tybeau86
Oct 20, 2009, 06:02 PM
I can't get this. I'm so confused how to journalize in the periodic method.
THe following transactions occurred during April of the current year:
April 03 purchased $12,000 of merchandise (2/10, N/30)
April 07 Merchandise of April 03 Returned, $800
April 10 Sold goods costing $4000 for $7600
April 12 Paid for April 03 purchase
April 23 Sold goods costing $1050 for $1800
1) redord the journal Entry of the above using periodic method.
THe following transactions occurred during April of the current year:
April 03 purchased $12,000 of merchandise (2/10, N/30)
April 07 Merchandise of April 03 Returned, $800
April 10 Sold goods costing $4000 for $7600
April 12 Paid for April 03 purchase
April 23 Sold goods costing $1050 for $1800
1) redord the journal Entry of the above using periodic method.