8 Purchased 18 boxes of Ping Pong Balls from Sport Borders for $168 each, terms net 30....
Question:
8 Purchased 18 boxes of Ping Pong Balls from Sport Borders for $168 each, terms net 30.
10 Paid the full amount owing to Sports 'R Us, Check No. 776. Payment fell outside discount period.
10 Sold 11 NX Snooker Sets to Balls 'n All for $176 each, Invoice No. 815.
11 Paid sales staff wages of $1,971 for the week up to and including yesterday, Check No. 777.
12 Paid the full amount owing to Extreme Sports Inc, Check No. 778. Payment fell outside discount period.
12 Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting Goods has been a loyal customer from the day the business commenced, a 5% discount was given for this early repayment.
14 Paid the full amount owing to Addax Sports, Check No. 779.
14 Made cash sale of 26 boxes of Golf Balls for $312 each.
Step by Step Answer:
Computation of the Journal Entries Sl no Particulars Amount Amount 8 Marchandise Inventory AcDr 3024...View the full answer
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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