Answer:
Date Accounts title and explanations Debit$ Credit$
1-Oct Merchandise inventory 15458
Accounts payable - Sabol imports 15458
3-Oct Merchandise Inventory 9850
Accounts payable- Saxon Co. 9650
Cash account 200
4-Oct Merchandise Inventory 13550
Accounts payable- Schnee Co. 13550
6-Oct Accounts payable -Schnee Co 4350
Merchandise inventory 4350
13-Oct Accounts payable-Saxon Co 9650
Cash account 9457
Merchandise inventory 193
(9650*2%)
14-Oct Accounts payable-Schnee Co 9200
Cash account 9016
Merchandise inventory 184
(9200*2%)
19-Oct Merchandise inventory 27270
Accounts payable - Southmont Co 27270
19-Oct Merchandise inventory 375
Cash account 375
20-Oct Merchandise inventory 21400
Accounts payable -Stevens 21400
30-Oct Accounts payable-Stevens 21400
Cash account 21186
Merchandise inventory 214
(21400*1%)
31-Oct Accounts payable-Sabol imports 15458
Cash account 15458
31-Oct Accounts payable -Southmont Co 27270
Cash account 27270
