Aug. 18 | Accounts Payable-Waters (6,000-600) | 5,400 | |
Merchandise Inventory (5,400*1%) | 54 | ||
Cash (5,400-54) | 5,346 |
how to do thus chart thank you. Aug. 1 Purchased merchandise from Aron Company for $7,000...
Aug. 1 Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. Aug. 5 Sold merchandise to Baird Corp. for $5,200 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $4,000. Aug. 8 Purchased merchandise from Waters Corporation for $5,400 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8. Aug. 9 Paid $125 cash for shipping charges related to the...
D Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable-Aron. Aug. 1 Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird Corp. for $5,200 under credit terms of 2/10, n/60, FOB destination,...
1 nces Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method Hint. It will help to identify each receivable and payablo, for example, record the purchase on August 1 in Accounts Payable Aron Aug 1 Purchased merchandise fron Aron Company for $7,500 under credit teras of 1/10, 1/30, FOB destination, invoice dated August 1. S Sold merchandise to Baird Corp. for $5,200 under credit terns 10, 1/60, FOB...
I need help preparing a journal entry for the merchandise transactions if Lowe's. Uses the perpetual inventory system and gross method. Prepare journal entries to record the following merchandising transactions of Lowe's, which u gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 Payable-Aron.) in Accounts Aug. 1 Purchased merchandise from Aron Company for $6,888 under c redit terns of 1/18, n/se, FOB destination, invoice dated August 5 Sold...
Problem 4-2A Preparing journal entries for merchandising activities-perpetual system LO P1, P2 Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable-Aron.) Aug. 1 Purchased merchandise from Aron Company for $5,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird...
Journal entry worksheet < 1 9 10 11 12 13 14 15 16 IIIII Received balance due from Baird Corp. for the August 5 sale less the return on August 10. Note: Enter debits before credits. Date General Journal Debit Credit Aug 15 Cash Sales discounts Accounts receivable—Baird Record entry Clear entry View general journal Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory systen and the gross method. Hint: It will help...
Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron. Aug. 1 Purchased merchandise from Aron Company for $9,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird Corp. for $6,300 under credit terms of 2/10, n/60, FOB destination, invoice...
Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron. Aug. 1 Purchased merchandise from Aron Company for $7,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird Corp. for $4,900 under credit terms of 2/10, n/60, FOB destination, invoice...
Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron. Aug. 1 Purchased merchandise from Aron Company for $9,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to Baird Corp. for $6,300 under credit terms of 2/10, n/60, FOB destination, invoice...
Problem 4-2A Preparing journal entries for merchandising activities-perpetual system LO P1, P2 Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. (Hint. It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable Aron.) Aug 1 Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 5 Sold merchandise to...