badgirl26
Mar 17, 2011, 02:27 AM
Recording of transaction
Martel store completed the following merchandising transaction in the month of April 2010. At the beginning of April, the ledger of the said store showed cash of P75,000 and Martel, Capital of P75,000.
April 1- Purchased merchandise on account from Daffy Co. amounting to P50,000, terms:2/10,n/30.
April 2- Sold merchandise on account P8,000, terms:2/10, n/30.
Martel store completed the following merchandising transaction in the month of April 2010. At the beginning of April, the ledger of the said store showed cash of P75,000 and Martel, Capital of P75,000.
April 1- Purchased merchandise on account from Daffy Co. amounting to P50,000, terms:2/10,n/30.
April 2- Sold merchandise on account P8,000, terms:2/10, n/30.