Chapter 4 Excel Worksheets

Chapter 4 Excel Worksheets - MERCHANDISING TRANSACTIONS...

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MERCHANDISING TRANSACTIONS- BUYER Cash Purchase : On November 1,Buyer Co. bought Merchandise from Seller Co. for $1,000 cash Nov 1 Credit Purchase and Payment: On November 1,Buyer Co. bought Merchandise from Seller Co. for $1,000 on account Terms 2/10,n/30 Nov 1 On November 10, Buyer Co. made payment to Seller Co. for purchase of November 1, less discount. Nov 10 Invoice Dis* Pay Credit Purchase, Return and Payment : On November 1,Buyer Co. bought Merchandise from Seller Co. for $1,000 on account Terms 2/10,n/30 On November 5, Merchandise worth $100 was returned by Buyer Co. to Seller Co. (Debit memo sent to Seller Co.) Nov 5 On Nov.10, Buyer Company made payment to Seller Co. for purchase of November 1, less return and discount. Nov 10 Invoice Return Due Disc Due Transportation Costs: F.O.B. Shipping Point Buyer paid shipping costs of $50 for the November 1 Cash Purchase Nov 1
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MERCHANDISING TRANSACTIONS-SELLER Cash Sale: On Nov 1,Seller Co. sold Merchandise to Buyer Co. for $ 1000 cash. The Merchandise
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Chapter 4 Excel Worksheets - MERCHANDISING TRANSACTIONS...

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