【会计原理高手帮帮忙..都是英文看不懂SansomiteCo.distributessuitcasestoretailstoresandextendscredittermsof1/10,n/30toallofitscustomers.AttheendofJune,Sansomite'sinventoryconsistedofsuit-casescosting$1.2】
会计原理高手帮帮忙..都是英文看不懂
SansomiteCo.distributessuitcasestoretailstoresandextendscredittermsof1/10,n/30toallofitscustomers.AttheendofJune,Sansomite'sinventoryconsistedofsuit-casescosting$1.200DuringthemonthofJulythefollowingmerchandisingtransactionsoccurred.
July1:Purchasedsuitcasesonaccountfor$1.800fromTrunkManufacturers,FOBdestina-tion,terms2/10,n/30.Theappropriatepartyalsomadeacashpaymentof$100forfreightonthisdate.
3:SoldsuitcasesonaccounttoSatchelWorldfor$2.000Thecostofsuitcasesis$1.200
9:PaidTrunkManufacturersinfull.
12:ReceivedpaymentinfullfromSatchelWorld.
17:SoldsuitcasesonaccounttoTheGoingConcernfor$1.500Thecostofthesuitcasessoldwas$900.
18:Purchasedsuitcasesonaccountfor$1.700fromKingmanManufacturers,FOBship-pingpoint,terms1/10,n/30.Theappropriatepartyalsomadeacashpaymentof$100forfreightonthisdate.
20:Received$300credit(includingfreight)forsuitcasesreturnedtoKingmanManufacturers.
21:ReceivedpaymentinfullfromTheGoingConcern.
22:SolesuitcasesonaccounttoFly-By-Nightfor$2.250Thecostofsuitcasessoldwas$1.350
30:PaidKingmanManufacturersinfull.
31:GrantedFly-By-Night$200creditforsuitcasesreturnedcosting$120
Sansomite'schartofaccountsincludesthefollowing:No.101cash,No.112AccountsReceivable,No.120MerchandiseInventory,No.201AccountsPayable,No.401Sales,No.412SalesReturnsandAllowances,No.414SalesDiscounts,No.505CostofGoodsSold.
Instructions
JournalizethetransactionsforthemonthofJulyforSansomiteusingaperpetualinventorysystem.
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