TrishaRosano-Unit7-txtbook exercise

TrishaRosano-Unit7-txtbook exercise - PE 61A $140,775...

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Unformatted text preview: PE 61A $140,775 ($127,500 + $435,600 $422,325) PE 63A a. Accounts Receivable..................................................... 12,250 Sales........................................................................... 12,250 Cost of Merchandise Sold............................................. 7,400 Merchandise Inventory............................................ 7,400 b. Cash................................................................................. 12,005 Sales Discounts............................................................. 245 Accounts Receivable............................................... 12,250 PE 64A a. $5,880. Purchase of $7,500 less the return of $1,500 less the discount of $120 [($7,500 $1,500) 2%)]. b. Merchandise Inventory PE 65A a. $5,350. Purchase of $6,000 less return of $1,000 less the discount of $50 [($6,000 $1,000) 1%] plus $400 of shipping. b. $1,568. Purchase of $2,500 less return of $900 less the discount of $32 [($2,500 $900) 2%]. Prob. 63A Jan. 2 Accounts ReceivableKibler Co. ...................... 10,000 Sales.................................................................Sales....
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TrishaRosano-Unit7-txtbook exercise - PE 61A $140,775...

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