sweetkendra
Dec 2, 2007, 02:30 PM
Needing some help journalizing transactions. I have gotten some of them but others I just cannot understand. Any help would be appreciated.
Journalizwe the transactions for August:
Aug 1 Paid rent for August, $1,600
3 Purchased merchandise on account from Biathlon Co. terms 2/10, n/30 FOB shipping point, $15,000
4 Paid transportation charges on purchase of August 3, $400.
6 Sold merchandise on account to Hillcrest Co. terms 2/10, n/30, FOB shipping point, $8,500. The cost of the merchandise sold was $5,000
7 Received $7,500 cash from aaberg Co. on account, no discount
10 Sold merchandise for cash, $18,300. The cost of the merchandise sold was $11,000
13 Paid for merchandise purchased on Aug 3, less discount
14 Received merchandise returned on sale of Aug 6, $1,500. The cose of the merchandise returned was $900
15 Paid advertising expense for last half of aug. $1,500
16 Received cash from sale of Aug 6, less return of August 14 and discount
19 Purchases merchandise for cash $8,100
19 Paid $6,100 to Ramler Co. on account, no discount
20 Sold merchandise on account to Petroski Co. terms 1/10, n/30, FOB shipping point, $16,000. The cost of the merchandise sold was $9,600
21 For the convenience of the customer, paid shipping charges on sale of Aug 20, $600
21 Received $11,750 cash from Phillips Co.l on account, on account, no discount
21 Purchases merchandise on account from Walden Co. terms 1/10, n/30, FOB destination, $15,000
24 Returned $3,500 on damaged merchandise purchased on Aug 21, receiving credit from the seller
26 Refunded cash on sales made for cash, $720. The cost of the merchandise returned was $380
28 Paid sales salaries of $1,750 and office salaries of $950
29 Purchased store supplies for cash, $550
30 Sold merchandise on account to Whitetail Co. terms 2/10, n/30, FOB shipping point, $18,750. The cost of the merchandise sold was $11,250
30 Received cash from sale of Aug. 20, less discount, plus transportation paid on Aug 21
31 Paid for Purchase of Aug 21, less return of Aug 24 and discount
Journalizwe the transactions for August:
Aug 1 Paid rent for August, $1,600
3 Purchased merchandise on account from Biathlon Co. terms 2/10, n/30 FOB shipping point, $15,000
4 Paid transportation charges on purchase of August 3, $400.
6 Sold merchandise on account to Hillcrest Co. terms 2/10, n/30, FOB shipping point, $8,500. The cost of the merchandise sold was $5,000
7 Received $7,500 cash from aaberg Co. on account, no discount
10 Sold merchandise for cash, $18,300. The cost of the merchandise sold was $11,000
13 Paid for merchandise purchased on Aug 3, less discount
14 Received merchandise returned on sale of Aug 6, $1,500. The cose of the merchandise returned was $900
15 Paid advertising expense for last half of aug. $1,500
16 Received cash from sale of Aug 6, less return of August 14 and discount
19 Purchases merchandise for cash $8,100
19 Paid $6,100 to Ramler Co. on account, no discount
20 Sold merchandise on account to Petroski Co. terms 1/10, n/30, FOB shipping point, $16,000. The cost of the merchandise sold was $9,600
21 For the convenience of the customer, paid shipping charges on sale of Aug 20, $600
21 Received $11,750 cash from Phillips Co.l on account, on account, no discount
21 Purchases merchandise on account from Walden Co. terms 1/10, n/30, FOB destination, $15,000
24 Returned $3,500 on damaged merchandise purchased on Aug 21, receiving credit from the seller
26 Refunded cash on sales made for cash, $720. The cost of the merchandise returned was $380
28 Paid sales salaries of $1,750 and office salaries of $950
29 Purchased store supplies for cash, $550
30 Sold merchandise on account to Whitetail Co. terms 2/10, n/30, FOB shipping point, $18,750. The cost of the merchandise sold was $11,250
30 Received cash from sale of Aug. 20, less discount, plus transportation paid on Aug 21
31 Paid for Purchase of Aug 21, less return of Aug 24 and discount