Make a Journal Entry April 2. Purchase merchandise on account from MJ wholesale supply P65,000 terms 2/10, n/30 FOB Destination April 6. Sold P24,000 worth of goods to Don Sales Inc. 2/10, n/30 FOB Destination. April 7. Received P1,500 credit from MJ wholesale supply for the return of unsatisfactory goods. April 8. Paid P600 for the delivery of goods to Don Sales inc. April 11. Made a sale to NA travels for P38,800 with credit term 2/10, n/30 FOB Destination April 12. Purchase merchandise on account from Care Enterprises P55,000 terms 2/10, n/30 FOB Shipping point April 14. Purchase merchandise on cash P15,000 April 17. Received refund for poor quality merchandise from purchased April 14, P800. April 20. Purchase merchandise on account from Dave Wholesale Inc. P45,000 terms 2/10, n/30 FOB Shipping point. April 21. Issued a credit for P1,500 to NA Travels for the return of unsatisfactory goods. April 22. Received payment from NA Travels April 23. Made a refund to cash customer for defective merchandise P2,500 April 25. The business made a loan at Rural Bank and issued promissory note in amount of P50,000
Make a
April 2. Purchase merchandise on account from MJ wholesale supply P65,000 terms 2/10, n/30 FOB Destination
April 6. Sold P24,000 worth of goods to Don Sales Inc. 2/10, n/30 FOB Destination.
April 7. Received P1,500 credit from MJ wholesale supply for the return of unsatisfactory goods.
April 8. Paid P600 for the delivery of goods to Don Sales inc.
April 11. Made a sale to NA travels for P38,800 with credit term 2/10, n/30 FOB Destination
April 12. Purchase merchandise on account from Care Enterprises P55,000 terms 2/10, n/30 FOB Shipping point
April 14. Purchase merchandise on cash P15,000
April 17. Received refund for poor quality merchandise from purchased April 14, P800.
April 20. Purchase merchandise on account from Dave Wholesale Inc. P45,000 terms 2/10, n/30 FOB Shipping point.
April 21. Issued a credit for P1,500 to NA Travels for the return of unsatisfactory goods.
April 22. Received payment from NA Travels
April 23. Made a refund to cash customer for defective merchandise P2,500
April 25. The business made a loan at Rural Bank and issued promissory note in amount of P50,000
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