urgent thankyouuu!!! MSS Company sells Japanese comics books. On 1 January 2021, a customer, Jupiter Co.,owed MSS Company $400. During the month of January 2021, MSS Company made thefollowing transactions.2021JanJupiter Co. bought goods on credit from MSS Company with a list price of$2 600, less a 3% trade discount.ut11MSS Company sold goods $9 000 to Uranus Co. on credit.X5Jupiter Co. returned some of the goods purchased on 5 January 2021. List priceof those goods amounted to $600.MSS Company sold books $5 000 to Jupiter Co.immediately.18Cash was received20MSS Company received 10 books from Uranus Co. as they were deliveredwrongly. Cost of each book was $45.27MSS Company received a purchase order from Venus Co. for $7 000 books.Issued sales invoice to Mercury Co. Goods of $3 800 were delivered toMercury Co. on the same day. It was agreed to settle the amount on14 February 2021.30Required:(a)Prepare the sales journal of January 2021.(b)Prepare Jupiter Co. account in the sales ledger of January 2021. Balance off the account atmonth end(c)Prepare all the necessary accounts in the general ledger of January 2021. Balance off theaccounts is not required2.

Sales Journal: It is the book or journal to record the business transaction of the credit sales.…

red MSS Company $400. During the month of January 2021, MSS Company made the lowing transactions. 21 Jupiter Co. bought goods on credit from MSS Company with a list price of $2 600, less a 3% trade discount. しt 11 MSS Company sold goods $9 000 to Uranus Co. on credit. 木5 Jupiter Co. returned some of the goods purchased on 5 January 2021. List price

red MSS Company $400. During the month of January 2021, MSS Company made the lowing transactions. 21 Jupiter Co. bought goods on credit from MSS Company with a list price of $2 600, less a 3% trade discount. しt 11 MSS Company sold goods $9 000 to Uranus Co. on credit. 木5 Jupiter Co. returned some of the goods purchased on 5 January 2021. List price

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 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...

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Lamplight Plus sells lamps to consumers. The company contracts with a supplier who provides them with lamp fixtures. There is an agreement that Lamplight Plus is not required to provide cash payment immediately and instead will provide payment within thirty days of the invoice date. Additional information: Lamplight purchases thirty light fixtures for $20 each on August 1, invoice date August 1, with no discount terms Lamplight returns ten light fixtures (receiving a credit amount for the total purchase price per fixture of $20 each) on August 3. Lamplight purchases an additional fifteen light fixtures for $15 each on August 19, invoice date August 19, with no discount terms. Lamplight pays $100 toward its account on August 22. What amount does Lamplight Plus still owe to the supplier on August 30? What account is used to recognize this outstanding amount?
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