Exercise chapter 5 & 6 Re-post

Exercise chapter 5 & 6 Re-post - 1 Running Head: CH....

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1 Running Head: CH. 5-6 TEXTBOOK EXERCISES Ch. 5-6 Textbook Exercises Ricardo E. Mendoza University of Phoenix Debbie Luna ACC 281 Financial Accounting Transactions September 28, 2010
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2 Ch. 5 Textbook Exercises E5-3 Date Description Debit Credit 6-Sep Calculators $1,600 Cash $1,600 9-Sep Merchandise Inventory $80 Cash $80 10-Sep Accounts Payable $42 Merchandise Inventory $42 12-Sep Cash $806 Sales $806 Cost of goods sold $546 Merchandise Inventory $546 14-Sep Sales Returns and Allowances $31 Accounts Receivables $31 20-Sep Account Receivables $930 Sales $930 Cost of goods sold $630 Merchandise Inventory $630 E5-16 Date Description Debit Credit 5-Apr Purchases $20,000 Accounts Payable $20,000 6-Apr Freight-in $900 Cash $900 7-Apr Equipment $26,000 Accounts Payable $26,000 8-Apr Accounts Payable $2,800 Purchase Returns and Allowances $2,800 15 April Accounts Payable $17,200 Purchase Discounts $344 Cash $16,856 4-May Accounts Payable $17,200
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3 Cash $17,200 E6-7 a. FIFO LIFO AVERAGE COST OF GOODS SOLD
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This note was uploaded on 11/01/2010 for the course ACC 281 281 taught by Professor Hong during the Fall '10 term at University of Phoenix.

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Exercise chapter 5 & 6 Re-post - 1 Running Head: CH....

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