Water Refilling Station

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Problem #12
Journal Merchandising

Date| Accounts Title & Explanations| Debit| Credit| April 3| Purchase| 75,000| |
| Accounts Payable| | 75,000|
| Purchased lounge chairs terms 1/10, n30| | |
| | | |
7| Accounts Receivable| 19,200| |
| Sales| | 19,200|
| Sold chairs terms 2/10, n/30| | |
| | | |
8| Purchase| 24,000| |
| Accounts Payable| | 24,000|
| Purchased patio umbrella terms 1/10, n/30| | | | | | |
9| Accounts Payable| 7,500| |
| Purchase Return & Allowance| | 7,500|
| Return 5 defected lounge chairs.| | |
| | | |
10| Freight In| 860| |
| Cash| | 860|
| Paid trucking firm on April 3| | |
| | | |
13| Accounts Payable| 67,500| |
| Purchased Discount| | 1,350|
| Cash| | 66,150|
| Paid purchased on April 3| | |
| | | |
17| Cash| 18816| |
| Sales Discount| 384| |
| Accounts Receivable| | 19,200|
| Received payment for the chairs on April 7| | | | | | |
20| Accounts Payable| 24,000| |
| Purchased Discount| | 240|
| Cash| | 23,760|
| Paid for the tables purchased on April 8| | |

Problem#13

Journal Merchandising

Date| Accounts Title & Explanations| Debit| Credit| Oct. 7| Sales| 30,000| |
| Accounts Receivable| | 30,000|
| Sold merchandise terms n/30| | |
| | | |
8| Purchase| 60,000| |
| Accounts Payable| | 60,000|
| Purchased merchandise terms n/30| | |
| | | |
9| Freight In| 2,540| |
| Cash| | 2,450|
| Paid for shipping charges on Oct. 8| | |
| | | |
10| Purchase| 90,000| |
| Accounts Payable| | 90,000|
| Purchased merchandise n/30| | |
| | | |
13| Purchase| 24,000| |
| Accounts Payable| | 24,000|
| Purchased office supplies terms n/30| | |
| | | |
14| Accounts Receivable| 24,000| |
| Sales| | 24,000|
| Sold merchandise terms n/30| | |
| | | |
14| Accounts Payable| 6,000| |
| Purchases Returns & Allowance| | 6,000|
| Return damaged merchandised on Oct. 8| | |
| | | |
17| Cash| 30,000| |
| Accounts Receivable| | 30,000|
| Received check payment from Lacson Co. on Oct. 7| | | | | | |
18| Accounts Payable| 4,000| |
| Purchase Return & Allowance| | 4,000|
| Returned a portion of the office supplies on Oct. 13| | | | | | |
19| Cash| 18,000| |
| Sales| | 18,000|
| Sold Merchandise| | |

Date| Accounts Title & Explanations| Debit| Credit| April 20| Accounts Payable| 90,000| |
| Cash| | 90,000|
| Paid Ortez Co. for purchases| | |
| | | |
21| Accounts Payable| 54,000| |
| Cash| | 54,000|
| Paid Orcajada Co. the balance from the transaction on Oct. 8 &14.| | | | | | |
24| Sales Return & Allowance| 2,000| |
| Sales| | 2,000|
| Accepted from Pabelico Co. a return of merchandise| | |

Problem#14

Journal Merchandising

Date| Accounts Title & Explanations| Debit| Credit| August 1, 2007| Accounts Receivable| 21,000| |
| Sales| | 21,000|
| Sold merchandise to Villegas Trading terms n/30| | | | | | |
3| Purchase| 38,000| |
| Accounts Payable| | 38,000|
| Purchased merchandise on Seco Store terms n/30| | | | | | |
5| Freight In| 290| |
| Cash| | 290|
| Paid Banner Freight for freight charges on merchandise| | | | | | |
6| Purchase| 6,630| |
| Accounts Payable| | 6,630|
| Purchased store...
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