olejlund7838
24.01.2020 •
Business
P4-5 sales and purchase-related transactions for seller and buyer the following selected transactions were completed during june between snipes company and beejoy company:
june 8. snipes company sold merchandise on account to beejoy company, $18,250, terms fob destination, 2/15, n/eom. the cost of the merchandise sold was $10,000.
8. snipes company paid transportation costs of $400 for delivery of merchandise sold to beejoy company on. june 8.
12. beejoy company returned $5,000 of merchandise purchased on account on june 8 from snipes company. the cost of the merchandise returned was $3,000. 23. beejoy company paid snipes company for purchase of june 8, less discount and less return of june 12.
24. snipes company sold merchandise on account to beejoy company, $15,000, terms fob shipping point, n/eom. the cost of the merchandise sold was $9,000. 26. beejoy company paid transportation charges of $375 on june 24 purchase from snipes company.
30. beejoy company paid snipes company on account for purchase of june 24.
how would this l be done if it was put in a framework?
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Ответ:
In the books of Snipes Company following transactions would be made
Date Account Dr Cr
June 8 Beejoy Company $ 18,250
Sales $ 18,250
( 2/15 . n/oem 2 % discount for payment with in fifteen days )
June 8. Freight Charges $ 400
Cash $ 400
June 12 Cash $ 12, 985
Sales returns $ 5000
Discount Allowed $ 265
Beejoy Company $ 18250
To record the cash payment for $ 13250 and discount is 2 % of $ 13 250 is $ 265
June 24. Beejoy Company $15,000
Sales $ 15,000
Sale made on account to Beejoy Company n/oem
June 24 Cash $ 375
Freight Charges $ 375
Payment of freight by Beejoy company
June 30 Cash $ 14700
Discount Allowed $ 300
Beejoy Company $ 15,000
Discount of 2 % on $ 15000 is $ 300
Recording of payment made be Beejoy Company
Ответ:
The answer is seven.