70.2K

Verified Solution

Link Copied!

please solve all days

Score: 0 of 2 pts 3 of 5 (2 complete) HW Score: 32.08%, 3.21 of 10 pts P5-34A (similar to) Question Help h the Journalize the following transactions that occurred in September 2018 for Orange Glove, assuming the perpetual inven vendor or customer name. Orange Glove estimates sales returns at the end of each month. (Record debits first, then c (Click the icon to view the transactions.) A More Info Sep. 3: Purchased merchandise inventory on account from Silton Wholesalers, $3,500. Terms 3/15, n'EOM, FOB shipp Date Accounts Debit Credit Sep. 3 7 Sep. 3 Sep. 4 Sep. 4 Sep. Sep. 8 Sep. 9 Sep. 10 Sep. 12 Sep 13 Accounts PayableSilton Wholesalers Accounts Payable-Tarin Wholesalers Accounts Receivable-Hermosa Company Accounts Receivable Julian Company Accounts Receivable-Sclavone Cash Cost of Goods Sold Delivery Expense Estimated Returns Inventory Freight in Merchandise Inventory Purchase Discounts Purchase Relumns and Allowances Purchases Refunds Payable Sales Revenue Purchased merchandise inventory on account from Silton Wholesalers, S3,500. Terms 3/15, n'EOM, FOB shipping point Pald freight bill of $45 on September 3 purchase. Purchase merchandise inventory for cash of $1,800. Returned $500 of inventory from September 3 purchase. Sold merchandise inventory to Hermosa Company, $5,400, on account. Terms 2/15, 1/35. Cost of goods, $2,322. Purchased merchandise inventory on account from Tarin Wholesalers, $10,000. Terms 1/10, n/30, FOB destination. Made payment to Silton Wholesalers for goods purchased on September 3, less retum and discount Received payment from Hermosa Company, less discount, After negotiations, received a $300 allowance from Tarin Wholesalers. Sold merchandise inventory to Julian Company, $2,900, on account. Terms n'EOM. Cost of goods. $1,189, Made payment, loss allowance, to Tarin Wholesalers for goods purchased on September 9. Julian Company returned 5600 of the merchandise sold on September 15. Cost of goods, S246. Sold merchandise inventory to Sclavone for $1,400 on account that cost $504. Terms of 2/10,n/30 was offered, FOB shipping point. As a courtesy to Sciavone, S65 of freight was added to the invoice for which cash was paid by Orange Glove. Received payment from Sciavone, less discount. Received payment from Julian Company, less return. Sep. 15 Sep. 22 Sep. 23 Sep. 25 Sep. 29 Sep. 30 Choose from any list or enter any number in the input fields and then click Check Answer. ? Print 18 Parts Done remaining

Answer & Explanation Solved by verified expert

See Answer