imstructions

(works to do)

enter transactions in general journal

general ledger

invoice amount less the 2% discount). 3 Purchased books on account from Broadway Publishing, Inc., $2,880. Involce No. 711, less a 20% trade discount, and invoice terms of 3/10,n/30,FOB shipping point. 3 Issued Check No. 301 to Mayday Shipping for delivery from Broadway Publishing, Inc., \$250. 4 Issued Check No. 302 for June rent, $625. 8 Purchased books on account from Northeastern Publishing Co, $5,825. Invoice No. 268, terms 2/eom, n/60, FOB destination. 10 Received a credit memo from Irving Publishing Company, \$550. Books had been returned because the covers were on upside down. 13 Issued Check No. 304 to Broadway Publishing. Inc., for the purchase made on June 3. (Check No. 303 was voided because an error was made in preparing it) 28 Made the following purchases: 3. Prepare a schedule of accounts payable. Amount Descriptions Cost of goods purchased Goods available for sale Merchandise inventory, January 1 Merchandise inventory, June 30 Net purchases 4. If merchandise inventory was $35,523 on January 1 and $42,100 as of June 30 , prepare the cost of goods sold section of the income stafement for the Instructions Chart of Accounts Amount Descriptions General Journal General Ledger Accounts Poyable Ledger General Ledger GENERAL LEDGER Account: Cash Account No, 101 Accounte Cash GENERAL LEDGER T Account Cash Nccount: Accounts Payable Account: M. French, Drawing Accounti Purchaves Account: Purchases Returns and Allowances Account: Purchases Discounts Account: Freight-in Nccount: Rent Expense Account: Utalites Dopense Account No. 202 Account No. 312 Account No, 501 Account No. 501.1 Account No, 501.2 Account No. 502 Account No. 521 Account No, 533 2. Post from the joumal to the accounts payable ledget accounts. Accounts. Payable Ledger instructions Mchele French owns and operales Books and Move, a rotail bock store. Selected account balances on June 1 are as shown: The following purchases and cash paymerts tantactions took place dunng the month of June. General Ledger