team - Debit Apr. 4 6 8 10 11 13 Purchases Accts...

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Debit Credit Apr. 4 Purchases 740 Cash Accts Payable-Denton 740 Accounts Receivable 6 Freight In 60 Merchandise Inventory Cash 60 8 Accts Receivable 900 Sales 900 10 Accts Payable-Denton 40 Accounts Payable Purchase Returns 40 Common Stock 11 Purchase 300 Cash 300 Sales 13 Accts Payable-Denton 700 Sales Returns Cash 679 Purchase Purchase Discount 21 Purchase Returns 14 Purchases 600 Purchase Discounts Accts Payable-Venus 600 Freight In 15 Cash 50 Totals Purchase Returns 50 17 Freight In 30 Cash 30 18 Accts Receivable 1,000 Sales 1,000 Cash 20 Cash 500 2,500 Accts Receivable 500 50 21 Accts Payable-Venus 600 500 Purchase Discount 12 500 Cash 588 27 Sales Returns 30 Accts Receivable 30 1,893 30 Cash 500 Accts Receivable 500 6,050 6,050 Accts Rec 900 1,000 870 Sales Common Stock
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Adj. Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit 1,893 1,893 Sales 870 870 Sales Returns 1,700 1,700 Net Sales Beginning Inventory Purchases Purchase Returns 4,200 4,200 Purchase Discounts Freight-In 1,900 1,900 Ending Inventory 30 30 Cost of Goods Sold 1,640 1,640
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This note was uploaded on 12/06/2010 for the course ACC 281 taught by Professor Feleciawhitley during the Spring '10 term at University of Phoenix.

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team - Debit Apr. 4 6 8 10 11 13 Purchases Accts...

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