TITAN MERCHANDISING

DATE PARTICULARS DR CR
Oct 1 Cash 300,000
Yeager, Capital 300,000
Owner's investment

2 Purchases 82,500
Cash 82,500
COD

4 Freight-In 4,500
Cash 4,500
FOB SP, Collect

5 Purchases 20,000
Accounts Payable – Zeke 20,000
20% trade discount, 2/10, n/30

6 Accounts Receivable – Bertolt 90,000

Sales 90,000
2/10, n/30

Freight-Out 2,000
Cash 2,000
FOB DP, Prepaid

10 Office Equipment 20,100

Accounts Payable – Pieck 20,100
2/10, n/30 with freight

12 Accounts Receivable – Ymir 72,000

Sales 72,000
2/eom, n/30

Accounts Receivable – Ymir 1,500

Cash 1,500
FOB Shipping Point, Prepaid

14 Accounts Payable – Zeke 9,800

Cash 9,800
Partial payment

15 Sales Returns & Allowances 10,000

Accounts Receivable – Ymir 10,000
Wrong specifications
DATE PARTICULARS DR CR
16 Cash 88,200
Sales Discount 1,800
Accounts Receivable – Bertol 90,000
Full collection

17 Cash 2,500
Purchase Returns & Allowances 2,500
Cash refund

18 Yeager, Drawing 5,000

Purchases 5,000
Owner's withdrawal

19 Accounts Payable – Pieck 20,100

Cash 20,100
Full payment

20 Accounts Payable – Zeke 10,200

Cash 10,200
Full payment

21 Cash 30,000
Accounts Receivable – Ymir 30,000
Partial collection

22 Purchases 45,000
Accounts Payable – Armin 45,000
3/eom, n/30

Accounts Payable – Armin 500

Cash 500
FOB DP, Collect

25 Accounts Payable – Armin 8,000

Purchase Returns & Allowances 8,000
Damaged goods

28 Cash 32,260
Sales Discount 1,240
Accounts Receivable – Ymir 33,500
Full collection

30 Accounts Payable – Armin 36,500

Purchase Discount 1,110
Cash 35,390
Full payment