Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 6) the following are the transactions for

Question 6) The following are the transactions for Winona Sports for the month of November...

70.2K

Verified Solution

Question

Accounting

image
Question 6) The following are the transactions for Winona Sports for the month of November Nov. 5 Purchased hockey sticks and pucks on account from Hi-Stick Co. $1,600, terms 1/10, 1/60. 7 Paid freight on Hi-Stick Co. purchases $90. 9 Received credit from Hi-Stick Co. for merchandise returned $300. 10 Sold merchandise on account for $1,000, terms n/30. 12 Purchased gloves, socks, and other accessories on account from Twin City Sportswear $945, terms 2/10 n/30. 14 Paid Hi-Stick Co. in full. 17 Received credit from Twin City Sportswear for merchandise returned $95. 20 Made sales on account for $1,330, terms n/30. 21 Paid Twin City Sportswear in full. 27 Granted credit to customers for clothing that did not fit properly $150. 30 Received payments on account for $1,770. Instructions (no color required): Journalize the transactions using a periodic inventory system

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Was the agricultural revolution of the Middle Ages truly a revolution? What types of changes took...

Psychology
Q

Broussard Skateboard's sales are expected to increase by 15% from $8.0 million in 2016 to $9.20...

Finance
Q

Problem 4-1 On January 1, 2011, Perelli Company purchased 90,000 of the 100,000 outstanding shares of...

Accounting
Q

Grouper Corporation is preparing the comparative financial statements for the annual report to its shareholders for...

Accounting
Q

What is the difference in tone or type of sound between the two flutes

Biology
Q

A small square loop of wire of side is placed inside a large square loop...

Physics
Q

Suppose a closed economy generates 2000 output and income in equilibrium Suppose also that the...

Basic Math
Q

Considering the selling price of items from a large estate sale of a wealthy individual...

Statistics
Q

Which of the following is equivalent to 18 25 18 5i 5i

Algebra
Q

*Correction* 2015 $20,000 2016 28,000 2017 200,000...

Accounting
Q

Which of the following is not a general control activity? a. Physical controls over computer...

Accounting
Q

On January 1, the partners of Van, Bakel, and Cox (who share profits and losses...

Accounting