11 paid robert co amount due 14 purchased shirts and

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11 Purchased cricket shoes from Niki Sports for cash $1260. 11 Paid Robert & Co. amount due. 14 Purchased shirts and shorts from Cash’s Sportswear $1050, FOB shipping point, terms 2/7, n/60. 15 Received cash refund of $105 from Niki Sports for damaged inventory that was returned. 17 Paid freight on Cash’s Sportswear purchase $63. 18 Sold inventory $1680, terms n/30. 20 Received $1050 in cash from customers in settlement of their accounts. 20 Paid Cash’s Sportswear amount due. 27 Granted credit of $63 for clothing that did not fit. 30 Sold inventory to customers $1890, terms n/30. 30 Customers paid amounts owing on accounts, $1050. The chart of accounts for Kids Sportstore Ltd includes Cash, Accounts Receivable, Inventory, Accounts Payable, Share Capital, Sales, Sales Returns and Allowances, Purchases, Purchase Returns and Allowances, Discount Received, and Freight-in. Required a. Journalise the October transactions using a periodic inventory system. b. Using T accounts, enter the beginning balances in the ledger accounts and post the October transactions.

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