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SV Merchandising Store Trial Balance 31-Jul-18 Periodic Acct.# Account Title Debit Credit 64,648.4 36,800 1,650 21,000 Cash Accounts Receivable 101 110 |Supplies Office Equipment 120 140 Accounts Payable Notes Payable Villa, Capital Villa, Drawings Sales Sales Discount Sales Returm and Allowances Purchases Purchase Discount Purchase Return and Allowance Freight In Salaries Expense Freight Out Advertising Expense 210 29,500 128,000 220 310 320 9,000 400 109,700 972 3,800 110,000 410 420 510 320 1,630.4 1,250 530 580 16,000 550 540 610 620 630 1,580 640 Rent Expense 2,800 650 Utilities Expense 700 Total 271,080.4 270,080.4

SV Merchandising Store Trial Balance 31-Jul-18 Periodic Acct.# Account Title Debit Credit 64,648.4 36,800 1,650 21,000 Cash Accounts Receivable 101 110 |Supplies Office Equipment 120 140 Accounts Payable Notes Payable Villa, Capital Villa, Drawings Sales Sales Discount Sales Returm and Allowances Purchases Purchase Discount Purchase Return and Allowance Freight In Salaries Expense Freight Out Advertising Expense 210 29,500 128,000 220 310 320 9,000 400 109,700 972 3,800 110,000 410 420 510 320 1,630.4 1,250 530 580 16,000 550 540 610 620 630 1,580 640 Rent Expense 2,800 650 Utilities Expense 700 Total 271,080.4 270,080.4

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 4RE: Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method....
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prepare a statement of financial position (periodic method)

SV Merchandising Store Trial Balance 31-Jul-18 Periodic Acct.# Account Title Debit Credit 64,648.4 36,800 101 Cash 110 Accounts Receivable Supplies Office Equipment Accounts Payable Notes Payable Villa, Capital Villa, Drawings Sales 120 1,650 140 21,000 210 220 29,500 310 128,000 320 9,000 400 109,700 410 Sales Discount 972 420 Sales Return and Allowances 3,800 Purchases Purchase Discount 510 110,000 1,630.4 1,250 520 530 Purchase Return and Allowance 540 Freight In Salaries Expense Freight Out Advertising Expense Rent Expense Utilities Expense 580 610 16,000 620 550 1,580 2,800 630 640 650 700 Total 271,080.4 270,080.4
Transcribed Image Text:SV Merchandising Store Trial Balance 31-Jul-18 Periodic Acct.# Account Title Debit Credit 64,648.4 36,800 101 Cash 110 Accounts Receivable Supplies Office Equipment Accounts Payable Notes Payable Villa, Capital Villa, Drawings Sales 120 1,650 140 21,000 210 220 29,500 310 128,000 320 9,000 400 109,700 410 Sales Discount 972 420 Sales Return and Allowances 3,800 Purchases Purchase Discount 510 110,000 1,630.4 1,250 520 530 Purchase Return and Allowance 540 Freight In Salaries Expense Freight Out Advertising Expense Rent Expense Utilities Expense 580 610 16,000 620 550 1,580 2,800 630 640 650 700 Total 271,080.4 270,080.4
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