Return to Blackboard JS Kimmel, Accounting, 7e Help System Announcements gnment Sales Revenue 5,500 (To record sales) Cost of Goods Sold 4,100 4,100 Inventory (To record cost of merchandise sold) May 25 Inventory 800 I Accounts Payable 800 May 27 Accounts Payable Inventory Cash May 29 Sales Returns and Allowances 88 Cash (To record payment for returned merchandise) 88 Inventory 84 Cost of Goods Sold (To record cost of goods returned) 84 Polo 2009-2020ohn Wiley Sons, Inc. All Rights Reserved. A Division of lohn Wiley & Sons, Inc MACBOOK
