- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 1 (43.8 KiB) Viewed 30 times
- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 2 (52.22 KiB) Viewed 30 times
- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 3 (38.53 KiB) Viewed 30 times
- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 4 (44.68 KiB) Viewed 30 times
- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 5 (46.14 KiB) Viewed 30 times
- Journalize The Following Transactions Blaise Inc Sold Merchandise On Account To Boomer Inc 12 000 Terms Mar 6 Fob 6 (64.7 KiB) Viewed 30 times
Journalize the following transactions: Blaise Inc. sold merchandise on account to Boomer Inc., $12,000, terms Mar 6 FOB destination, 2/10 n/30. The cost of the merchandise sold was $3,000. Mar 6 Blaise Inc. paid $335 in freight charges. Mar 14 Mar 16 Blaise Inc. issued Boomer Inc. a credit memo for merchandise returned, $1,000. The cost of the merchandise returned was $250. Mar 6 Blaise Inc. received payment from Boomer Inc. for purchase of March 6th. Journalize the entries for Blaise Company (seller) first below (Format: use Chart of Accounts for names, be careful of spelling!! DO NOT bother to include company names; debits and credits should be whole numbers, WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS) Date Account Names Debit Credit
Mar 6 Mar 6 Date Account Names Debit Credit 49
Mar 14 Mar 16 Journalize the entries for Boomer Inc. next, below (Format: use Chart of Accounts for names, be careful of spelling!! DO NOT bother to include company names; debits and credits should be whole numbers, WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS) D
Mar 14 Mar 16 Journalize the entries for Boomer Inc. next, below (Format: use Chart of Accounts for names, be careful of spelling!! DO NOT bother to include company names; debits and credits should be whole numbers, WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS)
110 120 Accounts Receivable 125 Notes Receivable 130 Prepaid Insurance 135 Prepaid Rent 140 Inventory 150 Supplies 160 Equipment 165 Machinery 168 Truck 170 Allowance for Doubtful Accounts 175 Accumulated Depreciation 176 Estimated Returns Inventory 55 Machinery 58 Truck 70 Allowance for Doubtful Accounts 75 Accumulated Depreciation 76 Estimated Returns Inventory 410 Accounts Payable 220 Notes Payable 225 Interest Payable 230 Uncarned Fees 240 Wages Payable 245 Salaries Payable 250 Customer Refunds Payable Steckholder's Equity: 310 Common Stock 315 Preferred Stock 320 Retained Earnings 330 Cash Dividends 335 Stock Dividends 340 Paid In Capital in Excess of Par 410 Fees Earned 415 Sales 420 Rent Revenue 425 Interest Revenue 430 Gain on Sale 431 Loss on Sale 435 Cash Short/Over 505 Cost of Goods Sold 510 Rent Expense 520 Wages Expense 525 Interest Expense 430 Inciranes Fynence 310 Common Stock 315 Preferred Stock 320 Retained Earnings 330 Cash Dividends 335 Stock Dividends 340 Paid In Capital in Excess of Par 410 Fees Earned 415 Sales 420 Rent Revenue 425 Interest Revenue 430 Gain on Sale 431 Loss on Sale 435 Cash Short/Over 505 Cost of Goods Sold 510 Rent Expense 520 Wages Expense 525 Interest Expense 530 Insurance Expense 540 Depreciation Expense 550 Supplies Expense 560 Utilities Expense 570 Bad Debt Expense 580 Delivery Expense 590 Miscellaneous Expense