Question: accounts problem ..please solve it 1. Maeve's Store had the following transactions during December, the last month of the accounting period: Dec. 1 Sold merchandise

 accounts problem ..please solve it 1. Maeve's Store had the following

accounts problem ..please solve it

transactions during December, the last month of the accounting period: Dec. 1

1. Maeve's Store had the following transactions during December, the last month of the accounting period: Dec. 1 Sold merchandise on credit for $7,000, cost $3,000 terms 1/10, n/30. 3 Purchased merchandise for cash, $1,900. 4 Purchased merchandise on credit for $5,600, terms 2/10, n/30. 5 Issued a credit memorandum for $600 to a customer who returned merchandise purchased November 29, cost $400 11 Received payment for merchandise sold December 1. 15 Received a credit memorandum for $600 for the return of faulty merchandise purchased on December 4. 18 Paid freight charges of $50 for merchandise ordered last month. 23 Paid for the merchandise purchased December 4 less merchandise returned. 24 Sold merchandise on credit for $9,000, terms 1/10 n/30, cost $6,500. 31 Received payment for merchandise sold on December 24. Prepare general journal entries to record these transactions, using a perpetual inventory system. 2. First Shot Photography Store has the following trial balance at their year-end, December 31, 2020. Piret Shot Photography Shore For the paw eaded December 11, 2030 Trio Bene Account Dahil Cro 40.00 395.000 Accounts Payable Accounts Accumulated armontiration for Action, or cash register Atvertising 10.000 3,000 1500 Amortion price 17.000 Amortization store cash register 1800 |Cash M. Contal good 216.00 111.000 2500 Interestere 300,000 2.100 271.000 Notes papable 5.000 Purperoso 15.000 5.000 Bertopenerale Park 2200 12000 Salaries wice Se preso 12.000 405.000 20.000 1000 Supplies esperse, store 5700300 S760,200 Prepare a classified multiple-step income statement in good form for First Shot Photography Store for their 2020 fiscal year

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