Question: i need help on 10 snd 22 please Finish attempt... Question 2 Parally correct Mark 08 out of 1.00 Rag question Journal Entries for Merchandise

Finish attempt... Question 2 Parally correct Mark 08 out of 1.00 Rag question Journal Entries for Merchandise Transactions-Perpetual System Cushing Distributing Company uses the perpetual inventory system. Cushing had the following transactions related to merchandise during the month of June: June Purchased on account merchandise for resale for $13,000 terms were 2/10/20 3 Paid $650 cash for freight on the june purchase 7 Returned merchandise costing 5800 (part of the $1.000 purchase) 10 Paid for merchandise purchased on June 12 13 Sold merchandise on account costing $10,000 for $13.000 terms were 2/10 3 16 Customer returned merchandise costing 5956 that had been sold on account for $100 (part of the $13,000 22 Received payment from customer for merchandise sold on June 13 Required Prepare journal entries for each of the transactions for the Cushing Distributing Company. GENERAL JOURNAL Date Description Debit Credit inventory 05 11.000$ 10 Accounts Payable DY 11000 Purchased merchandise with 20 30 terim. June 69F Partly sunny D 1 Return to course are journal entries for each of the transactions for the Cushing Distributing Company. GENERAL JOURNAL ate Description Debit Credit 1 Inventory S 11,000 $ Accounts Payable 0M Purchased merchandise with 2/10, n/30 terms 3 Inventory Cash Paid freight on June 1 purchase. 7 Accounts Payable Inventory Returned merchandise from June 1 purchase. 10 Accounts Payable Inventory Cash Paid for merchandise purchased on June 1 within the discount period. 13 Accounts Receivable Sales Revenue To record revenue from sale of merchandise. 13 Cost of Goods Sold Inventory To record cost of merchandise sold and to reduce inventory. 16 Sales Returns and Allowances Accounts Receivable To record sales return by customer 16 Inventory Cost of Goods Sold To record cost of goods returned by customers 22 Cash Sales Discounts Accounts Receivable To record receipt of cash from cu "F artly sunny 00 >>>>>>> 0:0 00 e 0.0 00 0.0 0.0 in perico >> Y >> 8 8 800 # 650 OV 800 0 200 x av 0 13,000 OM 10.000 04 1,100 07 950 05 x 0x a 0 11.000 0 650 OV 800 0 200 x 200 x 0 13,000 0 10,000 0 1,100 0 950
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