Gamegirl Inc., has the following transactions during August. August 6 Sold 76 handheld game devices for...
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Gamegirl Inc., has the following transactions during August. August 6 Sold 76 handheld game devices for $230 each to DS Unlimited on account, terms 2/10, net 60. The cost of the 76 game devices sold, was $210 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet < 1 2 3 4 Record the sale of inventory on account. Note: Enter debits before credits. Date General journal August 06 Clear entry Record entry Debit Credit View general journal > Journal entry worksheet < 2 3 Record the cost of inventory sold. Note: Enter debits before credits. Date August 06 Record entry General journal Clear entry Debit Credit View general journal > Journal entry worksheet 1 DS Unlimited returned six game devices purchased on 6th August since they were defective. Note: Enter debits before credits. Date General journal Debit Credit August 10 Clear entry View general journal Record entry Journal entry worksheet 1 2 3 4 Received full amount due from DS Unlimited. Note: Enter debits before credits. Date General journal August 14 Clear entry Record entry Debit Credit View general journal Gamegirl Inc., has the following transactions during August. August 6 Sold 76 handheld game devices for $230 each to DS Unlimited on account, terms 2/10, net 60. The cost of the 76 game devices sold, was $210 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet < 1 2 3 4 Record the sale of inventory on account. Note: Enter debits before credits. Date General journal August 06 Clear entry Record entry Debit Credit View general journal > Journal entry worksheet < 2 3 Record the cost of inventory sold. Note: Enter debits before credits. Date August 06 Record entry General journal Clear entry Debit Credit View general journal > Journal entry worksheet 1 DS Unlimited returned six game devices purchased on 6th August since they were defective. Note: Enter debits before credits. Date General journal Debit Credit August 10 Clear entry View general journal Record entry Journal entry worksheet 1 2 3 4 Received full amount due from DS Unlimited. Note: Enter debits before credits. Date General journal August 14 Clear entry Record entry Debit Credit View general journal
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Aug06 Aug06 Aug10 Aug14 Answer Date Account Titles and Explanation Accounts Receivable 76230 Sal... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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