Try another version of this question Sofie's Socks had the following transactions in July. July 2 Purchased merchandise on account at a cost of $40,100; terms 2/10,n/30, FOB destination, freight prepaid. July 12 Sold merchandise on account for $62,000, with terms 2/10, n/30, FOB destination, freight prepaid. July 16 Paid freight cost on the merchandise sold, $2,260. July 18 Sophie's Socks was granted an allowance for the amount of $2,760 on the purchase of July 2 because of damaged merchandise. July 20 Received payment from sale of July 12, less discount. July 21 Paid the amount due on the purchase of July 2. Journalize the transactions. JournalDateDescriptionDebitCreditJuly 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue JournalDateDescriptionDebitCreditJuly 2Purchases40,100July 2 A/P40,100 July 12A/R62,000July 12 Sales Revenue62,000 July 16Freight Expense2,260July 16 Cash2,260 July 18A/P2,760July 18 Purchases Returns & Allowances2,760 July 20Cash60,760July 20Sales Discounts1,240July 20 A/R62,000 July 21A/P37,340July 21 Cash37,340
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Sofie's Socks had the following transactions in July.
Journalize the transactions.
JournalDateDescriptionDebitCreditJuly 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue July 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJuly 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue