Nickiblue
Nov 6, 2012, 07:44 PM
March 1st- sold merchandise to Jump Clothing for $7000.00; 2/5, n/15, FOB destination (cost of sales $6,250)
March 2 - purchased $3,500 of merchandise from Noble supplier, terms 1/10, n/20 FOB shipping point.
March 4 - Purchased merchandise inventory from Beat Sales for $14,500; terms 1/15, n/45, fob Beats sales.
March 5 - Sold merchandise to Fastpaste for $11,000; terms 2/5, n/15, FOB destination (cost of sales $9,000)
March 6 - Collected the amount owing from Jump Clothing regarding March 1 sale.
March 12 - Paid Noble supplier for the March 2 purchase.
March 20 - Collected the amount owing from Fastpaste regarding March 5 sale.
March 30 - Paid Beat Sales for March 4 purchase.
I have come to halt, please help me, I just can't thing or wrap my brain how to put it on an excel or work sheet.
March 2 - purchased $3,500 of merchandise from Noble supplier, terms 1/10, n/20 FOB shipping point.
March 4 - Purchased merchandise inventory from Beat Sales for $14,500; terms 1/15, n/45, fob Beats sales.
March 5 - Sold merchandise to Fastpaste for $11,000; terms 2/5, n/15, FOB destination (cost of sales $9,000)
March 6 - Collected the amount owing from Jump Clothing regarding March 1 sale.
March 12 - Paid Noble supplier for the March 2 purchase.
March 20 - Collected the amount owing from Fastpaste regarding March 5 sale.
March 30 - Paid Beat Sales for March 4 purchase.
I have come to halt, please help me, I just can't thing or wrap my brain how to put it on an excel or work sheet.