How to write this transaction in General journal? 11/3 Purchased Sundries...
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Accounting
How to write this transaction in General journal?
11/3 Purchased Sundries on account from home Co., $2,000, FOB shipping point, terms 2/10,n/60 11/ 4 Paid freight on Ghome purchase, $50. 11/6 Received credit from home Co. for merchandise returned, $250. 11/11 Sold merchandise on account to club members, $3,100, terms n/30. The merchandise sold had a cost of $620. 11/13 Purchased souvenirs on account from Lost & Found Candle Co., $800, terms 1/10,n/30. 11/15 Paid Ghome Co. in full, less discount. 11/15 Received credit from Lost & Found Candle Co. for merchandise returned, $50. 11/20 Made sales on account to members, $400, terms n/30. The cost of the merchandise sold was $55. 11/25 Paid Lost & Found Candle Co. in full. 11/26 Granted an allowance to members for broken souvenirs, $40. 11/29 Received payments on account from members, $200
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