In: Accounting
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DATE | TRANSACTIONS | ||
20X1 | |||
Sept. | 2 | Purchased ski boots for $6,100 plus a freight charge of $260 from Colorado Ski Shop, Invoice 6672, terms n/30. | |
3 | Purchased skis for $11,700 from Alaska Supply Company, Invoice 5916; terms 2/10, n/30. | ||
7 | Received Credit Memorandum 165 for $950 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. | ||
11 | Purchased ski jackets for $4,500 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. | ||
12 | Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. | ||
22 | Purchased ski poles for $4,260 plus a freight charge of $145 from Alaska Supply Company, Invoice 5950; terms 3/10, n/30. | ||
23 | Purchased ski pants for $2,750 from Swenson Ski Goods, Invoice 528, terms n/30. | ||
25 | Received Credit Memorandum 245 for $350 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. | ||
27 | Purchased ski sweaters for $3,100 plus a freight charge of $125 from Colorado Ski Shop, Invoice 6722, terms n/30. | ||
30 | Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. |
I have assumed perpetual inventory system
Date | Account Titles | Debit | Credit |
Sep. 2 | Inventory | $ 6,360 | |
Accounts Payable-Colorado | $ 6,360 | ||
Sep. 3 | Inventory | $ 11,700 | |
Accounts Payable-Alaska | $ 11,700 | ||
Sep. 7 | Accounts Payable-Colorado | $ 950 | |
Inventory | $ 950 | ||
Sep. 11 | Inventory | $ 4,500 | |
Accounts Payable-Cold | $ 4,500 | ||
Sep. 12 | Accounts Payable-Alaska | $ 11,700 | |
Inventory | $ 234 | ||
Cash | $ 11,466 | ||
Sep. 22 | Inventory | $ 4,405 | |
Accounts Payable-Alaska | $ 4,405 | ||
Sep. 23 | Inventory | $ 2,750 | |
Accounts Payable-Swenson | $ 2,750 | ||
Sep. 25 | Accounts Payable-Swenson | $ 350 | |
Inventory | $ 350 | ||
Sep. 27 | Inventory | $ 3,225 | |
Accounts Payable-Colorado | $ 3,225 | ||
Sep. 30 | Accounts Payable-Colorado | $ 5,410 | |
Cash | $ 5,410 |