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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.
- Spring '11
- Financial Accounting