ACC HW5-2 - 21 Accounts Payable 600 Cash 594 Merchandise...

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Maya Jordan Bill Kokott Hw 5 Journal Entries 11-Oct Month Ending April 30th 5 Merchandise Inventory 1800 Accounts Payable 2/10, n/60 1800 7 Merchandise Inventory 80 Cash 80 (payment of freight on Ellis purchase) 9 Accounts Payable 100 Merchandise Inventory 100 (received credit for merchandise returned) 10 Accounts Receivable 1200 Sales 1200 12 Merchandise Inventory 660 Accounts Payable 1/10, n/30 660 14 Accounts Payable 1700 Cash 1666 Merchandise Inventory 34 17 Sales Returns and Allowances 60 Accounts Receivable 60 Merchandise Inventory Cost of Good Sold (to record cost of goods returned) 20 Accounts Receivable 700 Sales 700
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Unformatted text preview: 21 Accounts Payable 600 Cash 594 Merchandise Inventory 6 27 Sales Returns and Allowances 40 Accounts Receivable 40 Merchandise Inventory Cost of Goods Sold (to record cost of goods returned) 30 Cash 1000 Accounts Receivable 1000 (record purchase of merchandise from Ellis Co. ) (record a sales to memebers ) (record purchase of merchandise from Penguin Sportswear ) (payment to Ellis. Co less discount) (record credit to Penguin Sportswear for return) (record sales to members ) cms = 490 (record credit to memebers for returned merchandise)...
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This note was uploaded on 04/17/2008 for the course ACC 201 taught by Professor Staff during the Fall '06 term at CUNY Lehman.

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