Journalize the following transactions in the required special journals and post to the GL and subledgers...
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Journalize the following transactions in the required special journals and post to the GL and subledgers (AR & AP). All purchases and sales are subject to 15% HST and terms of 2/10, n/30. The perpetual inventory method is used. Use July 31 as the posting date for the totals from the special journals. July 7 Purchased merchandise with a price of $2,000+HST from The Bunters. July 8 Sold $800+HST of merchandise to ABC Company, cost $640. July 8 July 9 July 9 July 10 July 11 July 12 July 15 Tulu 16 Sold $1,700 + HST of merchandise to WMS Company, cost $1,445. Purchased merchandise from the Burgeroni Co. with a price of $1,500 plus HST. Received payment from ABC Company for the July 8 sale. Purchased merchandise with a price of $3,225 plus HST from the Eldorado Supply Co. Paid the amount due to The Bunters. Paid the amount due to Burgeroni Co. Returned $500 + HST of the merchandise purchased from Eldorado Supply Co. as defective. Sold $1.000+ TIST of merchandi to XVZ Comp Cost $790 July 15 Returned $500 + HST of the merchandise purchased from Eldorado Supply Co. as defective. July 16 July 18 July 20 July 21 July 22 July 23 Sold $1,000 + HST of merchandise to XYZ Company, cost $790. $200 + HST was refunded to WMS Company. Cost of merchandise $175. Received payment from WMS Company (less the return) for the July 8 purchase. Sold $1,100 + HST of merchandise to WMS Company, cost $935. Sold $900 + HST of merchandise to ABC Company, cost $788. Received payment from XYZ Company for the July 16 sale. July 25 July 31 Paid the amount due to Eldorado Supply Co. Sold $1,300 + HST of merchandise to XYZ Company, cost $1105. Journalize the following transactions in the required special journals and post to the GL and subledgers (AR & AP). All purchases and sales are subject to 15% HST and terms of 2/10, n/30. The perpetual inventory method is used. Use July 31 as the posting date for the totals from the special journals. July 7 Purchased merchandise with a price of $2,000+HST from The Bunters. July 8 Sold $800+HST of merchandise to ABC Company, cost $640. July 8 July 9 July 9 July 10 July 11 July 12 July 15 Tulu 16 Sold $1,700 + HST of merchandise to WMS Company, cost $1,445. Purchased merchandise from the Burgeroni Co. with a price of $1,500 plus HST. Received payment from ABC Company for the July 8 sale. Purchased merchandise with a price of $3,225 plus HST from the Eldorado Supply Co. Paid the amount due to The Bunters. Paid the amount due to Burgeroni Co. Returned $500 + HST of the merchandise purchased from Eldorado Supply Co. as defective. Sold $1.000+ TIST of merchandi to XVZ Comp Cost $790 July 15 Returned $500 + HST of the merchandise purchased from Eldorado Supply Co. as defective. July 16 July 18 July 20 July 21 July 22 July 23 Sold $1,000 + HST of merchandise to XYZ Company, cost $790. $200 + HST was refunded to WMS Company. Cost of merchandise $175. Received payment from WMS Company (less the return) for the July 8 purchase. Sold $1,100 + HST of merchandise to WMS Company, cost $935. Sold $900 + HST of merchandise to ABC Company, cost $788. Received payment from XYZ Company for the July 16 sale. July 25 July 31 Paid the amount due to Eldorado Supply Co. Sold $1,300 + HST of merchandise to XYZ Company, cost $1105.
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Related Book For
College Accounting Chapters 1-27
ISBN: 978-1305666177
22nd Edition
Authors: James A. Heintz, Robert W. Parry
Posted Date:
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