Unformatted text preview: Apr 20 Made sales on account to members $700 terms n/30. The cost of the merchandise sold was $490 Apr 21 Paid Penguin Sportswear in full, less discount Apr 27 Granted an allowance to members for clothing that did not fit properly $40 Apr 30 Received payments on account from members $1000 No. 101 Cash No. 301 B. Kokott, Capital No. 112 Accounts receivable No. 401 Sales No. 120 Merchandise inventory No. 412 Sales Returns and Allowances No. 201 Accounts Payable No. 505 Cost of Goods Sold...
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- Fall '06
- 1981, 1978, Penguin Sportswear, Ellis Co.