The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of Mix-Rights and transactions during October 2020 were as follows: Oct 1 Balance: 94 units costing $5 each. 3 Purchased 109 units from Arnold Brothers costing $7.50 each 4 Returned 29 of the units purchased on October 3. 9 Sold 84 units to Kitchen Club, invoice #210. 15 Purchased 209 units from Arnold Brothers costing $8.20 each. 18 Sold 168 units to Thorhild Co-op, invoice #211. 19 Paid for the October 3 purchase; cheque #101. 23 Paid for the October 15 purchase, cheque #102. 24 Sold 59 units to Boyle Grocery, invoice #212. 31 Purchased 84 units from Arnold Brothers costing $8.00 each. Q: Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit; terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory sub-ledger record. Posting to other sub-ledgers is not required. (Enter in the order provided and two decimal places) Q1: Record the returned 29 Units (Attached Image 1) Q2: Record details in the table (Attached Image 2)

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The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of Mix-Rights and transactions during October 2020 were as follows:

Oct	1	Balance: 94 units costing $5 each.
	3	Purchased 109 units from Arnold Brothers costing $7.50 each
	4	Returned 29 of the units purchased on October 3.
	9	Sold 84 units to Kitchen Club, invoice #210.
	15	Purchased 209 units from Arnold Brothers costing $8.20 each.
	18	Sold 168 units to Thorhild Co-op, invoice #211.
	19	Paid for the October 3 purchase; cheque #101.
	23	Paid for the October 15 purchase, cheque #102.
	24	Sold 59 units to Boyle Grocery, invoice #212.
	31	Purchased 84 units from Arnold Brothers costing $8.00 each.

Q:
Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit; terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory sub-ledger record. Posting to other sub-ledgers is not required. (Enter in the order provided and two decimal places)

Q1: Record the returned 29 Units (Attached Image 1)

Q2: Record details in the table (Attached Image 2)

Purchases
(Returns & Allow &
Discounts)
Sales (at cost)
Inventory Balance
Average
Cost/
Date
Unit
Total
Cost
Unit
Total
Total
Units
Total
PR
Units
Units
2020
Cost
Cost
Cost
Cost
Unit
Oct. 1
94
$ 5.00
$ 470.00
3
P1
0.00
4
G1
0.00
9
S1
15
P1
$
0.00
18
S1
23 CD1
24
S1
31
P1
0.00
Total
94
$ 470.00
$
0.00

Record the returned 29 units.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
October 04,
2020

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