Try another version of this question Big Box Hardware Company engaged in the following transactions in February. February 1 Sold merchandise on account for $293,900; terms 2/10, n/30, FOB shipping point, freight collect. February 5 $44,400 of the good sold on account on February 1 were returned for a full credit. Payment of the goods had not yet been received. February 6 Purchased merchandise on account in the amount of $124,800; credit terms are 2/10, N/30. February 9 A sales allowance was granted for merchandise sold February 1 for $5,690 which was damaged in shipment. February 10 Returned merchandise from February 6 purchase totaling $37,400. February 11 Payment was received for the net amount due from the sale of February 1. February 12 Paid amount owed from February 6 purchase less return and discount. Journalize the transactions. JournalDateDescriptionDebitCreditFebruary 1 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 1 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 5 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 5 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 6 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 6 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 9 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 9 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 10 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 10 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue JournalDateDescriptionDebitCreditFebruary 1A/R293,900.00February 1 Sales Revenue293,900.00 February 5Sales Returns & Allowances44,400.00February 5 A/R44,400.00 February 6Purchases124,800.00February 6 A/P124,800.00 February 9Sales Returns & Allowances5,690.00February 9 A/R5,690.00 February 10A/P37,400.00February 10 Purchases Returns & Allowances37,400.00 February 11Cash238,933.80February 11Sales Discounts4,876.20February 11 A/R243,810.00 February 12A/P87,400.00February 12 Purchases Discounts1,748.00February 12 Cash85,652.00
Try another version of this question
Big Box Hardware Company engaged in the following transactions in February.
Journalize the transactions.
JournalDateDescriptionDebitCreditFebruary 1 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 1 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 5 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 5 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 6 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 6 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 9 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 9 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 10 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 10 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 11 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue February 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueFebruary 12 A/PA/RCashPurchasesPurchases DiscountsPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue