Question 6) The following are the transactions for Winona Sports for the month of November....
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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 7 Paid freight on Hi-Stick Co. purchases $100 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 $975. Hi-Stick Co. S1.600, terms 2/10, n/60. terms 1/10, n/30. 14 Paid Hi-Stick Co. in full. 17 Received credit from Twin City Sportswear for merchandise returned $75. 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 $200. 30 Received payments on account for $1.500. Instructions (no color required): Journalize the transactions using a periodic inventory system
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