General Journal | Debit | Credit | |
a | |||
1 | Accounts receivable-Balboa co. | $65,300 | |
Sales | $65,300 | ||
2 | Cost of goods sold | $39,200 | |
Inventory | $39,200 | ||
b | |||
1 | Customer refunds payable | $13,100 | |
Accounts receivable-Balboa co. | $13,100 | ||
2 | Inventory | $7,900 | |
Estimated returns inventory | $7,900 | ||
c | |||
Cash ($65,300-13,100) | $52,200 | ||
Accounts receivable-Balboa co. | $52,200 |
30. The cost of the goods sold is $39,200. Showcase issues acreditamo for $13.100 for merchandise...
sales-related transactions showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $63,3000 Sales Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co, on account, 563,300, terms 30. The cost of the merchandise sold is $38,000. Showcase Co. issues a credit memo for 512,700 for merchandise returned prior to Balboa Copaying the original invoice. The cost of the merchandise returned is $7,600 a. Journalize Showcase Co's entries for (1) the sale, including (2) the cost...
Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $63,700, terms n/30. The cost of the goods sold is $38,200. Showcase issues a credit memo for $12,700 for merchandise returned prior to Balboa paying the original invoice. The cost of the merchandise returned is $7,600. a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the goods sold. (1) (2) b. Journalize Showcase Co.'s entries for (1) the credit memo, including (2) thee...
On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $263,360, terms n/30. The cost of the merchandise sold is $146,820. Showcase Co. issues a credit memo on March 5 for $29,050 for merchandise returned prior to Balboa Co. paying the original invoice on March 29. The cost of the merchandise returned is $17,020. Journalize Showcase Co.’s entries for (a) the sale, including the cost of the merchandise sold, (b) the credit memo, including the...
Please help Instructions On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of the merchandise sold S152.700. Showcase Co. issues a rmerchandise returned prior to Balboa Co. paying the original invoice on March 29. The cost of the merchandise returned is $17,500. credit memo on March 5 for $30.000 Journalze Showcase Co. 's entries for (a) the sale, inciuding t cost of the merchandise sold, (b) the credit memo,...
On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $237,490, terms n/30. The cost of the merchandise sold is $152,560. On March 5, Showcase Co. issues a credit memo for $31,500 for merchandise returned prior to Balboa Co. paying the original invoice on March 29. The cost of the merchandise returned is $18,670. Journalize Balboa Co.’s entries for (a) the purchase, (b) the return of the merchandise for credit, and (c) the payment of...
A Show Me How N LD ... CengageNOW2 Online teaching and learning res Calculator Print Item + Comments Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $40,100, terms n/30. The cost of the merchandise sold is $24,100. Showcase Co. issues a credit memo for $8,000 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $4,800. a. Journalize Showcase Co.'s entries for (1) the sale, including...
NOO Mail Cengage Unlimited Student Dashboard CengageNOW12 Online teaching and learning resource from Ceng eBook Show Me How Calculator Printem Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $34,500, terms 1/30. The cost of the merchandise sold is $20,700. Showcase Co. issues a credit memo for $6,200 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $3,700 a. Journalize Balboa Co's entry for the purchase...
whand to be on ding purposes December Arte JU la. Elation EMR Netflix, eBook Show Me How Calculator CHART OF ACCOUNTS Balboa Co. General Ledger REVENUE 410 Sales 610 Rent Ravenue 110 Cash 120 Accounts Receivable 125 Notas Recalvable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 501 Cost of Goods Sold 521 Delivery...
Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $13,300 with terms 1/10, n/30. The cost of the goods sold was $7,980. Sale Accounts Receivable Sales Cost Cost of Goods Sold Inventory Feedback Check My Work (a) When the perpetual inventory system is used, two entries are recorded each time a sale is made. In the first entry, accounts receivable and the sale entry records the cost of the merchandise sold and the reduction of inventory on...
Sales-related transactions Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $67,000. a. Journalize Sayers' entries to record the sale. b. Journalize the receipt of payment within the discount period. c. Journalize the entry to record the receipt of payment beyond the discount period of ten days.