Answer:
Journal Entries are as below
Directive or Autocratic Decision Making:
Managers who embed such style assess few alternatives and consider limited information while taking any decision. They are intuitive and impulsive, do not find it important to consult with others or seek information in any form and use their cognitive process and idea while taking decisions.
BLINK COMPANY
JOURNAL
PERPETUAL INVETORY SYSTEM [AMOUNT IN $]
DATE PARTICULARS INVOICE DATE DR. CR.
Jul-01 PURCHASE A/C Jul-01 6,000
1/15,N/30 PAYABLE A/C {BODEN CO.} 6,000
Jul-02 A/C RECIEVABLE {CREEK CO.} Jul-02 900
SALES 900
2/10,N/60
COST OF GOODS SOLD 500
INVENTORY 500
Jul-03 CARRIAGE INWARDS A/C Jul-01 125
CASH A/C 125
Jul-08 CASH A/C 1,700
SALES A/C 1,700
COST OF GOODS SOLD 1,300
INVENTORY 1,300
Jul-09 PURCHASE A/C Jul-09 2,200
PAYABLE A/C {LEIGHT CO.} 2,200
2/15,N/60
Jul-11 PAYABLE A/C {LEIGHT CO.} Jul-09 200
INVENTORY 200
Jul-12 BANK A/C Jul-02 882
DISCOUNT ALLOWED 18
A/C RECIEVABLE {CREEK CO.} 900
Jul-16 PAYABLE A/C {BODEN CO.} Jul-01 6,000
BANK A/C 5,940
DISCOUNT RECEIVED 60
Jul-19 A/C REVIEVABLE {ART CO.} 1,200
SALES 1,200
2/15,N/60
COST OF GOODS SOLD 800
INVENTORY 800
Jul-21 SALES RETURN A/C Jul-19 200
A/C RECIEVABLE {ART CO.} 200
INVENTORY 134
COST OF GOOD SOLD 134
Jul-24 PAYABLE A/C {LEIGHT CO.} 2,000
BANK A/C 1,960
DISCOUNT RICEIVED 40
Jul-30 BANK A/C Jul-19 980
DISCOUNT ALLOWED 20
A/C RECIEVABLE {ART CO.} 1,000
Jul-31 A/C RECIEVABLE {CREEK CO.} Jul-31 7,000
SALES 7,000
2/16,N/60
COST OF GOODS SOLD 4,800
INVENTORY 4,800
