ques3

its one question

3 20 Part 1: Consider the following perpetual system merchandising transactions of Belton Company Use a separate account for each recevabile and payable for example, record the sale on June 1in Accounts Receivable-Avery & West June 1 Sold merchandise to Avery & Wiest for $9,150 terms 2/5, 1/15, FOB destination cost of sales $5,500) 2 Purchased 54,5se of serchandise from Angola suppliers; term 2/10, 1/20 F shipping point 4 Purchased merchandise Inventory from Bastille Sales for $10,700; terms 2/15, 1/45, Fossil Sales 5 sold merchands to Gelgar for 520,3005 terms W5, 1/15, FOB destination cost of sales $2.50 6 collected the amount owing from Avery West regarding the Sune i sale 12 Paid Angolac Suppliers for the June 2 purchase 20 Collected the amount outing from Gelger regarding the June 3 sale Sala Bastille Sales for the Sune 4 purchase Prepare General Journal entries to record the above transactions DO 3 015525 View transactions Journal entry worksheet 10 2 Record the sales terms 2/5, 1/15, FOB destination Oy, Lcember 13 Noter Enter delits before credits Seve 3 General June 01 20 Dos 3015453 Record entry Clear enly View general Part 2 Based on the information provided above, calculate the following a. Calculate Net Sales Net Mer 13 Based on the information provided above, calculate the following Help 3 a. Calculate Net sales 20 DOME 0529 b. Calculate Cost of goods sold Cost of good sold c. Calculate Gross profit from sales Grosirom