Question: Please help, It is Urgent. Please complete the following table. We've completed the first one as an example. Account Name Accounts Payable COGS Type of

Please help, It is Urgent.

Please help, It is Urgent. Please complete thePlease help, It is Urgent. Please complete thePlease help, It is Urgent. Please complete thePlease help, It is Urgent. Please complete the
Please complete the following table. We've completed the first one as an example. Account Name Accounts Payable COGS Type of Account Liability 0 Increases With Credit 0 Appears On Balance Sheet 0 Merchandise Inventory Sales Discounts Sales Returns and Allowances 0 0 0 0 0 0 0 0 0 Please record the following purchase transactions for The Wizard of Paws Pet Store who always take advantage of early payment discounts when they qualify. IMPORTANT: When entering numbers, please do not add commas or dollar signs. 1. On November 1, purchased 5 boxes of dog food for resale totaling $270 from Dog's Breakfast on account. Credit terms were 215, nI30. Journal Page 24 Date Accounts and Explanations PR Debit Credit 2022 Nov 1 3 {b Purchased 5 boxes of dog food from Dog's Breakfast 2. On Nov 3' received a purchase allowance of $20 to keep a box of dog food which was the wrong flavour. Page 25 Accounts and Explanations Credit Received purchase allowance from Dog's Breakfast 3. On November 5, paid the amount owing to Dog's Breakfast Journal Page 27 Date Accounts and Explanations PR Debit Credit 2022 Nov 5 0 0 Paid amount owing to Dog's Breakfast In each of the following cases, enter the amount the purchaser would pay in the final column of the table. IMPORTANT: When entering numbers, please do not add commas or dollar signs. Invoice Date Credit Terms Invoice Amount Payment Date Payment Amount Nov 3 2/5, n/15 $500 Nov 11 tA Oct 12 1/3, n/6 1,000 Oct 16 Sept 21 COD 2,000 Sept 21 Aug 28 1/4, n/10 3,000 Sept 1Review each of the following transactions and select whether it increases, decreases, or has no impact on the Merchandise Inventory account HINT: Start by determining whether we're the purchaser or the seller. Impact on Transaction Description . Merchandise Inventory Purchasing 4 tables for resale : Providing a customer with a sales allowance Purchasing 5 computers for use in the office Receiving a purchase allowance A company that sells pens & pencils sells 3 cases of pens Taking an early payment discount 0 Paying for an order that was purchased on account

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