{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

acc chapt5

# acc chapt5 - Chapter 5 Problem 2 July 1 1 1 3 5 8 12 15 15...

This preview shows pages 1–2. Sign up to view the full content.

Chapter 5 Problem 2 1 July 1 A/R \$4,200 Sales revenues \$4,200 Sold merchandise on account 1 Cost of good sold \$2,520 Merchandise inventory \$2,520 Tranfer cost of merchandise sold to Good sold account 3 Merchandise inventory \$7,600 A/P \$7,600 Purchase merchandise on account 5 Freight in \$580 Cash \$580 Paid freight 8 Merchandise inventory \$6,800 Freight in \$400 A/P \$7,200 Purchase merchandise on account and paid freight 12 A/P \$1,200 Merchandise inventory \$1,200 Returned portion of merchandise purchase from Angier company 15 A/R \$2,400 Sales revenues \$2,400 Sold merchandise on account 15 Cost of good sold \$1,200 Merchandise inventory \$1,200 Transfer cost of merchandise sold to good sold account 17 Cash \$2,000 Sales revenues \$2,000 Sold merchandise for cash 17 Cost of good sold \$1,200 Merchandise inventory \$1,200 Transfer cost of merchandise sold to good sold account 18 Sales return and allowances \$400 A/R \$400 Accepted return of merchandise 18 Merchandise inventory \$400 Cost of good sold

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

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 7

acc chapt5 - Chapter 5 Problem 2 July 1 1 1 3 5 8 12 15 15...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online