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The ledger of Riyadh Shop showed Cash 1,250 SR; and Owner's Capital 1,250 SR, at the beginning of the current season on March 1. The
The ledger of Riyadh Shop showed Cash 1,250 SR; and Owner's Capital 1,250 SR, at the beginning of the current season on March 1. The following transactions occurred during March 2020. Mar 5. Mar 9. Purchased bags, and T-shirts on account from Jeddah Co. 2,250 SR, FOB destination, terms 2/10, n/30. The freight expense of 40 SR was paid on this date. Received credit from Jeddah Co. for merchandise returned 300 SR. Sold merchandise on account to Dubai for 3,250 SR, FOB shipping point, terms 2/10, n/30; the cost of goods sold was 1,250 SR. The freight expense of 30 SR was paid on this date. Mar 10. Mar 12. Purchased shoes, sweaters, and other accessories on account from London Company for 2,300 SR, FOB shipping point, terms n/60. The freight expense was 50 SR was paid on this date. Received payments from Dubai Co. Paid Jeddah Company the due amount. Mar 19. Mar 28. Required: Journalize the March transactions for Riyadh Shop
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