27 Jul NORTHERN VIRGINIA COMMUNITY COLLEGE Business And Social Science Division Woodbridge Campus Principles Of Accounting I Take Home (Chapters 4 – 6) Professor Dr. Mark DAntonio NAME:
Business and Social Science Division
Woodbridge Campus
Principles of Accounting I Take home (Chapters 4 – 6)
Professor Dr. Mark DAntonio
NAME: _____________________
Answer all parts of all questions. Show calculations where appropriate.
1. You keep the accounting records for a small merchandising corporation which operates on a fiscal year that ends on December 31. Using the separate general journal form provided, journalize the selected business transactions given below. You may omit the explanations for your entries. (40 points)
2005
Dec.2 Purchased $6,000 worth of merchandise on credit from Buy-Right Corp. Their invoice #a210 includes sales terms of 1/10, n/30, FOB shipping point.
3 Paid Express Shipping Company $150 for the delivery of the merchandise you purchased from Buy-Right Corp. on Dec. 2.
4 Sold $10,000 worth of merchandise on credit to Best Supply Co. on Invoice #2256, terms 2/10, n/30, FOB shipping point. The merchandise cost $7,000. (Remember you need to do 2 entries here!)
5 You discovered that some of the merchandise you purchased from Buy-Right Corp. on Dec. 2 was defective and had to be sent back. You returned $1,000 worth of merchandise.
14 Received a check from Best Supply Co. for the merchandise you had sold to them on Dec. 4, less their applicable discount.
Note: Print neatly and Skip a line between your entries
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.