Question

Problem 6-66A Recording Sale and Purchase Transactions and engaged in the following transactions during April 2019, its first month of operations: .. On April 2 Alpharack purchased, on crodit, 360 Wilbur T-100 tennis rackets with credit terms of 2/10 30. The rackets were purchased at a cost of $30 cach Alpharack paid Barker Trucking $195 to transport the tennis rackets from the manofacturer to Alpharack's warchouse, shipping terms were F.O.B shipping point, and the items were shipped on April 2 2. On April 3, Alpharack purchased, for cash, 115 packs of tennis balls for $10 per pack 5 On April 4, Alpharack purchasod tennis clothing on credit, from Designer Tennis Wear. The cost of the 4. On April 10, Alpharack paid for the purchase of the tennis rackets in Transaction a clothing was $8,250 Credit tems were 2/10,/25 5. On April 15, Alpharack determined 6. On April 20, Alpharack sold 118 iennis rackets at $90 cach 92 packs of tennis balls at $12 per pack, and 7. On April 23, customers that $325 of the tennis clothing was defective. Alpharack returned $5,380 of tennis clothing All sales were for cash. The cost of the merchandise sold was $7,580. rcturned $860 of the merchandise purchased on April 20. The cost of the On April 2s 9 On Apil 29, Aipharack paid Designer Tennis Wear for the clothing purchased on April 4 minas the sold another S5 tennis rackets on credit, for $90 each and 15 packs of tennis bals at $12 per pack, for cash. The cost of the merchandise sold was S1.800 return on April 15 shipped FO.Β. de k purchased 20 tennis bags, on credit and arrived at Alpharack on May 3. Required . Propare the journal cntries to rocord the sale and purchase transsctions for Alpharack during April 2019 or April 2019

Answer 1

e bbo PAGE İNo. Journal Entktic DakPoeitwlaw 2019 Io, Boo ak-(a) T-loD Tennis racket To 10의30 1ISD 2 SD To Designer Tenni's coeat 82SD 2. to h Corh ale To Discout xeteived ak (o 584 216 th Suppliers

for 1 1더 104 13, 104 118.90+42x12-t-538D 0640 + 1104± 23 Sales rchan N 860 860 hla Cash A 5130 5130 To Sali (okt 55x30+ 15 x10-1800 Mercedise Sorto l do To Cash pic 192S ues 82S325 33D To Basdesigns te ese 859 62,85

22,234 Sales 60 21314 Less Cos DSlD 32S 2olgs 19s ess Clas shok L39q a l6 (&500 3S IS Leu : Net pb 2335