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mash [69]
3 years ago
9

Record the following transactions for Red Wood Trails in a general journal.

Business
1 answer:
Serggg [28]3 years ago
3 0

Answer:

Date         Account, title and description                 debit              credit

June 3      Merchandise inventory                           3,985

                Accounts payable                                                           3,985

                Merchandise purchased on account

                from JVC Co.

June 9      Merchandise inventory                           2,300

                Accounts payable                                                           2,300

                Merchandise purchased on account

                from Prime Target, terms 2/10, n/30

June 12    Store supplies                                          675

                Accounts payable                                                           675

                Merchandise purchased on account

                from Craft Shop

June 13    Accounts payable                                    3,985

                Cash                                                                                3,985

                Paid for June 3 purchase of

                merchandise from JVC Co.

June 19    Accounts payable                                    2,300

                Cash                                                                                2,254

                Purchase discounts                                                        46

                Paid for June 9 purchase of

                merchandise from Prime Target and

                obtained a 2% discount

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