Please post the transactions to T accounts. I have added the rest of the transactions. Bridgeport Hardware
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Please post the transactions to T accounts. I have added the rest of the transactions.
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Bridgeport Hardware Store Inc. completed the following merchandising transactions in the month of May 2018. At the beginning of May, Bridgeport's ledger showed Cash of $8,200 and Common Shares of $8,200. May 1 2 5 9 10 11 12 15 17 Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10, n/30. 19 Sold merchandise on account for $4,100, terms 3/10, n/30. The cost of the merchandise sold was $3,380. Received credit from Hilton Wholesale Supply for merchandise returned $300. Received collections in full, less discounts, from customers billed on May 2. 24 Paid Hilton Wholesale Supply in full, less discount. Purchased supplies for cash $930. Purchased merchandise for cash $2,920. Received $220 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise from Northern Distributors for $2,400, terms 2/10, n/30. Paid freight on May 17 purchase $270. Sold merchandise for cash $5,780. The cost of the merchandise sold was $4,000. Bridgeport Hardware Store Inc. completed the following merchandising transactions in the month of May 2018. At the beginning of May, Bridgeport's ledger showed Cash of $8,200 and Common Shares of $8,200. May 1 2 5 9 10 11 12 15 17 Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10, n/30. 19 Sold merchandise on account for $4,100, terms 3/10, n/30. The cost of the merchandise sold was $3,380. Received credit from Hilton Wholesale Supply for merchandise returned $300. Received collections in full, less discounts, from customers billed on May 2. 24 Paid Hilton Wholesale Supply in full, less discount. Purchased supplies for cash $930. Purchased merchandise for cash $2,920. Received $220 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise from Northern Distributors for $2,400, terms 2/10, n/30. Paid freight on May 17 purchase $270. Sold merchandise for cash $5,780. The cost of the merchandise sold was $4,000.
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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