Joana irabon establish a business Joana mdse, a non-VAT registered company. Below are the completed merchandising transactions in the month of January:

1. Purchase gppds to pigeon store worth $54,500,terms 2/10, n/30,FOB shipping point, freight prepaid, $1,500.

2. returned defectives goods to pideon store worth $6,000.

3. Paid the merchandise purchase in No.1 less discount.

4. Sold merchandise costing $12,000 for $22,000 to ivanhoe store, terms : 2/10, n/30.

5. Merchandise costing $1,000 sold for $1,500 was returned by ivanhoe store.

**** Journalize the above transaction****

Guys I really need help for this please.. thank you in advance! :D

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Originally Posted by markalcoy

Joana irabon establish a business Joana mdse, a non-VAT registered company. below are the completed merchandising transactions in the month of January:

1. Purchase gppds to pigeon store worth $54,500,terms 2/10, n/30,FOB shipping point, freight prepaid, $1,500.

2. returned defectives goods to pideon store worth $6,000.

3. Paid the merchandise purchase in No.1 less discount.

4. Sold merchandise costing $12,000 for $22,000 to ivanhoe store, terms : 2/10, n/30.

5. Merchandise costing $1,000 sold for $1,500 was returned by ivanhoe store.

**** Journalize the above transaction****

guys i really need help for this please.. thank you in advance! :D

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1. Purchase goods* to pigeon store worth $54,500,terms 2/10, n/30,FOB shipping point, freight prepaid, $1,500.

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