E F G H I J A B C D Transactions for the month of...
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E F G H I J A B C D Transactions for the month of November: 29 $1,500 $225 S500 $3,300 1-Apr Purchased $15,000 worth of inventory, 2/10 net 30. FOB shipping point. 2-Apr the correct company pays the shippers in cash for transaction on 1st. 3-Apr Returned $500 worth of inventory to the supplier. 6-Apr made sale to customer A for $3300, 2/10 net 30 7-Apr Paid the outstanding balance to the supplier for purchases made 8-Apr Cash sale made to customer B for $3500, 9-Apr customer B returned items from the previous day sale worth $50 12-Apr Purchased $9,000 worth of inventory, 2/10 net 30. FOB destination 13-Apr the correct company pays the shippers in cash for transaction on 12th. 14-Apr made sale to customer C for $5000, 2/10 net 30. | 23-Apr paid supplier to settle account for purchase on 12th of April. 38 $350 $50 $9,000 $200 $5,000 40 43 a) Journalize the above transactions 44 b) Calculate the cost of Goods Sold given that: 45 Opening Inventory was $35 000 Ending Inventory was $44 000 47 c) Calculate the Gross Profit for the month of April
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