Sept. 2 3 4 6 7 8 9 10 17 20 Purchased equipment on account for $63,100, terms n/30, FOB destination. Freight charges of $910 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,900 cash. Purchased inventory on account from Winterholt Company at a cost of $60,200, terms 1/15, n/30, FOB shipping point. Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $4,900 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $15,700 to Fischer Limited for $18,900 on account, terms n/30, FOB destination. Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due.

Sept. 2 3 4 6 7 8 9 10 17 20 Purchased equipment on account for $63,100, terms n/30, FOB destination. Freight charges of $910 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,900 cash. Purchased inventory on account from Winterholt Company at a cost of $60,200, terms 1/15, n/30, FOB shipping point. Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $4,900 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $15,700 to Fischer Limited for $18,900 on account, terms n/30, FOB destination. Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due.

Name: 9th journal entry? on wiley plus they did it by dr A/R 18900. cr refun
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: 9th journal entry? on wiley plus they did it by dr A/R 18900. cr refund liablity and sales and the 2nd entry for the same date =Cogs debited and estimated inventory returns debjted too inventory on the cr side Sept. 2346789101720Purchased equipment o

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

Do not give answer in image
M IN V F. R | B. H. G. 9- 4. 8. 2$ ) MacBook Pro b. a. Under a perpetual inventory system, record the journal entries required for the above transactions. If an amount box does not require an entry, leave it blank. Travis Company purchased merchandise on account from a supplier for $5,400, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period.
Please do not give solution in image format thanku
Please don't answer in handwritten..thanku
To prepare the statement of cash flows using the indirect method: Group of answer choices A)A decrease in inventory is added to net income. B)A purchase of a machine is subtracted from net income. c)Cash paid for dividends is added to net income. d)A decrease in accounts payable is added to net income. e)None of the above
Please do not give solution in image format thanku
A and b please
Please do not give solution in image format thanku
A2
A2 please help
Please only answer parts a+b