The following were selected from among the transactions completed by Theisen Company during December of the current year:
Dec. |
3 |
Purchased merchandise on account from Shipley Co., list price $24,000, trade |
discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid transportation |
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costs of $615 added to the invoice. |
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5 |
Purchased merchandise on account from Kirch Co., $10,250, terms FOB destination, |
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2/10, n/30. |
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6 |
Sold merchandise on account to Murdock Co., list price $18,000, trade discount |
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35%, terms 2/10, n/30. The cost of the merchandise sold was $8,250. |
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7 |
Returned $1,800 of merchandise purchased on December 5 from Kirch Co. |
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13 |
Paid Shipley Co. on account for purchase of December 3, less discount. |
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15 |
Paid Kirch Co. on account for purchase of December 5, less return of December |
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7 and discount. |
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16 |
Received cash on account from sale of December 6 to Murdock Co., less discount. |
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19 |
Sold merchandise on MasterCard, $39,500. The cost of the merchandise sold |
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was $23,700. |
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22 |
Sold merchandise on account to Milk River Co., $11,300, terms 2/10, n/30. The |
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cost of the merchandise sold was $6,700. |
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23 |
Sold merchandise for cash, $17,680. The cost of the merchandise sold was $9,100.00 |
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28 |
Received merchandise returned by Milk River Co. from sale on December 22, |
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$2,000. The cost of the returned merchandise was $1,100. |
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31 |
Paid MasterCard service fee of $1,050. |
Instructions
Journalize the transactions.