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Fast2F Fast2F
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7 years ago
Joe owns an auto parts store called Joe's Auto Care. The following transactions took place during September of the current year.

September 9   Purchased merchandise on account from Wheeler Auto for $6,000.
September 10   Paid freight charges of $300 on merchandise purchased on the 9th.
September 13   Sold merchandise on account to Lancaster Auto Sales for $5,500.
   The cost of the merchandise was $3,500.
September 15   Received a credit memo from Wheeler for merchandise returned, $900
September 25   Issued a credit memo to Lancaster Auto Sales for merchandise returned, $1,000.
   The cost of the merchandise is $550.

Journalize the above transactions using the periodic inventory system.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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Fast2F Author
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6 years ago
I wish I would have known about this service with my other classes.
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Happy to help Slight Smile
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