Water Refilling Station
Problem #12
Journal Merchandising
Date | Accounts Title & Explanations | Debit | Credit | April 3 | Purchase | 75,000 | | | Accounts Payable | | 75,000 | | Purchased lounge chairs terms 1/10, n30 | | | | | | | 7 | Accounts Receivable | 19,200 | | | Sales | | 19,200 | | Sold chairs terms 2/10, n/30 | | | | | | | 8 | Purchase | 24,000 | | | Accounts Payable | | 24,000 | | Purchased patio umbrella terms 1/10, n/30 | | | | | | | 9 | Accounts Payable | 7,500 | | | Purchase Return & Allowance | | 7,500 | | Return 5 defected lounge chairs. | | | | | | | 10 | Freight In | 860 | | | Cash | | 860 | | Paid trucking firm on April 3 | | | | | | | 13 | Accounts Payable | 67,500 | | | Purchased Discount | | 1,350 | | Cash | | 66,150 | | Paid purchased on April 3 | | | | | | | 17 | Cash | 18816 | | | Sales Discount | 384 | | | Accounts Receivable | | 19,200 | | Received payment for the chairs on April 7 | | | | | | | 20 | Accounts Payable | 24,000 | | | Purchased Discount | | 240 | | Cash | | 23,760 | | Paid for the tables purchased on April 8 | | |
Problem#13
Journal Merchandising
Date | Accounts Title & Explanations | Debit | Credit | Oct. 7 | Sales | 30,000 | | | Accounts Receivable | | 30,000 | | Sold merchandise terms n/30 | | | | | | | 8 | Purchase | 60,000 | | | Accounts Payable | | 60,000 | | Purchased merchandise terms n/30 | | | | | | | 9 | Freight In | 2,540 | | | Cash | | 2,450 | | Paid for shipping charges on Oct. 8 | | | | | | | 10 | Purchase | 90,000 | | | Accounts Payable | | 90,000 | | Purchased merchandise n/30 | | | | | | | 13 | Purchase | 24,000 | | |
Journal Merchandising
Date | Accounts Title & Explanations | Debit | Credit | April 3 | Purchase | 75,000 | | | Accounts Payable | | 75,000 | | Purchased lounge chairs terms 1/10, n30 | | | | | | | 7 | Accounts Receivable | 19,200 | | | Sales | | 19,200 | | Sold chairs terms 2/10, n/30 | | | | | | | 8 | Purchase | 24,000 | | | Accounts Payable | | 24,000 | | Purchased patio umbrella terms 1/10, n/30 | | | | | | | 9 | Accounts Payable | 7,500 | | | Purchase Return & Allowance | | 7,500 | | Return 5 defected lounge chairs. | | | | | | | 10 | Freight In | 860 | | | Cash | | 860 | | Paid trucking firm on April 3 | | | | | | | 13 | Accounts Payable | 67,500 | | | Purchased Discount | | 1,350 | | Cash | | 66,150 | | Paid purchased on April 3 | | | | | | | 17 | Cash | 18816 | | | Sales Discount | 384 | | | Accounts Receivable | | 19,200 | | Received payment for the chairs on April 7 | | | | | | | 20 | Accounts Payable | 24,000 | | | Purchased Discount | | 240 | | Cash | | 23,760 | | Paid for the tables purchased on April 8 | | |
Problem#13
Journal Merchandising
Date | Accounts Title & Explanations | Debit | Credit | Oct. 7 | Sales | 30,000 | | | Accounts Receivable | | 30,000 | | Sold merchandise terms n/30 | | | | | | | 8 | Purchase | 60,000 | | | Accounts Payable | | 60,000 | | Purchased merchandise terms n/30 | | | | | | | 9 | Freight In | 2,540 | | | Cash | | 2,450 | | Paid for shipping charges on Oct. 8 | | | | | | | 10 | Purchase | 90,000 | | | Accounts Payable | | 90,000 | | Purchased merchandise n/30 | | | | | | | 13 | Purchase | 24,000 | | |