CAN AN ACCOUNTING TUTOR WHO KNOWS ABOUT ACCOUNTING HELP ME WITH THE JOURNAL PLEASE.
|Mar.||2||Sold merchandise on account to Equinox Co., $20,800, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,530.|
|3||Sold merchandise for $12,500 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $6,410.|
|4||Sold merchandise on account to Empire Co., $60,260, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,300.|
|5||Sold merchandise for $28,100 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,420.|
|12||Received check for amount due from Equinox Co. for sale on March 2.|
|14||Sold merchandise to customers who used American Express cards, $14,500. The cost of merchandise sold was $8,180.|
|16||Sold merchandise on account to Targhee Co., $26,500, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $14,770.|
|18||Issued credit memo for $4,300 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,650.|
Record on page 11 of the journal
|Mar.||19||Sold merchandise on account to Vista Co., $8,850, terms FOB shipping point, 2/10, n/30. The cost of merchandise sold was $4,600. The company immediately paid $70 in freight charges and added this to the invoice sent.|
|26||Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.|
|28||Received check for amount due from Vista Co. for sale of March 19.|
|31||Received check for amount due from Empire Co. for sale of March 4.|
|31||Paid Fleetwood Delivery Service $5,760 for merchandise delivered during March to customers under shipping terms of FOB destination.|
|Apr.||3||Paid City Bank $870 for service fees for handling MasterCard and American Express sales during March.|
Paid $6,146 to state sales tax division for taxes owed on sales.
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