Description
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Course NAME ( Course:Wild- Financial and Managerial Accounting)
online homework ( Chapter 4 Homework ) - (ACCOUNTING FOR MERCHANDISING OPERATIONS)
8 QUISTIONS ( LOOK AT the attachment file)
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Explanation & Answer
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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...