BillBook_Transparency_Perpetual

BillBook_Transparency_Perpetual - 85,000 To record the...

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Billiris Booksellers General Journal Date Account Titles Debit Credit 2006 Oct. 4 Merchandise Inventory 18,400 Accounts Payable 18,400 Credit terms of 2/10/net 30, FOB shipping point. 5Freight In 100 Cash 100 Paid 20 Mule Team Transit, shipper. 7Accounts Payable 2,600 Merchandise Invertory 2,600 Return from purchase of Oct. 4. 10Accounts Payable 15,800 Merchandise Inventory 316 Cash 15,484 Paid for purchase of Oct. 4 11Merchandise Inventory 85,000 Accounts Payable 85,000 To record the purchase of the Big Green Book. Credit terms of 2/10/net 30, FOB destination. No entry for transportation. 14Accounts Payable 85,000 Merchandise Inventory
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Unformatted text preview: 85,000 To record the return of The Big Green Book. Billiris Booksellers Date Account Titles Debit Credit 2006 Oct.16 Merchandise Inventory 32,000 Accounts Payable 32,000 To record the purchase of goods with a list price of $40,000 and a trade discount of 20%. Credit terms of 2/10/net 30, FOB shipping point 17Freight In 150 Cash 150 Paid 20 Mule Team Transit, shipper. 18Accounts Payable 2,000 Merchandise Inventory 2,000 Return from the purchase of Oct. 16. 24Accounts Payable 30,000 Merchandise Inventory 600 Cash 29,400 Paid for purchase of Oct. 16....
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This note was uploaded on 02/22/2011 for the course ACCT 2021 taught by Professor Leonard during the Spring '11 term at St. Petersburg College.

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BillBook_Transparency_Perpetual - 85,000 To record the...

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