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record the following transaction in general journal entry format showing distinctly the debit and credit accounts as recorded in manual entry accounting.Please use Perpetual Inventory methodJuly 1) Yo
record the following transaction in general journal entry format showing distinctly the debit and credit accounts as recorded in manual entry accounting.Please use Perpetual Inventory methodJuly 1) Yo
record the following transaction in general journal entry format showing distinctly the debit and credit accounts as recorded in manual entry accounting.Please use Perpetual Inventory method
July 1) Your Name Drug store Purchased Medical Supplies intended for sale for 1000$ from vendor x ,terms of sale 2/10.n/30 fob destination the freight charges is 50$
july 3 ) Your Name Drug store Purchased Medical Supplies intended for sale for 3000 $ from vendor y.terms of sale 1/10.n/30.fob destination point.the freight charges is 150
July 4) Your Name Drug store returned 200$ worth of merchandise purchased from vendor y.
july 5) Your Name Drug store Purchased Medical Supplies for use for 2000$ from vendor z ,terms of sale 2/15,n/30.fob destination .freight charges is 100$
july 7 ) Your Name Drug store sold merchandise to customer a for 8000$,terms 2/10 n/30 ,the cost of the inventory is 3200$.
july 9) Your Name Drug store paid the amount owed to vendor x on the purchased of july 1.
july 12)Your Name Drug storesold merchandise to customer b for 6000$terms 1/10,n/30,the cost of inventory is 2400$.
july 13)Your Name Drug store paid the amount owed to vendor y on purchased of july 3.
july 15) Your Name Drug store collected cash from customer a from the sale of july 7.
july 17) customer b returned 300$ worth of defective merchandise to Your Name Drug store,the cost is 120$.
july 21) Your Name Drug store paid the amount owed to vendor z.
july 22) received cash from customer b on the sale of july 12.
july 30) purchased medical supplies for use,1000$ paying cash.terms,fob destination.freight charges is 50$
1) Please use Perpetual Inventory method. July 1 Your Name Drug Store purchased medical supplies intended for sale for $1,000.00 from Vendor X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges = $50.00. The journal entry is a debit to ___________ ( Gl Account name ) ?
2) Please use Perpetual Inventory method. July 1 Your Name Drug Store purchased medical supplies intended for sale for $1,000.00 from Vendor X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges = $50.00. The journal entry is a credit to ___________ ( Gl Account name ) ?
3) Please use Perpetual Inventory method. July 1 Your Name Drug Store purchased medical supplies intended for sale for $1,000.00 from Vendor X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges = $50.00. The debit amount is ___________?
4) Please use Perpetual Inventory method. July 3 Your Name Drug Store purchased medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale: 1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The entry is a debit to _____________ (GL Account Name) ?
5) Please use Perpetual Inventory method. July 3 Your Name Drug Store purchased medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale: 1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The entry is a credit to _____________ (GL Account name) ?
6) Please use Perpetual Inventory method. July 3 Your Name Drug Store purchased medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale: 1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The debit amount is _____________ .?
7) Please use Perpetual Inventory method. July 4 Your Name Drug Store returned $200.00 worth of merchandise purchased from Vendor Y. The debit is to ____________ (GL Account Name) ?
8) Please use Perpetual Inventory method. July 4 Your Name Drug Store returned $200.00 worth of merchandise purchased from Vendor Y. The credit is to ____________ (GL Account Name) ?
9) Please use Perpetual Inventory method. July 4 Your Name Drug Store returned $200.00 worth of merchandise purchased from Vendor Y. The debit amount is ____________ .?
10) Please use Perpetual Inventory method. July 5 Your Name Drug Store purchased medical supplies for use for $2,000.00 from Vendor Z. Terms of sale, 2/15, n/20, FOB Destination. Freight Charges = $100.00. The debit is to _____________ (GL Account Name) ?
11) Please use Perpetual Inventory method. July 5 Your Name Drug Store purchased medical supplies for use for $2,000.00 from Vendor Z. Terms of sale, 2/15, n/20, FOB Destination. Freight Charges = $100.00. The credit is to _____________ (GL Account Name) ?
12) Please use Perpetual Inventory method. July 5 Your Name Drug Store purchased medical supplies for use for $2,000.00 from Vendor Z. Terms of sale, 2/15, n/20, FOB Destination. Freight Charges = $100.00. The debit amount is _____________ .?
13) Please use Perpetual Inventory method. On July 7 Your Name Drug Store sold merchandise to Customer A for $8,000.00. Terms: 2/10, n/30. The cost of the inventory is $3,200.00. The $8,000.00 debit is to _______________ (GL Account Name) ?
14) Please use Perpetual Inventory method. On July 7 Your Name Drug Store sold merchandise to Customer A for $8,000.00. Terms: 2/10, n/30. The cost of the inventory is $3,200.00.The $8,000.00 credit is to _______________ (GL Account Name) ?
15) Please use Perpetual Inventory method. On July 7 Your Name Drug Store sold merchandise to Customer A for $8,000.00. Terms: 2/10, n/30. The cost of the inventory is $3,200.00. The $3,200.00 debit is to _______________ (GL Account Name) ?
16) Please use Perpetual Inventory method. On July 7 Your Name Drug Store sold merchandise to Customer A for $8,000.00. Terms: 2/10, n/30. The cost of the inventory is $3,200.00. The $3,200.00 credit is to _______________ (GL Account Name) ?
17) Please use Perpetual Inventory method. On July 9 Your Name Drug Store paid the amount owed to Vendor X on the purchased of July 1. The debit is to ______________ (GL Account Name) ?
18) Please use Perpetual Inventory method. July 9 Your Name Drug Store paid the amount owed to Vendor X on the purchased of July 1. The debit amount is ______________ .?
19) Please use Perpetual Inventory method. July 9 Your Name Drug Store paid the amount owed to Vendor X on the purchased of July 1. The amount of Cash paid is _____________ (amount).?
20) Please use Perpetual Inventory method. On July 12 Your Name Drug Store sold merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $6,000.00 debit is to ____________ (GL Account Name) ?
21) Please use Perpetual Inventory method. On July 12 Your Name Drug Store sold merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $6,000.00 credit is to ____________ (GL Account Name) ?
22) Please use Perpetual Inventory method. On July 12 Your Name Drug Store sold merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $2,400.00 debit is to ____________ (GL Account Name) ?
23) Please use Perpetual Inventory method. On July 12 Your Name Drug Store sold merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $2,400.00 credit is to ____________ (GL Account Name) ?
24)Please use Perpetual Inventory method. On July 13 Your Name Drug Store paid the amount owed to Vendor Y on the purchased of July 3. The debit is to ____________ (GL Account Name) ?
25) Please use Perpetual Inventory method. July 13 Your Name Drug Store paid the amount owed to Vendor Y on the purchased of July 3. The debit amount is to ____________ .?
26)Please use Perpetual Inventory method. July 13 Your Name Drug Store paid the amount owed to Vendor Y on the purchased of July 3. The amount of Cash paid is ______________.?
27) Please use Perpetual Inventory method. July 13 Your Name Drug Store paid the amount owed to Vendor Y on the purchased of July 3. The discount is a credit to ______________ (GL Account Name) ?
28)Please use Perpetual Inventory method. On July 15 Your Name Drug Store collected cash from Customer A from the sale of July 7. The amount of Cash collected is ______________.?
29) Please use Perpetual Inventory method. On July 15 Your Name Drug Store collected cash from Customer A from the sale of July 7. The amount of discount is ______________.?
30) Please use Perpetual Inventory method. On July 15 Your Name Drug Store collected cash from Customer A from the sale of July 7. The credit is to ______________ (GL Account Name) ?
31) Please use Perpetual Inventory method. On July 15 Your Name Drug Store collected cash from Customer A from the sale of July 7. The credit amount is ______________.?
32) Please use Perpetual Inventory method. On July 17 Customer B returned $300.00 worth of defective merchandise to Your Name Drug Store. The cost is120.00. The $300.00 debit is to __________ (GL Account Name) ?
33) Please use Perpetual Inventory method. On July 17 Customer B returned $300.00 worth of defective merchandise to Your Name Drug Store. The cost is120.00.The $300.00 credit is to __________ (GL Account Name) ?
34) Please use Perpetual Inventory method. On July 17 Customer B returned $300.00 worth of defective merchandise to Your Name Drug Store. The cost is120.00.The $120.00 debit is to __________?
35) Please use Perpetual Inventory method. On July 17 Customer B returned $300.00 worth of defective merchandise to Your Name Drug Store. The cost is120.00.The $120.00 credit is to __________ (GL Account Name) ?
36) Please use Perpetual Inventory method.On July 21 Your Name Drug Store paid the amount owed to Vendor Z. The debit is to _________________ (GL Account Name)?
37) Please use Perpetual Inventory method. On July 22 Received cash from Customer B on the sale of July 12. The amount of Cash received is ____________ .?
38) Please use Perpetual Inventory method. On July 22 Received cash from Customer B on the sale of July 12. The credit is to ____________ (GL Account Name)?
39) Please use Perpetual Inventory method. On July 22 Received cash from Customer B on the sale of July 12. The discount amount is ____________?
40)Please use Perpetual Inventory method. On July 22 Received cash from Customer B on the sale of July 12. The credit is to ____________ (GL Account Name)?
41) Please use Perpetual Inventory method. On July 30 Purchased medical supplies for use, $1,000.00 paying cash. Terms: FOB Destination, Freight Charges = 50.00. The debit is to ______________ (GL Account Name) ?
42) Please use Perpetual Inventory method. On July 30 Purchased medical supplies for use, $1,000.00 paying cash. Terms: FOB Destination, Freight Charges = 50.00. The debit amount is ______________?
43)Please use Perpetual Inventory method. On July 30 Purchased medical supplies for use, $1,000.00 paying cash. Terms: FOB Destination, Freight Charges = 50.00. The credit is to ______________ (GL Account Name) ?