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  3. 1-jun sold $30 of merchandise to a customer who

1-Jun Sold $30 of merchandise to a customer who used a VISA. Cost...

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Question

Accounting

1-Jun
Sold $30 of merchandise to a customer who used a VISA. Cost of goods sold was $12
3-Jun
Purchased merchandise on account from ABC Company for $12000
Terms 210,n30, FOB shipping point
Billed $180 for shipping which was added to the invoice
4-Jun
Returned $2400 of the merchandise purchased on June 3 from ABC Company
6-Jun
Sold $12000 on account to EFG Company, terms n30,
FOB shipping point The cost of goods sold was $6000 and we paid $300 for shipping which was billed and added to the customer's invoice
7-Jun
EFG company returned $1800 of the merchandise purchased on June 6
The cost of merchandise sold was $1200
8-Jun
Paid misc. administrative expense of $600
9-Jun
Purchased on account $420 of store supplies
10-Jun
Received cash in advance from tenant for 6 months rent of warehouse space, $1800
13-Jun
Paid ABC Company for the purchase made on June 3rd, less the return of June 4th
16-Jun
Purchased store supplies for $120 cash
17-Jun
Received cash from EFG Company for the sale of June 6,
less the return of June 7 th
25-Jun
Paid sales salaries expense of $780
Required journalize the transactions

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