Question

Dec. 3		Carla Vista Company sold merchandise to Thomas Co. for $31,000, terms 2/10, n/30, FOB destination. This merchandise cost Carla Vista Company $18,600.
4		The correct company paid freight charges of $610.
8		Carla Vista Company sold merchandise to Frito Warehouse Store for $12,300, terms 2/10, n/30, FOB shipping point. The merchandise cost Carla Vista Company $6,888.
9		The correct company paid freight charges of $150.
13		Carla Vista Company received the balance due from Thomas Co.
29		Carla Vista Company received the balance due from Frito Warehouse Store.

Prepare the journal entries to record these transactions on the books of Carla Vista Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	(To record sales on account.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record Cash payment for freight costs	enter a debit amount	enter a credit amount
	enter an account title to record Cash payment for freight costs	enter a debit amount	enter a credit amount
	(Cash payment for freight costs.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	(To record sales on account.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Dec. 13	enter an account title to record Collection on account on December 13	enter a debit amount	enter a credit amount
	enter an account title to record Collection on account on December 13	enter a debit amount	enter a credit amount
	enter an account title to record Collection on account on December 13	enter a debit amount	enter a credit amount
	(Collection on account.)
choose a transaction date                                                                      Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29	enter an account title to record Collection on account	enter a debit amount	enter a credit amount
	enter an account title to record Collection on account	enter a debit amount	enter a credit amount
	(Collection on account.)

List of Accounts

  

  

Assuming that Carla Vista Company had a balance in Merchandise Inventory on December 1 of $35,800, determine the balance in the Merchandise Inventory account at the end of December for Carla Vista Company. (Post entries in the order of journal entries presented in the previous part.)

Merchandise Inventory
choose a transaction date                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a debit amount	choose a transaction date                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a credit amount
choose a transaction date                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a debit amount	choose a transaction date                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a credit amount
choose the end date of the accounting period                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a debit balance	choose the end date of the accounting period                                                                      Dec. 1Dec. 3Dec. 4Dec. 8Dec. 9Dec. 13Dec. 29Dec. 31	enter a credit balance

List of Accounts

Answer 1

Date	Account Titles	Debit	Credit
Dec-03	Accounts Receivable-Thomas Co.	$          31,000
	Sales Revenue		$           31,000
Dec-03	Cost of Goods Sold	$          18,600
	Inventory		$           18,600
Dec-04	Delivery Expense	$               610
	Cash		$                610
Dec-08	Accounts Receivable-Frito Warehouse	$          12,300
	Sales Revenue		$           12,300
Dec-08	Cost of Goods Sold	$            6,888
	Inventory		$             6,888
Dec-09	No entry
Dec-13	Cash	$          30,380
	Sales Discount	$               620
	Accounts Receivable-Thomas Co.		$           31,000
Dec-29	Cash	$          12,300
	Accounts Receivable-Frito Warehouse		$           12,300

Inventory
Dec-01	$          35,800
		$         18,600	Dec-03
		$           6,888	Dec-08
Dec-31	$          10,312