This paper circulates around the core theme of The following were selected from among the transactions completed by Ingress Company dur- ing together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The following were selected from among the transactions completed by Ingress Company dur- ing… 1 answer below » The following were selected from among the transactions completed by Ingress Company dur- ing January of the current year: Jan. 3 Purchased merchandise on account from Pynn Co., $10,400, terms FOB shipping point, 2/10, View complete question » The following were selected from among the transactions completed by Ingress Company dur- ing January of the current year: Jan. 3 Purchased merchandise on account from Pynn Co., $10,400, terms FOB shipping point, 2/10, n/30, with prepaid transportation costs of $320 added to the invoice. 5 Purchased merchandise on account from Wilhelm Co., $8,000, terms FOB destination, 1/10, n/30. Jan. 6 Sold merchandise on acount to Sievert Co., $7,500, terms 2/10, n/30. The cost of the merchandise sold was $4,500. 7 Returned $1,800 of merchandise purchased on January 5 from Wilhelm Co. 13 Paid Pynn Co. on account for purchase of January 3, less discount. 15 Paid Wilhelm Co. on account for purchase of January 5, less return of January 7 and discount. 16 Received cash on account from sale of January 6 to Sievert Co., less discount. 19 Sold merchandise on nonbank credit cards and reported accounts to the card com- pany, American Express , $6,450. The cost of the merchandise sold was $3,950. 22 Sold merchandise on account to Elk River Co., $3,480, terms 2/10, n/30. The cost of the merchandise sold was $1,400. 23 Sold merchandise for cash, $9,350. The cost of the merchandise sold was $5,750. 25 Received merchandise returned by Elk River Co. from sale on January 22, $1,480. The cost of the returned merchandise was $600. 31 Received cash from American Express for nonbank credit sales of January 19, less $225 service fee. Instructions Journalize the transactions. View less » Dec 10 2015 03:27 PM
