Try another version of this question Sofie's Socks had the following transactions in August. August 2 Purchased merchandise on account at a cost of $43,000; terms 2/10,n/30, FOB destination, freight prepaid. August 12 Sold merchandise on account for $63,900, with terms 2/10, n/30, FOB destination, freight prepaid. August 16 Paid freight cost on the merchandise sold, $2,060. August 18 Sophie's Socks was granted an allowance for the amount of $2,780 on the purchase of August 2 because of damaged merchandise. August 20 Received payment from sale of August 12, less discount. August 21 Paid the amount due on the purchase of August 2. Journalize the transactions. JournalDateDescriptionDebitCreditAugust 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue JournalDateDescriptionDebitCreditAugust 2Purchases43,000August 2 A/P43,000 August 12A/R63,900August 12 Sales Revenue63,900 August 16Freight Expense2,060August 16 Cash2,060 August 18A/P2,780August 18 Purchases Returns & Allowances2,780 August 20Cash62,622August 20Sales Discounts1,278August 20 A/R63,900 August 21A/P40,220August 21 Cash40,220
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Sofie's Socks had the following transactions in August.
Journalize the transactions.
JournalDateDescriptionDebitCreditAugust 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 2 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 12 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 16 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 18 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 20 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue August 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales RevenueAugust 21 A/PA/RCashFreight ExpenseFreight InPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountsSales Returns & AllowancesSales Revenue