Bowden Company (buyer), engaged in the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2,058 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $42. 10 Purchased merchandise for $1,550 from Song, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Song, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $3,300 from Song, Inc., Invoice 1950; terms 2/10, n/30. Required: Journalize the transactions above in a general journal for Bowden Company. BOWDEN JOURNAL No Date General Journal Debit Credit 1 Jan 08, 2019 2 Jan 10, 2019 3 Jan 15, 2019 4 Jan 19, 2019 5 Jan 30, 2019
Bowden Company (buyer), engaged in the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2,058 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $42. 10 Purchased merchandise for $1,550 from Song, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Song, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $3,300 from Song, Inc., Invoice 1950; terms 2/10, n/30. Required: Journalize the transactions above in a general journal for Bowden Company. BOWDEN JOURNAL No Date General Journal Debit Credit 1 Jan 08, 2019 2 Jan 10, 2019 3 Jan 15, 2019 4 Jan 19, 2019 5 Jan 30, 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Bowden Company (buyer), engaged in the following transactions during January 2019:
Bowden Company
| DATE | TRANSACTIONS | |
| 2019 | ||
| Jan. 8 | Issued Check 2101 for $2,058 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $42. |
|
| 10 | Purchased merchandise for $1,550 from Song, Inc., Invoice 1920; terms 2/10, n/30. |
|
| 15 | Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1920, dated January 10. |
|
| 19 | Paid amount due to Song, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. |
|
| 30 | Purchased merchandise for $3,300 from Song, Inc., Invoice 1950; terms 2/10, n/30. |
|
Required:
- Journalize the transactions above in a general journal for Bowden Company.
BOWDEN JOURNAL
| No | Date | General Journal | Debit | Credit |
|---|---|---|---|---|
| 1 | Jan 08, 2019 | |||
| 2 | Jan 10, 2019 | |||
| 3 | Jan 15, 2019 | |||
| 4 | Jan 19, 2019 | |||
| 5 | Jan 30, 2019 | |||
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