Question

please fill in the blanks and answer it as if yiu are writing the answr in the boxes itself

Ch 5: Homework Synced to Gradebook Mon, Feb 17, 2020, 6:15:42 PM (America/New York-05:00) < Prev Question 7 View Policies Current Attempt in Progress sort The following transactions are for Oriole Company 1. On December 3, Oriole Company sold $516,800 of merchandise to Cullumber Co, terms 3/10, 1/30. The cost of the merchandise sold was $310,100. 2. On December 8, Cullumber Co. was granted an allowance of $23,300 for merchandise purchased on December 3. 3. On December 13, Oriole Company received the balance due from Cullumber Co.

Answer 1

1.

2.

Date Particulars Dec-03 Accounts Receivable a/c Dr. I To Sales Debit in $ Credit in $ | 516800 516800 Dr. 310100 Cost of goods sold a/c To Inventory 310100

3.

23300 Dec-08 Sales Return allowance a/c Dr. To Accounts Receivable 23300

Dec-13 Cash a/c Dr. Sales Discounts a/c Dr. To Accounts Receivable 478695 14805 493500

b.

Jan-02 Jan-02 cash al comunitatea de a 493500 Cash a/c Dr. To Accounts Receivable 493500 493500