The following selected transactions were completed during August between Sellars Company and Beyer Co.:
Aug |
1 |
Sellars Company sold merchandise on account to Beyer Co., $17,850, terms FOB |
destination, 2/15, n/eom. The cost of the merchandise sold was $10,700. |
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2 |
Sellars Company paid transportation costs of $140 for delivery of merchandise |
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sold to Beyer Co. on August 1. |
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5 |
Sellars Company sold merchandise on account to Beyer Co., $27,550, terms FOB |
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shipping point, n/eom. The cost of the merchandise sold was $16,500. |
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6 |
Beyer Co. returned $1,800 of merchandise purchased on account on August 1 |
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from Sellars Company. The cost of the merchandise returned was $1,050. |
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9 |
Beyer Co. paid transportation charges of $165 on August 5 purchase from Sellars Company. |
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15 |
Sellars Company sold merchandise on account to Beyer Co., $32,000, terms FOB |
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shipping point, 1/10, n/30. Sellars Company paid transportation costs of |
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$1,243, which were added to the invoice. The cost of the merchandise sold was $19,200.00 |
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16 |
Beyer Co. paid Sellars Company for purchase of August 1, less discount and |
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less return of August 6. |
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25 |
Beyer Co. paid Sellars Company on account for purchase of August 15, less discount. |
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31 |
Beyer Co. paid Sellars Company on account for purchase of August 5. |
Instructions
Journalize the August transactions for (1) Sellars Company and (2) Beyer Co.