Put the Following Inventories: 2016 Mar. Purchased merchandise from Earl Miller Company on account, $4,000, plus GST.
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Put the Following Inventories:
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2016 Mar. Purchased merchandise from Earl Miller Company on account, $4,000, plus GST. Invoice No. 410, dated March 1, terms 2/10, n/30. 4 Sold merchandise to Bill Burton on account, $1,000, plus GST. Invoice No. 1, terms 2/10, n/30. Sold merchandise to Jim Rex on account, $700, plus GST. Invoice No. 2, terms 2/10, n/30. Purchased merchandise from Earl Miller Co. on account, $1,200, plus GST. Invoice No. 415, dated March 8, terms 2/10, n/30. 8 Sold merchandise to Bill Burton on account, $600, plus GST. Invoice No. 3, terms 2/10, n/30. 11 11 Paid cleaning service $300, plus GST. Cheque No. 2. Paid Earl Miller Co. invoice No. 410, dated March 1, cheque No. 3. 12 Jim Rex returned merchandise that cost $300 (before GST) to Abby's Toy House. Abby issued credit memorandum No. 1 to Jim Rex for $300, plus GST. 12 Purchased merchandise from Minnie Katz on account, $4,000, plus GST. Invoice No. 311, dated March 12, terms 1/15, n/60. Sold $1,300 (plus GST) worth of toy merchandise for cash. Paid salaries, $600, cheque No. 4. Abby Ellen invested $10,000 in the toy store. 1 Paid three months' rent in advance, cheque No. 1, $3,000, plus GST. 1 6 13 15 15 18 18 8 Returned merchandise to Minnie Katz in the amount of $1,000, plus GST. Abby's Toy House issued debit memo- randum No. 1 to Minnie Katz. 15 Sold merchandise for cash, $4,000, plus GST. 15 Received payment from Jim Rex, invoice No. 2 (less returned merchandise), less discount, Bill Burton paid invoice No. 1. Sold toy merchandise to Amy Rose on account, $4,000. plus GST. Invoice No. 4, terms 2/10, n/30. 2016 Mar. Purchased merchandise from Earl Miller Company on account, $4,000, plus GST. Invoice No. 410, dated March 1, terms 2/10, n/30. 4 Sold merchandise to Bill Burton on account, $1,000, plus GST. Invoice No. 1, terms 2/10, n/30. Sold merchandise to Jim Rex on account, $700, plus GST. Invoice No. 2, terms 2/10, n/30. Purchased merchandise from Earl Miller Co. on account, $1,200, plus GST. Invoice No. 415, dated March 8, terms 2/10, n/30. 8 Sold merchandise to Bill Burton on account, $600, plus GST. Invoice No. 3, terms 2/10, n/30. 11 11 Paid cleaning service $300, plus GST. Cheque No. 2. Paid Earl Miller Co. invoice No. 410, dated March 1, cheque No. 3. 12 Jim Rex returned merchandise that cost $300 (before GST) to Abby's Toy House. Abby issued credit memorandum No. 1 to Jim Rex for $300, plus GST. 12 Purchased merchandise from Minnie Katz on account, $4,000, plus GST. Invoice No. 311, dated March 12, terms 1/15, n/60. Sold $1,300 (plus GST) worth of toy merchandise for cash. Paid salaries, $600, cheque No. 4. Abby Ellen invested $10,000 in the toy store. 1 Paid three months' rent in advance, cheque No. 1, $3,000, plus GST. 1 6 13 15 15 18 18 8 Returned merchandise to Minnie Katz in the amount of $1,000, plus GST. Abby's Toy House issued debit memo- randum No. 1 to Minnie Katz. 15 Sold merchandise for cash, $4,000, plus GST. 15 Received payment from Jim Rex, invoice No. 2 (less returned merchandise), less discount, Bill Burton paid invoice No. 1. Sold toy merchandise to Amy Rose on account, $4,000. plus GST. Invoice No. 4, terms 2/10, n/30.
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Date Particulars Debit Credit March 01 2016 Investment in toy store 10000 To Cash 10000 March 01 201... View the full answer
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College Accounting A Practical Approach
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11th Canadian Edition
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