Question updated please need help in this question
1)
2)LO company payment : 2557 -557 ( returned goods ) = 2000 * 98% ( 2% discount ) = 1960
Question updated please need help in this question Grassley Company completes these transactions during August of...
Create a General Ledger for the following transactions: Turner Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $45,800 of merchandise from Wilson Industries, invoice dated March 1, terms 2/15, n/30. Mar. 2 Sold merchandise on credit to Perez Co., Invoice No. 854, for $43,200 (cost is $26,000). Mar. 3 Purchased $1,500 of office supplies on credit from Martin Company, invoice dated March 3, terms...
in reference to part 2-e: Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. 3 (b) Sold...
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $43,600 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,800 (cost is $8,400). 3 (a) Purchased $1,230 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. 3 (b) Sold merchandise on credit to...
Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $15,100 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/60. 3 Sold merchandise on credit to Page Alistair, Invoice No. 760, for $5,500 (cost is $3,500). 3 Purchased $1,400 of office supplies on credit from Custer, Inc. Invoice dated April 2, terms n/10 EOM. 4 Issued Check No. 587 to World...
1. Rackley Company completes these transactions and events during March of the current year (terms of all credit sales are 2/10,n/30, unless otherwise stated in the transaction): perpetual inventory system was adopted by Rackley Company in recording its inventory transactions. March 1 Received $87,200 of merchandise and an invoice dated March 1, terms 2/15, 1/30, from Fox Industries. 2. Sold merchandise on credit to Armand Leon. Invoice No. 854, for $33.600 (cost $16.800). 3. Purchased $2460 of office supplies on...
Answer the whole question, please. Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $15,100 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/60. 3 (a) Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,600 (cost is $3,500). 3 (b) Purchased $1,550 of office supplies on credit from Custer, Inc. Invoice dated April 2, terms n/10 EOM....
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. Nm mo 12 1 Purchased $33,000 of merchandise from Van Industries, invoice dated March 1, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,200 (cost is $6,600). 3 (a) Purchased $990 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. 3 (b) Sold merchandise...
This is an updated question with the other requirements. Please i also need these answered as soon as possible. Thanks! GSU Corporation completed these transactions during January of the current year: January 1, Began business by selling stock for $725,000.00. January 1, Rented office space for 1 month using check number 800 for $10,000.00 to Smithlord Properties. (Example posted to cash disbursement journal). January 2, Purchased office furniture and equipment on credit from McKay Company, invoice mck66 dated January 9,...
PLEASE I NEED HELP IMMEDIATELY GSU Corporation completed these transactions during January of the current year: January 1, Began business by selling stock for $725,000.00. January 1, Rented office space for 1 month using check number 800 for $10,000.00 to Smithlord Properties. (Example posted to cash disbursement journal). January 2, Purchased office furniture and equipment on credit from McKay Company, invoice mck66 dated January 9, terms 2/10, net 30, $20,499.11. (Example posted to purchases journal). January 2, Sold merchandise on...
[The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $37,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $14,800 (cost is $7,400). 3 (a) Purchased $1,110 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10...