Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year. July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300. 8 Paid freight charge on merchandise purchased, $230. 12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500. 15 Received a credit memo from Wheeler Warehouse for merchandise, $670. 22 Issued a credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550. Required: 1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 July 5 fill in the blank 2ba7dbfa8fd3fbe_2 fill in the blank 2ba7dbfa8fd3fbe_3 1 2 fill in the blank 2ba7dbfa8fd3fbe_5 fill in the blank 2ba7dbfa8fd3fbe_6 2 3 July 8 fill in the blank 2ba7dbfa8fd3fbe_8 fill in the blank 2ba7dbfa8fd3fbe_9 3 4 fill in the blank 2ba7dbfa8fd3fbe_11 fill in the blank 2ba7dbfa8fd3fbe_12 4 5 July 12 fill in the blank 2ba7dbfa8fd3fbe_14 fill in the blank 2ba7dbfa8fd3fbe_15 5 6 fill in the blank 2ba7dbfa8fd3fbe_17 fill in the blank 2ba7dbfa8fd3fbe_18 6 7 July 15 fill in the blank 2ba7dbfa8fd3fbe_20 fill in the blank 2ba7dbfa8fd3fbe_21 7 8 fill in the blank 2ba7dbfa8fd3fbe_23 fill in the blank 2ba7dbfa8fd3fbe_24 8 9 July 22 fill in the blank 2ba7dbfa8fd3fbe_26 fill in the blank 2ba7dbfa8fd3fbe_27 9 10 fill in the blank 2ba7dbfa8fd3fbe_29 fill in the blank 2ba7dbfa8fd3fbe_30 10 2. Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 July 5 fill in the blank 60c1c60a5f92057_2 fill in the blank 60c1c60a5f92057_3 1 2 fill in the blank 60c1c60a5f92057_5 fill in the blank 60c1c60a5f92057_6 2 3 July 8 fill in the blank 60c1c60a5f92057_8 fill in the blank 60c1c60a5f92057_9 3 4 fill in the blank 60c1c60a5f92057_11 fill in the blank 60c1c60a5f92057_12 4 5 July 12 fill in the blank 60c1c60a5f92057_14 fill in the blank 60c1c60a5f92057_15 5 6 fill in the blank 60c1c60a5f92057_17 fill in the blank 60c1c60a5f92057_18 6 7 July 12 fill in the blank 60c1c60a5f92057_20 fill in the blank 60c1c60a5f92057_21 7 8 fill in the blank 60c1c60a5f92057_23 fill in the blank 60c1c60a5f92057_24 8 9 July 15 fill in the blank 60c1c60a5f92057_26 fill in the blank 60c1c60a5f92057_27 9 10 fill in the blank 60c1c60a5f92057_29 fill in the blank 60c1c60a5f92057_30 10 11 July 22 fill in the blank 60c1c60a5f92057_32 fill in the blank 60c1c60a5f92057_33 11 12 fill in the blank 60c1c60a5f92057_35 fill in the blank 60c1c60a5f92057_36 12 13 July 22 fill in the blank 60c1c60a5f92057_38 fill in the blank 60c1c60a5f92057_39 13 14 fill in the blank 60c1c60a5f92057_41 fill in the blank 60c1c60a5f92057_42 14

Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year. July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300. 8 Paid freight charge on merchandise purchased, $230. 12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500. 15 Received a credit memo from Wheeler Warehouse for merchandise, $670. 22 Issued a credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550. Required: 1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 July 5 fill in the blank 2ba7dbfa8fd3fbe_2 fill in the blank 2ba7dbfa8fd3fbe_3 1 2 fill in the blank 2ba7dbfa8fd3fbe_5 fill in the blank 2ba7dbfa8fd3fbe_6 2 3 July 8 fill in the blank 2ba7dbfa8fd3fbe_8 fill in the blank 2ba7dbfa8fd3fbe_9 3 4 fill in the blank 2ba7dbfa8fd3fbe_11 fill in the blank 2ba7dbfa8fd3fbe_12 4 5 July 12 fill in the blank 2ba7dbfa8fd3fbe_14 fill in the blank 2ba7dbfa8fd3fbe_15 5 6 fill in the blank 2ba7dbfa8fd3fbe_17 fill in the blank 2ba7dbfa8fd3fbe_18 6 7 July 15 fill in the blank 2ba7dbfa8fd3fbe_20 fill in the blank 2ba7dbfa8fd3fbe_21 7 8 fill in the blank 2ba7dbfa8fd3fbe_23 fill in the blank 2ba7dbfa8fd3fbe_24 8 9 July 22 fill in the blank 2ba7dbfa8fd3fbe_26 fill in the blank 2ba7dbfa8fd3fbe_27 9 10 fill in the blank 2ba7dbfa8fd3fbe_29 fill in the blank 2ba7dbfa8fd3fbe_30 10 2. Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 July 5 fill in the blank 60c1c60a5f92057_2 fill in the blank 60c1c60a5f92057_3 1 2 fill in the blank 60c1c60a5f92057_5 fill in the blank 60c1c60a5f92057_6 2 3 July 8 fill in the blank 60c1c60a5f92057_8 fill in the blank 60c1c60a5f92057_9 3 4 fill in the blank 60c1c60a5f92057_11 fill in the blank 60c1c60a5f92057_12 4 5 July 12 fill in the blank 60c1c60a5f92057_14 fill in the blank 60c1c60a5f92057_15 5 6 fill in the blank 60c1c60a5f92057_17 fill in the blank 60c1c60a5f92057_18 6 7 July 12 fill in the blank 60c1c60a5f92057_20 fill in the blank 60c1c60a5f92057_21 7 8 fill in the blank 60c1c60a5f92057_23 fill in the blank 60c1c60a5f92057_24 8 9 July 15 fill in the blank 60c1c60a5f92057_26 fill in the blank 60c1c60a5f92057_27 9 10 fill in the blank 60c1c60a5f92057_29 fill in the blank 60c1c60a5f92057_30 10 11 July 22 fill in the blank 60c1c60a5f92057_32 fill in the blank 60c1c60a5f92057_33 11 12 fill in the blank 60c1c60a5f92057_35 fill in the blank 60c1c60a5f92057_36 12 13 July 22 fill in the blank 60c1c60a5f92057_38 fill in the blank 60c1c60a5f92057_39 13 14 fill in the blank 60c1c60a5f92057_41 fill in the blank 60c1c60a5f92057_42 14

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 4PA: The following transactions relate to Hawkins, Inc., an office store wholesaler, during June of this...

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Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year.

July 5	Purchased merchandise on account from Wheeler Warehouse, $4,300.
8	Paid freight charge on merchandise purchased, $230.
12	Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500.
15	Received a credit memo from Wheeler Warehouse for merchandise, $670.
22	Issued a credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550.

Required:

1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank.

Page: 1

	DATE	DEBIT	CREDIT
1	July 5	fill in the blank 2ba7dbfa8fd3fbe_2	fill in the blank 2ba7dbfa8fd3fbe_3	1
2		fill in the blank 2ba7dbfa8fd3fbe_5	fill in the blank 2ba7dbfa8fd3fbe_6	2
3	July 8	fill in the blank 2ba7dbfa8fd3fbe_8	fill in the blank 2ba7dbfa8fd3fbe_9	3
4		fill in the blank 2ba7dbfa8fd3fbe_11	fill in the blank 2ba7dbfa8fd3fbe_12	4
5	July 12	fill in the blank 2ba7dbfa8fd3fbe_14	fill in the blank 2ba7dbfa8fd3fbe_15	5
6		fill in the blank 2ba7dbfa8fd3fbe_17	fill in the blank 2ba7dbfa8fd3fbe_18	6
7	July 15	fill in the blank 2ba7dbfa8fd3fbe_20	fill in the blank 2ba7dbfa8fd3fbe_21	7
8		fill in the blank 2ba7dbfa8fd3fbe_23	fill in the blank 2ba7dbfa8fd3fbe_24	8
9	July 22	fill in the blank 2ba7dbfa8fd3fbe_26	fill in the blank 2ba7dbfa8fd3fbe_27	9
10		fill in the blank 2ba7dbfa8fd3fbe_29	fill in the blank 2ba7dbfa8fd3fbe_30	10

2. Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank.

Page: 1

	DATE	DEBIT	CREDIT
1	July 5	fill in the blank 60c1c60a5f92057_2	fill in the blank 60c1c60a5f92057_3	1
2		fill in the blank 60c1c60a5f92057_5	fill in the blank 60c1c60a5f92057_6	2
3	July 8	fill in the blank 60c1c60a5f92057_8	fill in the blank 60c1c60a5f92057_9	3
4		fill in the blank 60c1c60a5f92057_11	fill in the blank 60c1c60a5f92057_12	4
5	July 12	fill in the blank 60c1c60a5f92057_14	fill in the blank 60c1c60a5f92057_15	5
6		fill in the blank 60c1c60a5f92057_17	fill in the blank 60c1c60a5f92057_18	6
7	July 12	fill in the blank 60c1c60a5f92057_20	fill in the blank 60c1c60a5f92057_21	7
8		fill in the blank 60c1c60a5f92057_23	fill in the blank 60c1c60a5f92057_24	8
9	July 15	fill in the blank 60c1c60a5f92057_26	fill in the blank 60c1c60a5f92057_27	9
10		fill in the blank 60c1c60a5f92057_29	fill in the blank 60c1c60a5f92057_30	10
11	July 22	fill in the blank 60c1c60a5f92057_32	fill in the blank 60c1c60a5f92057_33	11
12		fill in the blank 60c1c60a5f92057_35	fill in the blank 60c1c60a5f92057_36	12
13	July 22	fill in the blank 60c1c60a5f92057_38	fill in the blank 60c1c60a5f92057_39	13
14		fill in the blank 60c1c60a5f92057_41	fill in the blank 60c1c60a5f92057_42	14

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