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01/05/2018 Purchased 156 crates of vitamins for $64 each on the account. Terms n/30, FOB destination.

01/13/2018 Sold 180 crates of vitamins on account for $100 each. terms 1/10, n/30.FOB destination. (Determine Cost of Goods Sold and record two separate entries)

01/14/2018 Paid for the vitamins purchased on January 5.

01/15/2018 Paid a $40 freight bill related to the January 13 sale.

01/18/2018 Purchased 114 crates of vitamins on account, $75 each. Terms n/eom, FOB destination.

01/20/2018 Sold 150 crates of vitimins for $116 each, on account. Terms 1/10, n/30. FOB shipping point (Determine Cost of Goods Sold and record two separate entries)

01/31/2018 Paid for the Vitamins Purchased on January 18

01/31/2018 Fit Gym estimates that customers will return a total of $200 of vitamins with a cost of $75 related to January sales. (Record two separate entities)

Cash

Accounts receivable

Merchandise inventory

Estimated Returns inventory

Equipment

Accumulated Depreciation

Accounts Payable

Refunds Payable

Salaries Payable

Unearned Revenue

Common Stock

Retained Earnings

Sales revenue

Service revenue

Cost of Goods Sold

Salaries expense

Advertising expense

Delivery expense

6. HOMEWORK 2 3 NEXT 7 Problem 1 : P6- 28A (AVG) Back Fit Gym began January with merchandse nventory of 78 crates of nventory system, accounts for its merchandise average inventory costing method, and estimates r nventory are incuded in the Transactions section below 1) Using the General Journal tab, click Add Transaction to joumalize each transaction. Cick Post Transaction once you complete the entry, then repeat these steps for each transaction. ted ounalize each transarc transactions on the General Ledger. 3) Cick Subnsit Work when complete. odper.esuts of Transactions: 01/05/2018 Purchased 156 crates of vitamins for $64 each on account. Terms n/30, FOB destination 01/13/2018 Sold 180 crates of vitamins on account for $100 each. Terms 1/10, n/30. FOB destination (Determine Cost of Goods Sold and 01/14/2018 Paid for the vitamins purchased on January o separate entries) SavE WORK RESET RESULTS SUBMIT WORK REPORTS Accounts No transactions in Journal ADO TRANSACTION EOIT CHECKED TRANSACTION | DeLETE CHECKED TRANSACTIONS

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