Chapter $5$ Part $2$ i

Prepare journal entries to record the transactions assuming a periodic inventory system.

April $5$ Sold merchandise to a customer for $$6,800$; terms $\frac{1}{10},\frac{n}{30}($cost of sales $$4,080.$

$7$ Made a cash sale of $$5,100$ of merchandise to a customer today $($cost of $5a1e5$$$3,060).$

$8$ Sold merchandise for $$12,400$; terms $\frac{1}{10},\frac{n}{30}($cost of sales $$7,440).$

$15$ Collected the amount owing from the credit customer of April $5.$

May $4$ The customer of April $8$ paid the balance owing.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

Record sale of merchandise for $$6,800$; terms $\frac{1}{10},\frac{n}{30}$ cost of sales $$4,080.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Apr: $05,,,],[,,,]]$

Threy

$3$ of $4$

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