Question

2) The following purchasing and sales transactions happened for Hamilton Inc in the month of April: Apr 2 Purchased merchandise on account for Kai Supply for $8,900. Terms were 1/15, n/30 FOB shipping Point Apr 3 The appropriate party paid $100 freight on the April 2 purchases Apr 6 Sold $11,600 of merchandise on account to Kananaskis Supply, terms 1/10, n/30 FOB destination. The cost of the merchandise was $7,200 Apr 6 The appropriate party paid $350 cash for the Apr 6 transaction. Apr 7 Issued a $580 credit for merchandise for merchandise that was returned by Kananaskis Supply. The merchandise originally cost $360 and was returned To inventory Apr 10 Paid Kai Supply in full Apr 14 Purchased merchandise for $6,100 cash Apr 15 Received the balance owed from Kananaskis Supply Apr 16 Received a $500 refund for merchandise that was returned to the supplier In the April 14 cash purchase Apr 17 Purchased merchandise from Pigeon Distributors Limited for $4,200 terms Were 1/10 n/30 FOB destination Apr 20 Appropriate party paid $125 for freight on the April 17th transaction Apr 21 Received a $300 credit for merchandise returned to Pigeon Distributors Apr 23 Sold merchandise for $6,400 cash. The cost of the merchandise was $5,200 Apr 27 Paid Pigeon Distributor in full Journalize all transactions

Answer 1

Date Account Debit aloit Abra Purchase To kai Do. 8.900 8900 Apr3 100 Purchase To cash TOD Apot Kananaspis To sales 11600 11600 Apr 7 Sales Return To ka nanaskis 580 580 8,900 Apolo Kai To Discount To Bank 89 881) Sales - Abo14 Purchase To Cash Dr. 6100 6,100 Abr 15 Bank Discount To Kananskis Do. Dr. 10,9o9. so 110.2 1020 Apr 16 Cash 500 To purchase Return 500

Apr 17 4200 Purchase Dr. To Pigeon Distributors Purchase soos Do cod To cash 4700 Abr 20 125 ac 125 Abral Pigeon Distributors Dr & Tohuachare Return toute 300 m 300 Apr 23 Cash Dr 6400 To sales om 6400 Apr27 Pigeon Distributors Dr. 3900 To Discount To Bank 39 3861