hw4 - 5-9aGENERAL JOURNALGENERAL ledgerCashmerchandise

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Unformatted text preview: 5-9aGENERAL JOURNALGENERAL ledgerCashmerchandise inventoryDateDescriptionDebitCreditapr. 12,500apr 1. 350020077805 1800Apr.5 Merchandise inventory1,800 14155212730account payable1,800 21 693 bal.60303011007 freight-in80 Bal. 1275cash80 account recieveableaccount payableApr 10.910Apr 5.18009 Account payable200 20 8409200purchashes returns and allowances200 276012 73030110014160010 account receivable910 Bal. 5901730sales910 21700bal.12 merchandise inventory730 freight-inpurchases return and allowanceaccount payable730 Apr. 780###200Bal. 80173014 account payable1,600 Bal. 230purchases discounts48 cash155217 account payable30 purchases returns and allowance30 salespurchases discount20 account receievable840 Apr. 10910 apr. 1448sales840 20 84021 7Bal. 1750 bal.5521 account payable700 purchases discount7 cash723common stocksales return and allowance27 sales return and allowance60 May. 16,000 apr. 260account receivable60 Bal. 6,000 bal.6030 cash1,100 account receivable1,100 Fairway pro shopFairway pro shop D. Income statementC. Trail balancefor the period ended apr 30, 2007Apr 30 2007Revenue DebitCreditSales$1750Cash1,275Less :sales return and allowance60account recievables590Net Sales1690Merchandise inventory6,030purchases return and allowance230 Cost of goBeginning inventory3500purchases discount55add purchases2530accounts payableless : Ending inventory46551375common stock6,000 Gross profit315sales1,750sales return and allowance60freight in808,0357,950Given Data P04-01CITY PLACE RECREATION CENTERDateTransactionsSept.1 Issued Check 1169 to pay September rent.$1,400 5 Performed services for cash.2,500 6 Performed services on credit.2,175 10 Paid for monthly telephone bill, issued Check 1170.150 11 Paid for equipment repairs with Check 1171.11 Paid for equipment repairs with Check 1171....
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hw4 - 5-9aGENERAL JOURNALGENERAL ledgerCashmerchandise

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