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Accounting
Essay specific features
Written by:
Mariano B
Date added:
August 22, 2016
Level:
University
Grade:
A
No of pages / words:
12 / 3229
Was viewed:
5741 times
Rating of current essay:
Essay content:
1200 125
To record credit note issued to Nabors Inc for defective merchandise
2 Merchandise Inventory 1230 85
Cost of Goods Sold 5010 85
Returned goods to inventory
2 Cost of Goods Sold 5010 85
Merchandise Inventory 1230 85
To record discarded merchandise
3 Accounts Payable ? Parkay Products 2200 748
Merchandise Inventory 1230 748
To record Credit Memo received
4 Merchandise Inventory 1230 39,125
Store Supplies 1250 611
Office Supplies 1240 105
Accounts Payable ? Thompson Supply Co...
displayed 300 characters
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Purchased Merchandise on Credit, terms N/10, EOM
Backflip Co
GENERAL JOURNAL
Page 2
Date Account Titles and Explanations PR Debits Credits
2005
May
5 Cash 1060 4,508
Sales Discount 4040 92
Accounts Receivable ? Nabors Inc. 1200 4,600
Payment received within discount period ? 2% disc...
displayed 300 characters
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