the following selected transactions were completed during August between summit company and beartooth co ...
50.1K
Verified Solution
Link Copied!
Question
Accounting
the following selected transactions were completed during August between summit company and beartooth co
Needing the answers for homework chapter 6 cengae with right chart of accounts
Print em and purchase related transactions for seller and buyer wsieg peneetual inventory snstem a selected transactions were completed duting August betwoen Summit Company and Beartooth CHARI OfF ACCOUNTS Summit Company sold merchandise on account to Beartooth Co, 94s,000, terms FOB detination, 2/15, neom. The cost of the merchandse sold was $26.soo. I Geneal Ledger 2 Summit Company paid freight of $1,150 for delivery of merchandise sold to HI VE NIRE Beartooth Co on August 1. 410 Sden 110 Cash 121 Accours Recelvable S Summit Company sold merchandise on account to Beartooth Co., $66,000, terms FOB shipping point, n/eom. The cest of the merchandise sold was $40,000. 9 Beartooth Co. paid freight of $2,300 on August 5 purchase from Summit Company 15 Summit Company sold merchandise on account to Beartooth Co, $58,700, terms 530 Cost of Merchandse FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,675, which was added to the invoice. The cost of the merchandise sold was $35,000 130 Merchandne Invenry 131 Estmated Retun Sold to search Print em and purchase related transactions for seller and buyer wsieg peneetual inventory snstem a selected transactions were completed duting August betwoen Summit Company and Beartooth CHARI OfF ACCOUNTS Summit Company sold merchandise on account to Beartooth Co, 94s,000, terms FOB detination, 2/15, neom. The cost of the merchandse sold was $26.soo. I Geneal Ledger 2 Summit Company paid freight of $1,150 for delivery of merchandise sold to HI VE NIRE Beartooth Co on August 1. 410 Sden 110 Cash 121 Accours Recelvable S Summit Company sold merchandise on account to Beartooth Co., $66,000, terms FOB shipping point, n/eom. The cest of the merchandise sold was $40,000. 9 Beartooth Co. paid freight of $2,300 on August 5 purchase from Summit Company 15 Summit Company sold merchandise on account to Beartooth Co, $58,700, terms 530 Cost of Merchandse FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,675, which was added to the invoice. The cost of the merchandise sold was $35,000 130 Merchandne Invenry 131 Estmated Retun Sold to search
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: Zin AI - Your personal assistant for all your inquiries!