I Require all the jounal entries of this question sir and 2nd part also done...
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I Require all the jounal entries of this question sir and 2nd part also done it 45 minutes sir
3 Part 1: Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable: for example, record the sale on June 1 in Accounts Receivable --Avery & Wiest June 1 Sold merchandise to Avery Wiest for $9,000; terms 3/5, 1/15, FOB destination (cost of sales 6,150) 2 Purchased $4,400 of merchandise from Angolac Suppliers; terms 2/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $10,400; teres 2/15, n/45, FOB Bastille Sales 5 Sold merchandise to Gelar for $10,000; terus 3/5, 1/15, FOB destination (cost of sales $7,200) 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the June 4 purchase. Prepare General Journal entries to record the above transactions. View transaction list Journal entry worksheet 8 10 9 > Record the cost of sales. Note: Enter debits before credits. Credit Debit Date General Journal June 05 3 of 3
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