Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can someone explain number 12 to me. its the only

Can someone explain number 12 to me. Its the only one im stuck on ...

60.1K

Verified Solution

Question

Accounting

imageCan someone explain number 12 to me. Its the only one im stuck on

-F:5-24 Journalizing purchase and sales transactions Journalize the following transactions for Soul Art Gift Shop. Explanations are not required. Feb. 3 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Still Waters Herbs. 7 Returned $900 of defective merchandise purchased on February 3. 9 Paid freight bill of $400 on February 3 purchase. 10 Sold merchandise inventory on account for $4,700 to Trybe Yoga Studio. Payment terms were 2/15,n/30. These goods cost the company $2,350. 12 Paid amount owed on credit purchase of February 3 , less the return and the discount. 28 Received cash from Trybe Yoga Studio in full settlement of their debt

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are two important factors that relate to evaluating behavior of the (cognitive behavior paradigm)? What...

Psychology
Q

1- How do you evaluate the power factor of the transformers when lightly loaded? And why? 2-...

Electrical Engineering
Q

Which of these statements is true O Single haploid n sets of chromosomes in ovum...

Biology
Q

analogous to a phone call to be established befor sending any data O Connection oriented...

Biology
Q

In a 30-60-90 triangle how do we go from the longer leg to the shorter...

Basic Math
Q

on 5 T S FACILILIVIIJ IUDICALIVNIJ TUIN of 10 Step 2 of 2 der the...

Calculus
Q

Jay, a partner with Burr & Co., CPA's, is not independent with respect to the...

Accounting
Q

Calcule el costo despus de impuestos de una emisin de deuda de $25 millones que...

Accounting
Q

cekmekoy company uses the periodic inventory system. cekmekoy sold goods on account with a price...

Accounting
Q

Magic Cleaning, Inc. showed the following account balances before the closing process: Retained earnings $...

Accounting
Q

The 2014 income statement for the East Division of Procter Wells Company is as follows:...

Accounting
Q

help me 7. On January 1,2020 , Donovan Company issued...

Accounting