Stylon Co., a women's clothing store, purchased $28,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30 using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.   a. ournalize Stylon’s entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank   b.  Journalize Stylon’s entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.

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Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: a.  Sold merchandise for cash, $22,060. The cost of the merchandise sold was $13,240. (Record the sale first.)     fill in the blank 36fbb5ffffdef81_2 fill in the blank 36fbb5ffffdef81_3     fill in the blank 36fbb5ffffdef81_5 fill in the blank 36fbb5ffffdef81_6     fill in the blank 36fbb5ffffdef81_8 fill in the blank 36fbb5ffffdef81_9     fill in the blank 36fbb5ffffdef81_11 fill in the blank 36fbb5ffffdef81_12 b.  Sold merchandise on account, $13,920. The cost of the merchandise sold was $8,350. (Record the sale first.)     fill in the blank e95153f82fd6002_2 fill in the blank e95153f82fd6002_3     fill in the blank e95153f82fd6002_5 fill in the blank e95153f82fd6002_6     fill in the blank e95153f82fd6002_8 fill in the blank e95153f82fd6002_9     fill in the blank e95153f82fd6002_11 fill in the blank e95153f82fd6002_12…

Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. Apr. Apr. Apr. Apr. 2 Purchased $6,100 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. Paid $280 cash for shipping charges on the April 2 purchase. Returned to Lyon Company unacceptable merchandise that had an invoice price of $650. Apr. 3 4 17 18 Apr. 21 28 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. Purchased $11,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. After negotiations, received from Frist a $600 allowance toward the $11,500 owed on the April 18 purchase. Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

Purchase-related transactionsStylon Co., a women's clothing store, purchased $48,000 of merchandisefrom a supplier on account, terms FOB destination, 2/10, n/30. Stylon returned merchandise with an Invoice amount of $7,500, receiving acredit memo. Journalize Stylon's entries to record (a) the purchase, (b)the merchandise return, (c) the payment within the discount period of10 days, and (d) the payment beyond the discount period of 10 days.

Enter the following transactions in the appropriate journal (purchases journal and cash payment journal) *October 11 Purchased merchandise from Lafferty Company, $500 on account, credit terms 1/15, n/45. Invoice No. 65.  *15 Purchased merchandise from Alsted, Inc., $400 cash. Check No. 751. * 21 Paid amount due Lafferty Company, less discount. Check No. 752.

Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: Question Content Area a.  Sold merchandise for cash, $20,280. The cost of the merchandise sold was $12,170. (Record the sale first.) blank   - Select - - Select -     - Select - - Select - blank   - Select - - Select -     - Select - - Select -   Question Content Area b.  Sold merchandise on account, $8,130. The cost of the merchandise sold was $4,880. (Record the sale first.) blank   - Select - - Select -     - Select - - Select - blank   - Select - - Select -     - Select - - Select -   Question Content Area c.  Sold merchandise to customers who used MasterCard and VISA, $122,860. The cost of the merchandise sold was $73,720. (Record the sale first.) blank   - Select - - Select -     - Select - - Select - blank   - Select - - Select -     - Select - - Select -   Question…

prepare a journal entry to record transaction Buyer buys merchandise for 3,000, credit terms 2/10 n/30. Merchandise cost 1800