Listed below is a list of transactions from the XYZ Merchandising firm. 5000 maig April 1...
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Listed below is a list of transactions from the XYZ Merchandising firm. 5000 maig April 1 April 2 April 7 April 10 April 12 April 17 April 20 April 25 April 28 April 30 Required: 1. Journalize each of the transactions. Purchased supplies on account, $500. Sold merchandise on account, $1,500; 2/10, n/30. FOB destination, Myers Shipping. Received shipping bill from Myers Shipping firm for April 2nd sale, $250. Payment is to be made in 30 days. Purchased merchandise on account $2,500; 2/10, n/30. FOB shipping point, U.S. Rail. Received payment from April 2nd sale, $1,470. Paid Myers shipping, $250 (see April 7th) Paid $3,000 on accounts payable. Paid office salaries, $1,500. Purchased merchandise $1,000 on account, 2/10, n/30. FOB destination Sold merchandise, $500 cash. 090,22 (d has galtzaiba sam Listed below is a list of transactions from the XYZ Merchandising firm. 5000 maig April 1 April 2 April 7 April 10 April 12 April 17 April 20 April 25 April 28 April 30 Required: 1. Journalize each of the transactions. Purchased supplies on account, $500. Sold merchandise on account, $1,500; 2/10, n/30. FOB destination, Myers Shipping. Received shipping bill from Myers Shipping firm for April 2nd sale, $250. Payment is to be made in 30 days. Purchased merchandise on account $2,500; 2/10, n/30. FOB shipping point, U.S. Rail. Received payment from April 2nd sale, $1,470. Paid Myers shipping, $250 (see April 7th) Paid $3,000 on accounts payable. Paid office salaries, $1,500. Purchased merchandise $1,000 on account, 2/10, n/30. FOB destination Sold merchandise, $500 cash. 090,22 (d has galtzaiba sam
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To journalize each of the transactions we will record them in a general journal using ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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