Oct. 1 Purchased $3,200 of hair spray from Orbit...

60.1K

Verified Solution

Question

Accounting

image

Oct. 1 Purchased $3,200 of hair spray from Orbit Pro; terns 3/10, n/30, foe shipping point. The approprlate party paid the shipping cost of $290 5 Sold shanpoo costing $1,050 to Barber 8Co. for a price of $1,500 with terns of 2/10, n/39, Foe shipping point. The oppropiriate party paid the shipping cost of $125. 7 Pleturned $1,400 of inventory to Orbit Pro due to an error in the October 1 order.. 18 Paid Orbit Pro for the purchase on October 1 . 14 Barber 8 Co. returned $280 of inventory fron the sale on October 5 . The inventory had a cost of $196. 22 Received the payment fron Barber 8 Co, on the October 5 sale. 23 Purchased $3,800 of hair conditioner fron Keratin Hair; terns 2/10, n/30, roe shipping point. The appropriate party paid the shipping cost of $750. 25 Sold hair gel to Styling Roon for an invoice price of $1,990, terns 2/10,n/30, Fo8 destination. The hair gel had a cost of $1,330. The appropriate party paid the shipping cost of $375. 26. Paid for the purchase on October 23. 31 Received the payment fron 5 tyling Roon on the October 25 sale. Required: Record the journal entries for the month of October. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry descriptions are provided already in the journal entry worksheet.)

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