(Question and Answer): (–) clⓘ ezto.mheducation.comhm.tpx Aaesome Sounds is a wholesale business that sels muskcal instruments. Transacsions involving sales and ca

(--) clⓘ ezto.mheducation.comhm.tpx Aaesome Sounds is a wholesale business that sels muskcal instruments. Transacsions involving sales and cash recolpts for the firm during Apel 2016 follow, along with the general ledger accounts used to record hese ransactions GENERAL LEDGER ACCOUNTS 5 16,000 Dr 109 Notes Receivable 11 Accounts Recelvable 20,600 Dr 401 Sales 51 Sales Returns and Allowances 452 Sales Discounts DATE TRANSACTIONS Apeil 1 Sold merchandise for $3,500 to Soprano Music Center, issued Invoice 9312 with terms of 2/10 n/30 3 Received a check for $2,156 from Music Supply Store in payment of Invoice 6718 of March 25 $2200) less a cash discount (544) 5 Sold merchandise for $1,475 in cash to a new customer who has not yet established credit Sold merchandise for $4,100 to Music Warehouse, issued Invoice 9313 with tems of 2/10, n/30 10 Soprano Music Center sent a check for $3,430 in payment of Invoice 9312 of April 1 (53.500) less a cash discount (370) 15 Accepted a return of damaged merchandise from Music Warehouse, issued Credit Memorandum 105 for $760 the original sale was made on Invoice 9313 of Apell 19 Sold merchandise for $10,100 to Eagleton Music Center, issued Invoice 9314 with terms of 2/10 23 Collected $2.875 from Sounds From Yesterday for Involce 6725 of March 26 26 Accepted a two-month promissory mote for $5.100 from Country Music Store in seltlement of ts 28 Received a check for $9 898 from Eagleton Music Center in payment of Involce 9314, dated Ape 30 Sold marchandse for $9.400 to Contempoany Sounds, Inc, Issued Invoice 9315 with termso overdue account the note has an interest eane of 12 percent 19 (510,10D) less a cash discount (5202) 2/10, n/30 2.1 Record the transactions in a sales journal as of Aprl 2016 Type here to search Esc d- 띠 2
media%2Fdac%2Fdac85edc-bc71-47a3-9709-6a
media%2Fd7f%2Fd7fbd2be-0207-4d93-82eb-c6
media%2F4f4%2F4f4d7933-4e83-48ee-a1fb-89

(–) clⓘ ezto.mheducation.comhm.tpx Aaesome Sounds is a wholesale business that sels muskcal instruments. Transacsions involving sales and cash recolpts for the firm during Apel 2016 follow, along with the general ledger accounts used to record hese ransactions GENERAL LEDGER ACCOUNTS 5 16,000 Dr 109 Notes Receivable 11 Accounts Recelvable 20,600 Dr 401 Sales 51 Sales Returns and Allowances 452 Sales Discounts DATE TRANSACTIONS Apeil 1 Sold merchandise for $3,500 to Soprano Music Center, issued Invoice 9312 with terms of 2/10 n/30 3 Received a check for $2,156 from Music Supply Store in payment of Invoice 6718 of March 25 $2200) less a cash discount (544) 5 Sold merchandise for $1,475 in cash to a new customer who has not yet established credit Sold merchandise for $4,100 to Music Warehouse, issued Invoice 9313 with tems of 2/10, n/30 10 Soprano Music Center sent a check for $3,430 in payment of Invoice 9312 of April 1 (53.500) less a cash discount (370) 15 Accepted a return of damaged merchandise from Music Warehouse, issued Credit Memorandum 105 for $760 the original sale was made on Invoice 9313 of Apell 19 Sold merchandise for $10,100 to Eagleton Music Center, issued Invoice 9314 with terms of 2/10 23 Collected $2.875 from Sounds From Yesterday for Involce 6725 of March 26 26 Accepted a two-month promissory mote for $5.100 from Country Music Store in seltlement of ts 28 Received a check for $9 898 from Eagleton Music Center in payment of Involce 9314, dated Ape 30 Sold marchandse for $9.400 to Contempoany Sounds, Inc, Issued Invoice 9315 with termso overdue account the note has an interest eane of 12 percent 19 (510,10D) less a cash discount (5202) 2/10, n/30 2.1 Record the transactions in a sales journal as of Aprl 2016 Type here to search Esc d- 띠 2

Expert Answer

 

Don't use plagiarized sources. Get Your Custom Essay on
(Question and Answer): (–) clⓘ ezto.mheducation.comhm.tpx Aaesome Sounds is a wholesale business that sels muskcal instruments. Transacsions involving sales and ca
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay
Journal
As of April 2016
Date Account Title Account No. Debit $ Credit $
1-Apr Accounts Receivable 111 3500
Sales 401 3500
3-Apr Cash 101 2156
Sales Discounts 452 44
Accounts Receivable 111 2200
5-Apr Cash 101 1475
Sales 401 1475
8-Apr Accounts Receivable 111 4100
Sales 401 4100
10-Apr Cash 101 3430
Sales Discounts 452 70
Accounts Receivable 111 3500
15-Apr Sales Returns & Allowances 451 760
Accounts Receivable 111 760
19-Apr Accounts Receivable 111 10100
Sales 401 10100
23-Apr Cash 101 2875
Accounts Receivable 111 2875
26-Apr Notes receivable 109 5100
Accounts Receivable 111 5100
28-Apr Cash 101 9898
Sales Discounts 452 202
Accounts Receivable 111 10100
30-Apr Accounts Receivable 111 9400
Sales 401 9400
Cash A/c No. 101
Date Account Title Debit Credit Balance
1-Apr 16000
3-Apr Accounts receivable 2156 18156
5-Apr Sales 1475 19631
10-Apr Accounts receivable 3430 23061
23-Apr Accounts receivable 2875 25936
28-Apr Accounts receivable 9898 35834
Accounts Receivable A/c No. 111
Date Account Title Debit Credit Balance
1-Apr 20600
1-Apr Sales 3500 24100
3-Apr Cash 2156 21944
Sales Discounts 44 21900
8-Apr Sales 4100 26000
10-Apr Cash 3430 22570
Sales Discounts 70 22500
15-Apr Sales returns & allowances 760 21740
19-Apr Sales 10100 31840
23-Apr Cash 2875 28965
26-Apr Notes receivable 5100 23865
28-Apr Cash 9898 13967
Sales Discounts 202 13765
30-Apr Sales 9400 23165
Sales A/c No. 401
Date Account Title Debit Credit Balance
1-Apr Accounts receivable 3500 3500
5-Apr Cash 1475 4975
8-Apr Accounts receivable 4100 9075
19-Apr Accounts receivable 10100 19175
30-Apr Accounts receivable 9400 28575
Sales returns & allowance A/c No. 451
Date Account Title Debit Credit Balance
15-Apr Accounts Receivable 760 760
Sales discounts A/c No. 452
Date Account Title Debit Credit Balance
3-Apr Accounts receivable 44 44
10-Apr Accounts receivable 70 114
28-Apr Accounts receivable 202 316
Notes receivable A/c No. 109
Date Account Title Debit Credit Balance
26-Apr Accounts receivable 5100 5100
AWESOME SOUNDS
Partial Income Statement
Month Ended April 30, 2016
Revenue 28575
Less:
Sales returns & allowances 760
Sales discounts 316 1076
Net Sales 27499

Total sales on account prior to Returns & Allowances:

$28575 – $4975 = $23600

Top Grade Homework
Order NOW For a 10% Discount!
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

× Contact Live Agents