Acct 281 Team p5-7 - Part A Date 2008 Apr. 4 General...

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Part A General Journal J1 Date Account Titles and Explanation Debit Credit 2008 Apr. 4 Purchases 740 Accounts Payable 740 (to record merchandise purchased from Denton Co. Term 3/10, n/30) Apr. 6 Freight-in 60 Cash 60 (to record freight on goods purchased) Apr. 8 Accounts Receivable 900 Sales 900 (to record sales to member n/30) Apr. 10 Accounts Payable 40 Purchase Returns and Allowances 40
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(to record return of damaged good purchased from Denton Co.) Apr. 11 Purchases 300 Cash 300 (to record purchases from Newbee Sports) Apr. 13 Accounts Payable 700 Purchase Discounts (700*3%) 21 Cash 679 (to record payment within discount period) Apr. 14 Purchases 600 Accounts Payable 600 (to record merchandise purchased from Venus's Sportwear term 2/10, n/60) Apr. 15 Cash 50 Purchase Returns and Allowances 50 (to record return of damaged goods purchased from Newbee Sports) Apr. 17 Freight-in 30 Cash 30 (to record freight on goods purchased) Apr. 18 Accounts Receivable 1000 Sales 1000 (to record sales to member n/30)
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Acct 281 Team p5-7 - Part A Date 2008 Apr. 4 General...

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