Answers
Date | Particulars | Debit (in $) | Credit (in $) |
Aug 1 | Merchandise Inventory | 7500 | |
Accounts Payable- Aron | 7500 | ||
Aug 5 | Accounts Receivble- Baird | 5200 | |
Sales | 5200 | ||
Cost of goods sold | 1200 | ||
Merchandise inventory | 1200 | ||
Aug 8 | Merchandise Inventory | 5400 | |
Accounts Payable- Waters | 5400 | ||
Aug 9 | Delivery Expense | 125 | |
Cash | 125 | ||
Aug 10 | Sales return | 600 | |
Accounts receivable-Baird | 600 | ||
Merchandise Inventory | 400 | ||
Cost of goods sold | 400 | ||
Aug 12 | Accounts Payable-Water | 400 | |
Purchase Discount | 400 | ||
Aug 14 | Accounts Payable-Aron | 200 | |
Cash | 200 | ||
Aug 15 | Cash | 4600 | |
Account Receivable-Baird | 4600 | ||
Aug 18 | Account Payable- Water | 5400 | |
Purchase discount | 50 | ||
Cash | 4950 | ||
Aug 19 | Accounts Receivable-Tux | 4800 | |
Sales | 4800 | ||
Cost of goods sold | 2400 | ||
Merchandise Inventory | 2400 | ||
Aug 22 | Sales Discount | 500 | |
Accounts Receivable- Tux | 500 | ||
Aug 29 | Cash | 4300 | |
Accounts Receivable- Tux | 4300 | ||
Aug 30 | Accounts Payable- Aron | 7300 | |
Cash | 7300 |
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