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View transaction list Journal entry worksheet 1 LLLLLL 2 3 4 5 6 7 8 9 10 > The merchandise sold had a cost of $171,670. Record the entry. Note: Enter debits before credits. General Journal Debit Credit Transaction a(2) Record entry Clear entry View general journal Journal entry worksheet The merchandise returned had a cost of $656. Record the entry. Note: Enter debits before credits. General Journal Debit Credit Transaction b(2) Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 Q 6 7 8 9 10 Sold merchandise to a customer for $22,800 on account with terms n/30. Record the entry. Note: Enter debits before credits. General Journal Debit Credit Transaction c(1) Record entry Clear entry View general journal View transaction list Journal entry worksheet The anticipated merchandise returns have a cost of $228. Record the entry. Note: Enter debits before credits. General Journal Debit Credit Transaction f(2) Record entry Clear entry View general journal 10 56 Dints Required information [The following information applies to the questions displayed below.] Reyes Books, is a student co-op. Reyes Books uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: eBook a. Sold merchandise for cash (cost of merchandise $171,670). $ 313,500 Print b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $656). c. Sold merchandise (costing $10,260) to a customer on account with terms n/30. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $228) after month-end from sales made during the month. 1,690 22,800 11,400 References 1,380 840 3. Prepare journal entries to record transactions (a) to (6). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet B. Prepare journal entries to record transactions (a) to (1). (If no entry is required select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet N Sold merchandise for $313,500 cash. Record the entry. Note: Enter debits before credits. General Journal Debit Credit Transaction a(1) Record entry Clear entry View general journal

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