Question 1 Enter the following invoices in the purchases day book of DEE'S Bakery for the month of September 2021. September 3 D & M Wholesalers Ltd. 300 kg baker's flour at 54 cents per kg. 200 kg Granulated sugar at 62 cents per kg. and 40 kg powdered milk at $1.15 per kg. September 11 D. Williams 2 tins baking powder at $52 per tin and 100 kg icing sugar at $1.08 per Kg September 18 R. Clarke 2 cases guava jam at $74.50 per case and 2 cases pineapple jam at $76.20 Per case. September 20 D. Williams 20 kg yeast at 72 cents per kg. and 20 litres vanilla essence at $14.50 Per litre September 27 P. Rodriquez 50 kg raisins at $2.75 per kg. 50 kg currants at $2.30 per kg. and 50 kg. Mixed peel at $2.10 per kg. Required: Prepare the a) Purchases Journal b) Purchases Ledger c) General ledger

Question 1 Enter the following invoices in the purchases day book of DEE'S Bakery for the month of September 2021. September 3 D & M Wholesalers Ltd. 300 kg baker's flour at 54 cents per kg. 200 kg Granulated sugar at 62 cents per kg. and 40 kg powdered milk at $1.15 per kg. September 11 D. Williams 2 tins baking powder at $52 per tin and 100 kg icing sugar at $1.08 per Kg September 18 R. Clarke 2 cases guava jam at $74.50 per case and 2 cases pineapple jam at $76.20 Per case. September 20 D. Williams 20 kg yeast at 72 cents per kg. and 20 litres vanilla essence at $14.50 Per litre September 27 P. Rodriquez 50 kg raisins at $2.75 per kg. 50 kg currants at $2.30 per kg. and 50 kg. Mixed peel at $2.10 per kg. Required: Prepare the a) Purchases Journal b) Purchases Ledger c) General ledger

Name: Question 1Enter the following invoices in the purchases day book ofDE
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Question 1Enter the following invoices in the purchases day book ofDEE'S Bakery for the month of September 2021.September 3 D & M Wholesalers Ltd. 300 kg baker's flourat 54 cents per kg. 200 kgGranulated sugar at 62 cents per kg. and 40 kgpowdered m

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

i.7
Please help with this solution
The following data are for Jessee's Candy Store for January: question 19 ss attached thanks
EB 14. LO 6.5 Review the following situations and record any necessary journal entries for Wall World. Dec. 6 Wall World purchases $5,510 worth of merchandise on credit from a manufacturer. Shipping charges are an extra $146 cash. Terms of the purchase are 2/15, n/40, FOB Shipping Point, invoice dated December 6. Dec. 10 Wall World sells $3,590 worth of merchandise to a customer, who pays on credit. The merchandise has a cost to Wall World of $1,400. Shipping charges are an extra $115 cash. Terms of the sale are 4/10, n/30, FOB Destination, invoice dated December 10.
Oa column for the date the check was made Barbie Merchandising Company Adjusted Trial Balance For the Period Ended December 31, 2020 Account Title Sales Sales returns and allowances ంజు doaouint Purchases Purchase returns and allow3nces Purchase discount Freight in Selling expense Debit Credit P1.652.000 P35.000 13.000/ 1.120,500 18:C00 36.000 55.000 40,000 P2,322,000 1o ఉ P2,322,000 Beginning and ending balance of Merchandissinvertchyamcuredto P56.500 and P65500 respectively How much is the net profit
make jounnal entry
Haha
Calculate the net payment due if the shipment is received on January 10th and the payment is made on February 1st. Darla's Doll Repair February 12, 2021 Invoice No: 1234 To: Darla's Doll Repair Discount: 18/15/9 TOS: 3/10, n30ROG 567 5th Ave. Parks, WA Quantity: Description: Unit List Price: Line Total: 10 ea Doll head 12.99 12 ea Right arm 7.99 12 ea Left arm 7.99 Total List Price:
Question PERIODIC INVENTORY SYSTEM Mr. Lopez opened a mini grocery store with business name Lopez Fiesta Mart. Operations began on January 1, 2021, and the following transactions were completed during the month: 1.Mr. Lopez withdrew ₱150,000 from a personal savings account and used it to open a new account in the name of Lopez Fiesta Mart. 2.Bought grocery supplies on account ₱10,700. 4.Acquired a service vehicle costing ₱76,000. A payment of ₱25,000 Cash was made and a note payable given for the ₱51,000 remainder payable for 6 equal monthly installment. 6.Purchased merchandise from Puregold ₱49,500, terms 5/10, 3/20. 7.Paid ₱1,600 delivery charge for January 6 transactions. 8.Paid for three months of advertising and recorded Prepaid Advertising in the amount of ₱6,000. 11.Sold merchandise on account ₱42,000 with 40% mark-up from the inventory cost of ₱30,000, term 2/10, n/30. 12.Paid ₱1,200 freight for January 11 transactions. 14.Returned defective merchandise to Puregold amounting…
PERIODIC INVENTORY SYSTEM - STATEMENT OF FINANCIAL PERFROMANCE Mr. Lopez opened a mini grocery store with business name Lopez Fiesta Mart. Operations began on January 1, 2021, and the following transactions were completed during the month: 1.Mr. Lopez withdrew ₱150,000 from a personal savings account and used it to open a new account in the name of Lopez Fiesta Mart. 2.Bought grocery supplies on account ₱10,700. 4.Acquired a service vehicle costing ₱76,000. A payment of ₱25,000 Cash was made and a note payable given for the ₱51,000 remainder payable for 6 equal monthly installment. 6.Purchased merchandise from Puregold ₱49,500, terms 5/10, 3/20. 7.Paid ₱1,600 delivery charge for January 6 transactions. 8.Paid for three months of advertising and recorded Prepaid Advertising in the amount of ₱6,000. 11.Sold merchandise on account ₱42,000 with 40% mark-up from the inventory cost of ₱30,000, term 2/10, n/30. 12.Paid ₱1,200 freight for January 11 transactions. 14.Returned defective…
Dog
Current Attempt in Progress REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 103 snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Sept. 5 Sept. 16 Sept. 29 Explanation Units Inventory Purchases (a1) Purchases Purchases Totals Sale Sale Sale Totals September 11 $ September 5 Units $ 9 49 45 14 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. 103 45 49 25 133 Unit Cost * $102 105 106 107 Total Cost $1,428 4,725 5,194 2,675 Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) $14,022