Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year. July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300. 8 Paid freight charge on merchandise purchased, $230. 12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500. 15 Received a credit memo from Wheeler Warehouse for merchandise, $670. 22 Issued à credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550. Required: 1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CRELT REF. July 5 3 July 8 3 4 4 5 July 12 5 6 7. July 15 8 Julv 22 6.
Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year. July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300. 8 Paid freight charge on merchandise purchased, $230. 12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500. 15 Received a credit memo from Wheeler Warehouse for merchandise, $670. 22 Issued à credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550. Required: 1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CRELT REF. July 5 3 July 8 3 4 4 5 July 12 5 6 7. July 15 8 Julv 22 6.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The question in the images. Thank you for your help!
![Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 July 5
3 July 8
4
4
July 12
6.
7
July 12
8.
8.
9.
July 15
10
10
11
11 July 22
12
12
13
13 July 22
14
14
6.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9f627a3-ef06-4726-8aa4-917b04d7871b%2Fea9f932d-6fb8-4f59-b143-89d25f1a7c47%2F07moeji_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 July 5
3 July 8
4
4
July 12
6.
7
July 12
8.
8.
9.
July 15
10
10
11
11 July 22
12
12
13
13 July 22
14
14
6.
![Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year.
July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300.
8 Paid freight charge on merchandise purchased, $230.
12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost
$2,500.
15 Received a credit memo from Wheeler Warehouse for merchandise, $670.
22 Issued à credit memo to Big Time Spoiler for merchandise returned, $820. The cost
of the merchandise is $550.
Required:
1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CRELIT
REF.
1 July 5
1
2
3 July 8
3
4.
4
5 July 12
6.
6.
7 July 15
7
8.
8
Julv 22
9.
100
III](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9f627a3-ef06-4726-8aa4-917b04d7871b%2Fea9f932d-6fb8-4f59-b143-89d25f1a7c47%2Fdv7728h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year.
July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300.
8 Paid freight charge on merchandise purchased, $230.
12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost
$2,500.
15 Received a credit memo from Wheeler Warehouse for merchandise, $670.
22 Issued à credit memo to Big Time Spoiler for merchandise returned, $820. The cost
of the merchandise is $550.
Required:
1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CRELIT
REF.
1 July 5
1
2
3 July 8
3
4.
4
5 July 12
6.
6.
7 July 15
7
8.
8
Julv 22
9.
100
III
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