Question: Could you help me to solve these a,b,c please? TAKING IT FURTHER Explain how freight terms can affect the selling price, and the cost, of

 Could you help me to solve these a,b,c please? TAKING IT

FURTHER Explain how freight terms can affect the selling price, and the

Could you help me to solve these a,b,c please?

TAKING IT FURTHER Explain how freight terms can affect the selling price, and the cost, of me Use the transactions on July 1 and 15 between Travel Warehouse and Trunk Manufacture explanation rc as part of your 5-5A At the beginning of june 2017 Willingham Distributing Company's ledger showed Cash $18,000 Me. chandise Inventory $5,900, and D. Willingham, Capital, $23,900,. During the month of June, the company had the following selected transactions: al June 1 Purchased $9,200 of merchandise inventory from Sun Supply Co, terms 1/15, n/30, FOB destinaticon 2 The correct company paid $250 cash for freight charges on the June 1 purchase. 5 Sold merchandise inventory to Moose Jaw Retailers for $12,000 The cost of the merchandise was $7,400 and the terms were 2/10, n/30, FOB destination Problems: Set A CHAPTER Issued a $900 credit for $550 and was returhed to inventory merchandise returned by Moose Jaw Retailers. The merchandise originally cost correct company paid $300 freight on the June 5 sale. $790 of supplies for cash point purchased $4,750 of merchandise inventory from Fey Wholesalers, terms 2/10, n/30, FOB shipping correct company paid $130 freight costs on the purchase from Fey Wholesalers. Received a $250 credit from Fey Wholesalers for returned merchandise. Paid Sun Supply Co. the amount due. Collected the balance owing from Moose Jaw Retailers. cld merchandise for $7,200 cash. The cost of this merchandise was $4,600. 0 12 14 15 1Dasalers the balance owing from the lune 10 purchase. 20 Paid Fey de a $500 cash refund to a cash customer for merchandise returned. The returned merchandise had merchandise to Bauer& Company for $4,100, terms n/30, FOB shipping point. Willingham's cost 25 cost of $315. The merchandise was damaged and could not be resold. for this merchandise was $2,600. Instructions (a) Record th e tran sactions assuming Willingham uses a perpetual inventory system. unts, and Cos transactions accounts for Merchandise Inventory) Saless Sales Returns and Allowances, Sales st of Goods Sold. Enter the beginning merchandise inventory balance, and post the Occ o Prepare a partial multiple-step income statement, up to gross profit, for the month ofjune 2017

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