Try another version of this question Sofie's Socks had the following transactions in January. January 2 Purchased merchandise on account at a cost of $40,400; terms 2/10,n/30, FOB destination, freight prepaid. January 12 Sold merchandise on account for $61,900, with terms 2/10, n/30, FOB destination, freight prepaid. January 16 Paid freight cost on the merchandise sold, $2,160. January 18 Sophie's Socks was granted an allowance for the amount of $2,920 on the purchase of January 2 because of damaged merchandise. January 20 Received payment from sale of January 12, less discount. January 21 Paid the amount due on the purchase of January 2. Journalize the transactions. JournalDateDescriptionDebitCreditJanuary 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue JournalDateDescriptionDebitCreditJanuary 2Purchases40,400January 2 A/P40,400 January 12A/R61,900January 12 Sales Revenue61,900 January 16Freight Expense2,160January 16 Cash2,160 January 18A/P2,920January 18 Purchases Returns & Allowances2,920 January 20Cash60,662January 20Sales Discounts1,238January 20 A/R61,900 January 21A/P37,480January 21 Cash37,480
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Sofie's Socks had the following transactions in January.
Journalize the transactions.
JournalDateDescriptionDebitCreditJanuary 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue January 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueJanuary 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue