Enable text based alternatives for graph display and drawing entry

Try another version of this question

Big Box Hardware Company engaged in the following transactions in October.

  • October 1 Sold merchandise on account for $264,700; terms 2/10, n/30, FOB shipping point, freight collect.
  • October 5 $42,600 of the good sold on account on October 1 were returned for a full credit. Payment of the goods had not yet been received.
  • October 6 Purchased merchandise on account in the amount of $126,500; credit terms are 2/10, N/30.
  • October 9 A sales allowance was granted for merchandise sold October 1 for $5,710 which was damaged in shipment.
  • October 10 Returned merchandise from October 6 purchase totaling $36,200.
  • October 11 Payment was received for the net amount due from the sale of October 1.
  • October 12 Paid amount owed from October 6 purchase less return and discount.

Journalize the transactions.

Journal
DateDescriptionDebitCredit
October 1
October 1
October 5
October 5
October 6
October 6
October 9
October 9
October 10
October 10
October 11
October 11
October 11
October 12
October 12
October 12

 


X
MathQuill
   x  x    n  |   | (   ) π DNE
   x    (   ) π DNE
( ) ( ] [ ) [ ] —∞ DNE
< > or All Real Numbers DNE
log logn ln n  | | e 
sin cos tan arcsin arccos arctan  
[more..]