3A-P5-3A,5-9A SOLUTIONS

3A-P5-3A,5-9A SOLUTIONS - PROBLEM 5-3A (a) Date Apr. 5 7 9...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
5-27 PROBLEM 5-3A (a) General Journal Date Account Titles Debit Credit Apr. 5 Merchandise Inventory . ................................. Accounts Payable. .................................. 1,800 1,800 7 Merchandise Inventory . ................................. Cash. ......................................................... 80 80 9 Accounts Payable. .......................................... Merchandise Inventory. .......................... 200 200 10 Accounts Receivable. ..................................... Sales. ........................................................ Cost of Goods Sold . ....................................... Merchandise Inventory. .......................... 910 620 910 620 12 Merchandise Inventory . ................................. Accounts Payable. .................................. 730 730 14 Accounts Payable ($1,800 – $200). ............... Merchandise Inventory ($1,600 X 3%) . . Cash. ......................................................... 1,600 48 1,552 17 Accounts Payable. .......................................... Merchandise Inventory. .......................... 30 30 20 Accounts Receivable. ..................................... ........................................................ Cost of Goods Sold . ....................................... Merchandise Inventory. .......................... 840 550 840 550 21 Accounts Payable ($730 – $30) . .................... Merchandise Inventory ($700 X 1%) . .... Cash. ......................................................... 700 7 693
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5-28 PROBLEM 5-3A (Continued) Date Account Titles Debit Credit Apr. 27 Sales Returns and Allowances. .................... Accounts Receivable . ............................ 60 60 30 Cash. ................................................................ Accounts Receivable . ............................ 1,100 1,100 (b) Cash 4/1 Bal. 2,500 4/30 1,100 4/7 80 4/14 1,552 4/21 693 4/30 Bal. Accounts Receivable 4/10 910 4/20 840 4/27 60 4/30 1,100 Merchandise Inventory 4/1 Bal. 3,500 4/5 1,800 4/7 80 4/12 730 4/9 200 4/10 620 4/14 48 4/17 30 4/20 550 4/21 7 4/30 Bal.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/05/2009 for the course ECON 3A taught by Professor Loster during the Fall '07 term at UCSB.

Page1 / 8

3A-P5-3A,5-9A SOLUTIONS - PROBLEM 5-3A (a) Date Apr. 5 7 9...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online