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Week 1 1 Assignment - Retail business transactions ( 2 ) The following selected transactions were completed during June between Snipes Company and Beejoy Company.

Week 11 Assignment-Retail business transactions (2)
The following selected transactions were completed during June between Snipes Company and Beejoy Company. Please record transactions for Beejoy company.
\table[[\table[[June],[8.]],\table[[Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FOB destination, 215,neom. The cost of the merchandise sold was],[$10,000.]]],[8.,Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on June 8.],[12.,\table[[Beejoy Company returned merchandise with a selling price of $5,000( $4,900 net of discount) purchased on June 8 from Snipes Company. The cost of the],[merchandise returned was $3,000.]]],[23.,Beejoy Company paid Snipes Company for purchase of June 8, less refund on return of June 12.],[24.,\table[[Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, neom. The cost of the merchandise sold was],[$9,000.]]],[30.,\table[[Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company.],[Beejoy Company paid Snipes Company on account for purchase of June 24.],[Instructions],[Illustrate the effects of each of the preceding transactions on the accounts and financial statements of Beejoy Company. Identify each transaction by date.]]]]
\table[[Beejoy Company (Buyer)],[Balance Sheet,Description of Retained],[,Assets,=,Liabilities,+,Shareholder's Equity],[,,Accounts,Merchandise,,Accounts,Customer Refunds,Capital,Retained],[Date,Cash, Receivable ?(),Inventory,,Payable,Payable,,Stock,Earnings,Earnings Transaction],[8-June,,,,,,,,,,],[12-June,,,,,,,,,,],[23-June,,,,,,,,,,],[24-June,,,,,,,,,,],[26-June,,,,,,,,,,],[30-June,,,,,,,,,,]]
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