Try another version of this question Sofie's Socks had the following transactions in March. March 2 Purchased merchandise on account at a cost of $43,100; terms 2/10,n/30, FOB destination, freight prepaid. March 12 Sold merchandise on account for $62,700, with terms 2/10, n/30, FOB destination, freight prepaid. March 16 Paid freight cost on the merchandise sold, $2,250. March 18 Sophie's Socks was granted an allowance for the amount of $2,840 on the purchase of March 2 because of damaged merchandise. March 20 Received payment from sale of March 12, less discount. March 21 Paid the amount due on the purchase of March 2. Journalize the transactions. JournalDateDescriptionDebitCreditMarch 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue JournalDateDescriptionDebitCreditMarch 2Purchases43,100March 2 A/P43,100 March 12A/R62,700March 12 Sales Revenue62,700 March 16Freight Expense2,250March 16 Cash2,250 March 18A/P2,840March 18 Purchases Returns & Allowances2,840 March 20Cash61,446March 20Sales Discounts1,254March 20 A/R62,700 March 21A/P40,260March 21 Cash40,260
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Sofie's Socks had the following transactions in March.
Journalize the transactions.
JournalDateDescriptionDebitCreditMarch 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue March 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueMarch 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue