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Your company ABC Warehouse had the following Transactions for the month of February Feb. 1 sold 10 DVDs to Ted's Outlet for 39.99 each with
Your company ABC Warehouse had the following Transactions for the month of February Feb. 1 sold 10 DVDs to Ted's Outlet for 39.99 each with the terms 2/10 N 90 on account Feb. 2 purchased 200 Ipods at $89.99 each Billy Bob with the terms 2/10 N 30 on account Feb. 3 purchased 10 DVD takes at $1.99 each from Mikey Bob with the terms N30 on account Feb. 4 paid $18.34 freight costs for purchase of 10 DVDs purchase on Feb. 1. Feb. 10 received total amount due from Ted's Outlet Feb. 12 paid the total amount due to Billy Bob Feb. 15 Ted's Outlet returned all 10 DVDs sold on 1 Feb for a full refund, given these DVDs were defective Feb. 22 Retured 5 of the Ipods to Billy Bob for a cash refund, due to defects, Feb. 23 collected cash sales of $1500 (not including 6% sales to from customers. Feb. 26 ABC Warehouse paid sales tax collected of $1834,56 to state of Michigan Give the required entry for ABC Warehouse for Feb. 3 O Debit Cash 19.90, Credit Sales 19.90 O Debit Purchase 19.90, Credit Cash 19.90 O Debit Purchase 19.90, Credit Accounts payable/Mikey Bob 19.90 O Debit Accounts receivable/Mikey Bob 19.90, Credit Sales 19.90 Debit Purchases 19.90 Credit Sales 19.90
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