Journal, Ledger, Trial Balance for this

World Boards Co.

	World Board Co.
	List of Transqactions
Date	Transaction
2008
March 1	Paid rent for March, $2,400.
3	Purchased merchandise on account from Huisman Co., terms 2/10, n/30, FOB shipping point, $21,600.
4	Paid transportation charges on purchase of March 3, $500.
6	Sold merchandise on account to Hillcrest Co., terms 2/10, n/30, FOB shipping point, $8,500. The cost of the merchandise sold was $5,000.
7	Received $8,900 cash from Foley Co. on account, no discount.
10	Sold merchandise for cash, $27,200. The cost of the merchandise sold was $16,000.
13	Paid for merchandise purchased on March 3, less discount.
14	Received merchandise returned on sale of March 6, $1,500. The cost of the merchandise returned was $900.
15	Paid advertising expense for last half of March, $2,600.
16	Received cash from sale of March 6, less return of March 14 and discount.
19	Purchased merchandise for cash, $11,800.
19	Paid $9,000 to Bakke Co. on account, no discount.
20	Sold merchandise on account to Wilts Co., terms 1/10, n/30, FOB shipping point, 22,300. The cost of the merchandise sold was $13,200.
21	For the convenience of the customers, paid shipping charges on sale of March 20, $1,100
21	Received $17,600 cash from Owen Co. on account, no discount.
21	Purchased merchandise on account from Nye Co., terms 1/10, n/30, FOB destination, $19,900
24	Returned $2,000 of damaged merchandise purchase on March 21, receiving credit from the seller
26	Refunded cash on sales made fro cash, $1,200. The cost of the merchandise returned was $700
28	Paid sales salaries of $7,600 and office salaries of $4,800
29	Purchased store supplies for cash, $800
30	Sold merchandise on account to Whitetail Co., terms 2/10, n/30, FOB shipping point, $18,750. the cost of the merchandise sold was $11, 250
30	Received cash from sale of March 20, less discount, plus transportation paid on March 21
31	Paid for purchase of March 21, less return of March 24, and discount.

Answer rating: 100% (QA)

Journalize Date Marl 3 4 6 7 lo 13 Journal account Rent expenses Cash M... View the full answer