astonebraker
Oct 4, 2012, 08:51 PM
June 1 Purchased books on account for $2,150 (including freight) from Brooks Publishers, terms 2/10, n/30.
3 Sold books on account to the Mission Viejo bookstore for $2,140. The cost of the merchandise sold was $880.
6 Received $30 credit for books returned to Brooks Publishers.
9 Paid Brooks Publishers in full.
15 Received payment in full from the Mission Viejo bookstore.
17 Sold books on account to Book Nook for $2,140. The cost of the merchandise sold was $720.
20 Purchased books on account for $880 from Cook Book Publishers, terms 2/15, n/30.
24 Received payment in full from Book Nook.
26 Paid Cook Book Publishers in full.
28 Sold books on account to NewTown Bookstore for $1,700. The cost of the merchandise sold was $770.
30 Granted NewTown Bookstore $300 credit for books returned costing $80.
I need June 6, 9, 15, 20, 24, and 26 journalized using the perpetual inventory system style. HELP!!
3 Sold books on account to the Mission Viejo bookstore for $2,140. The cost of the merchandise sold was $880.
6 Received $30 credit for books returned to Brooks Publishers.
9 Paid Brooks Publishers in full.
15 Received payment in full from the Mission Viejo bookstore.
17 Sold books on account to Book Nook for $2,140. The cost of the merchandise sold was $720.
20 Purchased books on account for $880 from Cook Book Publishers, terms 2/15, n/30.
24 Received payment in full from Book Nook.
26 Paid Cook Book Publishers in full.
28 Sold books on account to NewTown Bookstore for $1,700. The cost of the merchandise sold was $770.
30 Granted NewTown Bookstore $300 credit for books returned costing $80.
I need June 6, 9, 15, 20, 24, and 26 journalized using the perpetual inventory system style. HELP!!