Yancey_Transparency_Perpetual

Yancey_Transparency_Perpetual - Cost of Goods Sold 42,500...

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Yancey Publisher General Journal Date Account Titles Debit Credit 2004 Oct. 4 Accounts Receivable; Billiris 18,400 Sales 18,400 Credit terms of 2/10/net 30, FOB shipping point. 4Cost of Merchandise Sold 9,200 Merchandise Inventory 9,200 7Sales Returns and Allowances 2,600 Accounts Receivable; Billiris 2,600 Return from sale of Oct. 4 7Merchandise Inventory 1,300 Cost of Goods Sold 1,300 Return from sale of Oct. 4. 10Cash 15,484 Sales Discount 316 Accounts Receivable 15,800 11Accounts Receivable; Billiris 85,000 Sales 85,000 To record the sale of the Big Green Book. Credit terms of 2/10/net 30, FOB destination. 11Cost of Goods Sold 42,500 Merchandise Inventory 42,500 To record the sale of the Big Green Book. 12Delivery Expense 300 Cash 300 14Sales Returns and Allowances 85,000 Accounts Receivable; Billiris 85,000 To record the return of The Big Green Book.
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14Merchandise Inventory 42,500
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Unformatted text preview: Cost of Goods Sold 42,500 To record the return of The Big Green Book. Yancey Publishers Date Account Titles Debit Credit 2004 Oct.16 Accounts Receivable; Billiris 32,000 Sales 32,000 To record the sale 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 16Cost of Goods Sold 20,000 Merchandise Inventory 20,000 To record the sale 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 18Sales Returns and Allowances 2,000 Accounts Receivable; Billiris 2,000 Return from the sale of Oct. 16. 18Merchandise Inventory 1,000 Cost of Goods Sold 1,000 Return from the sale of Oct. 16. 24Cash 29,400 Sales Discount 600 Accounts Receivable 30,000 Paid for sale of Oct. 16....
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Yancey_Transparency_Perpetual - Cost of Goods Sold 42,500...

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