< > m AAPriva×system er...G governm...cv.blackboard.comG administr...Departm...BUS 241 - Principles Of Accounting I (20953)G reese rd e...Mastery Assignment Instructionsđất 14K, thiIZAKIKAI AN XƯA KHI t shit & Jour 1841 Altith stAR/HA SIER Vô Blllt 4HKKthey should balance.PA2.) Record journal entries for the following transactions of Barrera Suppliers.A. May 12: Sold 32 deluxe hammers at $195 each to a customer, credit terms 10/10, n/45,invoice date May 12; the deluxe hammers cost Barrera Suppliers $88 each.B. May 15: Customer returned 6 hammers for a full refund. The merchandise was in sellablecondition at the original cost.Û + OC. May 20: Customer found 2 defective hammers but kept the merchandise for an allowanceof $200.D. May 22: Customer paid their account in full with cash.x Content < > m AAPriva×system er...G governm...cv.blackboard.comG administr...Departm...BUS 241 - Principles Of Accounting | (20953)Mastery Assignment InstructionsPA6.) Review the following transactions for Dish Mart and record any required journal entries.Note that all purchase transactions are with the same supplier.Nov. 5Dish Mart purchases 26 sets of dishes for $460 per set with cash.Nov. 9 Dish Mart purchases 30 sets of dishes for $430 per set on credit. Terms of the purchaseare 10/15, n/60, invoice date November 9.Nov. 13Dish Mart discovers 5 of the dish sets are damaged from the November 9purchase and returns them to the supplier for a full refund.G reese rd e...Nov. 14Dish Mart purchases 10 sets of dishes for $450 per set, on credit. Terms of thepurchase are 10/10, n/60, invoice date November 14.Û + ONov. 15 Dish Mart discovers that 2 of the dish sets from the November 14 purchase and 4of the dish sets from the November 5 purchase are missing a few dishes but keeps them since thesupplier granted an allowance of $50 per set for the November 14 dish sets and $75 per set forthe November 5 dish sets. Dish Mart and the supplier have agreed to reduce the amount Dishx Content

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PA2.) Record journal entries for the following transactions of Barrera Suppliers. A. May 12: Sold 32 deluxe hammers at $195 each to a customer, credit terms 10/10, n/45, invoice date May 12; the deluxe hammers cost Barrera Suppliers $88 each. B. May 15: Customer returned 6 hammers for a full refund. The merchandise was in sellable condition at the original cost. C. May 20: Customer found 2 defective hammers but kept the merchandise for an allowance of $200. D. May 22: Customer paid their account in full with cash.

PA2.) Record journal entries for the following transactions of Barrera Suppliers. A. May 12: Sold 32 deluxe hammers at $195 each to a customer, credit terms 10/10, n/45, invoice date May 12; the deluxe hammers cost Barrera Suppliers $88 each. B. May 15: Customer returned 6 hammers for a full refund. The merchandise was in sellable condition at the original cost. C. May 20: Customer found 2 defective hammers but kept the merchandise for an allowance of $200. D. May 22: Customer paid their account in full with cash.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...

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