Wild- Financial and Managerial Accounting​ -homework

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Business Finance

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Course NAME ( Course:Wild- Financial and Managerial Accounting)

online homework ( Chapter 4 Homework ) - (ACCOUNTING FOR MERCHANDISING OPERATIONS)

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1. Answers:

2. Answers
Date
Apr 02

Apr 03

Apr 04

Apr 17

Apr 21

Apr 28

General Journal
Merchandise Inventory
Accounts payable

Credit ($)
3100

Merchandise Inventory
Cash

310

Accounts payable
Merchandise Inventory

800

Accounts payable
Sales Discount
Cash

2300

Accounts payable
Merchandise Inventory

400

Accounts payable
Cash
Merchandise Inventory

4998

Debit($)
3100

310

800

46
2254

400

5100
102

3. Answer:
Date
May 03

May 05

May 05

May 07

May 07

May 08

May 15

General Journal
Merchandise Inventory
Cash

Credit ($)
30,000

Accounts receivable
Sales

21,000

Cost of goods sold
Merchandise Inventory

15,000

Sales returns and allowances
Accounts receivable

2100

Merchandise Inventory
Cost of goods sold

1500

Sales r...


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