Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual invento

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Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 1 (34.71 KiB) Viewed 26 times

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Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 4 (26.02 KiB) Viewed 26 times

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Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 8 (33.67 KiB) Viewed 26 times

Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 9 (34.37 KiB) Viewed 26 times

Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 10 (34.45 KiB) Viewed 26 times

Prepare Journal Entries To Record The Following Merchandising Transactions Of Cabela S Which Uses The Perpetual Invento 11 (36.08 KiB) Viewed 26 times

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Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. July 2 Sold merchandise to Creek Company for $900 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $500. July 3 Paid $125 cash for freight charges on the purchase of July 1. July 8 Sold merchandise that had cost $1,300 for $1,700 cash. July 9 Purchased merchandise from Leight Company for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. July 11 Returned $200 of merchandise purchased on July 9 from Leight Company and debited its account payable for that amount. July 12 Received the balance due from Creek Company for the invoice dated July 2, net of the discount. July 16 Paid the balance due to Boden Company within the discount period. July 19 Sold merchandise that cost $800 to Art Company for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. July 21 Gave a price reduction (allowance) of $100 to Art Company for merchandise sold on July 19 and credited Art's accounts receivable for that amount. July 24 Paid Leight Company the balance due, net of discount. July 30 Received the balance due from Art Company for the invoice dated July 19, net of discount. July 31 Sold merchandise that cost $4,800 to Creek Company for $7,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31.
Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 17 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. Note: Enter debits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general journal
es Journal entry worksheet < 2 Date July 02 3 4 5 6 7 8 Note: Enter debits before credits. Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. Record entry General Journal Clear entry .. 17 …….... Debit Credit View general journal
ok t inces Journal entry worksheet 1 2 3 Date July 02 Note: Enter debits before credits. 4 Record the cost of merchandise sold, $500. 5 6 7 8 ... 17 General Journal Debit Credit
Journal entry worksheet 1 2 3 < 5 6 7 8 Paid $125 cash for freight charges on the purchase of July 1. Note: Enter debits before credits. Date July 03 General Journal ***** Debit 17 Credit
Journal entry worksheet < 1 2 Date July 08 3 Note: Enter debits before credits. Record sale of merchandise for $1,700 cash. Record entry 4 5 General Journal Clear entry 6 7 8 ..... 17 Debit Credit View general journal
Journal entry worksheet 1 2 3 4 < Record cost of merchandise sold, $1,300. Note: Enter debits before credits. 5 Date July 08 General Journal 7 8 ***** Debit 17 Credit
Journal entry worksheet < 1 2 3 ↓ Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. Note: Enter debits before credits. Date July 09 4 5 6 Record entry General Journal Clear entry ***** Debit 17 Credit View general journal
Journal entry worksheet < 1 2 3 € ]·.·. Returned $200 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount. Note: Enter debits before credits. Date July 11 Record entry 4 5 6 General Journal Clear entry Debit 17 Credit View general journal
< 1 ..... 4 5 6 7 8 Note: Enter debits before credits. Date July 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. Record entry General Journal 9 Clear entry **** 17 Debit Credit View general journal →
Journal entry worksheet < 1 ... 5 6 7 8 9 10 Paid the balance due to Boden Company within the discount period. Note: Enter debits before credits. Date July 16 Record entry General Journal .... Clear entry Debit 17 Credit View general journal N
Journal entry worksheet < 1 ... 6 Note: Enter debits before credits. Sold merchandise to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. Date July 19 7 8 9 10 11 Record entry General Journal Clear entry 17 Debit Credit View general journal
Journal entry worksheet < 1 ... 7 8 9 10 Record cost of merchandise sold, $800. Note: Enter debits before credits. Date July 19 Record entry General Journal Clear entry 11 12 .... Debit 17 Credit >
Journal entry worksheet < 1 ... 8 9 10 11 12 Note: Enter debits before credits. Date July 21 Record entry Gave a price reduction (allowance) of $100 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. General Journal 13 Clear entry .... 17 Debit Credit View general journal
Journal entry worksheet 1 ..... 9 < Note: Enter debits before credits. 10 Date July 24 11 Paid Leight Co. the balance due, net of discount. 12 General Journal 13 14 **** Debit 17 Credit
Journal entry worksheet 1 ..... 10 ***** < Note: Enter debits before credits. 11 Date July 30 12 13 14 15 Received the balance due from Art Co. for the invoice dated July 19, net of discount. General Journal …….. 17 Debit Credit
< 1 ... 10 11 12 13 14 15 Sold merchandise to Creek Co. for $7,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. Note: Enter debits before credits. Date July 31 Record entry General Journal Clear entry Debit 16 17 Credit View general journal
Journal entry worksheet 1 ..... 10 < Record cost of merchandise sold, $4,800. Note: Enter debits before credits. Date July 31 11 12 13 14 15 16 Record entry General Journal Clear entry Debit 17 Credit View general journal