please post all the entrues for the transactions Joumalize the...
90.2K
Verified Solution
Link Copied!
Question
Accounting
please post all the entrues for the transactions
Joumalize the following sales transactions for Antigue World Assuene Ansquo World unes the gross method to record sales revenuat Explanations are not required (Assuime the company uses a perpetual inventory system) 2. (Clek the icon to viere the transactions) (Record debits first, thon credins. Exclude explanations from joumal entrins) Now joumalice the expense related to the January 4 sabe-Cost of goods, 99,600 . Jan 20: Antique World recelved payment thom the customer oo the amountplae from Jan 4 More info Jan. 4 Sold $16,000 of antiques on account, credit terms are 1/15, n/30. Cost of goods is $9,600. Jan. 20 Antique World received payment from the customer en the amount due from Jan. 4 Jan. 20 Sold $5,300 of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods is $3,180 Jan. 20 Antique World paid $60 on freight out. Jan.29 Received payment from the custorner on the amount due from Jan. 20 , less the discount
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!