Oriole Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to...
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Oriole Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 3 Purchased books on account for $2,840 (including freight) from Catlin Publishers, terms 4/10, n/30. Sold books on account to Garfunkel Bookstore for $800. The cost of the merchandise sold was $700. 6 Received $40 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. SS 15 17 20 24 2222 26 28 Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,050, terms of 4/10, n/30. The cost of the merchandise sold was $750. Purchased books on account for $700 from Priceless Book Publishers, terms 2/15, n/30. Received payment in full, less discount from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $2,600. The cost of the merchandise sold was $750. 30 Granted General Bookstore $260 credit for books returned costing $65, Oriole Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 3 Purchased books on account for $2,840 (including freight) from Catlin Publishers, terms 4/10, n/30. Sold books on account to Garfunkel Bookstore for $800. The cost of the merchandise sold was $700. 6 Received $40 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. SS 15 17 20 24 2222 26 28 Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,050, terms of 4/10, n/30. The cost of the merchandise sold was $750. Purchased books on account for $700 from Priceless Book Publishers, terms 2/15, n/30. Received payment in full, less discount from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $2,600. The cost of the merchandise sold was $750. 30 Granted General Bookstore $260 credit for books returned costing $65,
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