Week 2 Team Exercises - PartA Date AccountTitle 4Apr...

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Part A General Journal Date Account Title  REF 4-Apr Merchandise Inventory 120 Accounts Payable 201 6 Merchandise Inventory 120 Cash 101 8 Accounts Receivable 112 Sales 401 Cost of Goods Sold 505 Merchandise Inventory 120 10 Accounts Payable 201 Merchandise Inventory 120 11 Merchandise Inventory 120 Cash 101 13 Accounts Payable ($840-$40) 201 Merchandise Inventory ($800 x 2%) 120 Cash 101 14 Merchandise Inventory 120 Accounts Payable 201 15 Cash 101 Merchandise Inventory 120 17 Merchandise Inventory 120 Cash 101 18 Accounts Receivable 112 Sales 401 Cost of Goods Sold 505 Merchandise Inventory 120 20 Cash 101 Accounts Payable 112 21 Accounts Payable 201 Merchandise Inventory ($900 x 3%) 120 Cash 101 27 Sales Returns and Allowances 412 Accounts Receivable 112 30 Cash 101 Accounts Receivable 112 Part B Cash Date Ref Debit Credit 1-Apr 6 J1 40 11 J1 420
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13 J1 784 15 J1 50 17 J1 30 20 J1 500 21 J1 873 30 J1 660 Accounts Receivable Date REF Debit Credit 8-Apr J1 1150 18 J1 810 20 J1 500 27 J1 30 30 J1 660 Merchandise Inventory Date REF Debit Credit 1 4 J1 840 6 J1 40 8 J1 790 10 J1
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