The following were selected from among the transactions completed by H. Song Trading during March: se- Mar 2. Purchased goods on account from Doong Wholesalers, list price $32,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid transporta- tion costs of $720 added to the invoice 4. Purchased goods tion, 1/10, n/30. 6. Sold goods count 40%, terms 2/10, n/30. 9. Returned goods purchased on March 4 from Leong Trading, $1,300. 12. Paid Doong Wholesalers for purchase of March 2, less discount 14. Paid Leong Trading for purchase of March 4, less return of March 9 and dis- Count 16. Received cash from sale of March 6 to C. F. Han Wholesalers, less discount. 19. Sold goods 22. Sold goods 24. Sold goods for cash, $4,350 25. Received goods returned by Wu Retailers from sale on March 22, $1,610. 31. Received cash from American Express for credit card sales of March 19, less $290 service fee. on account from Leong Trading, $8,000, terms FOB destina- on account to C. F. Han Wholesalers, list price $7,500, trade dis- on credit cards, American Express, $4,450 on account to Wu Retailers, $4,420, terms 2/10, n/30. Instructions Journalise the transactions for H. Song Trading. The following were selected from among the transactions completed by H. Song Trading during March: se- Mar 2. Purchased goods on account from Doong Wholesalers, list price $32,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid transporta- tion costs of $720 added to the invoice 4. Purchased goods tion, 1/10, n/30. 6. Sold goods count 40%, terms 2/10, n/30. 9. Returned goods purchased on March 4 from Leong Trading, $1,300. 12. Paid Doong Wholesalers for purchase of March 2, less discount 14. Paid Leong Trading for purchase of March 4, less return of March 9 and dis- Count 16. Received cash from sale of March 6 to C. F. Han Wholesalers, less discount. 19. Sold goods 22. Sold goods 24. Sold goods for cash, $4,350 25. Received goods returned by Wu Retailers from sale on March 22, $1,610. 31. Received cash from American Express for credit card sales of March 19, less $290 service fee. on account from Leong Trading, $8,000, terms FOB destina- on account to C. F. Han Wholesalers, list price $7,500, trade dis- on credit cards, American Express, $4,450 on account to Wu Retailers, $4,420, terms 2/10, n/30. Instructions Journalise the transactions for H. Song Trading
