1-Feb Accounts recievable 2100

Sales 2100
To record sale for term 2/10, n/30, FOB Destination

Cost of good sold 1500

Inventory 1500
To record cost of sales

2-Feb Delivery expense or Freight-Out 225

Cash 225
To record delivery expenses for cost of goods sold

3-Feb Sales return and allowances 1050

Accounts recievable 1050
To record return of merchandise

Inventory 750
Cost of goods sold 750
To return merchandsie to inventory

4-Feb Accounts recievable 3800

Sales 3800
Record sales for term 2/10, n/30, FOB destination

Cost of goods sold 2280

Merchandise Inventory 2280
 To record cost of sales

11-Feb Cash 1029

Sales Discount 21
Account recievable 1050

23-Feb Cash 1200

Sales 1200
To record cash sales

Cost of good sold 720

Merchandise inventory 720
To record sales of inventory

28-Feb Cash 3800

Accounts recievable 3800
To record the collection of account recievable
 1-Oct Merchandise Inventroy 1400
Accounts Payable 1400
Purchased merchandise inventory on credit, terms 3/10, n/30 FOB shipping

Merchandise inventory 200

Cash 200
Paid for shipping cost

Oct-05 Account Raeceivable - Barber & Co. 600

Sales 600
To record sales , terms 2/10, n/30, FOB shipping point

Cost of goods sold 420

 Merchandise inventory 420
To record cost of sales and reduced inventory

Oct-07 Account payables 500

Merchandise inventory 500
to record returned of merchandise to Orbit Pro

Oct-10 Account payables - Orbit Pro 900

Merchandise inventory 27
Cash 873
to record payment of Orbit Pro payable wirthin discount period

Oct-14 Sales returns allowances 100

Account Raeceivable - Barber & Co. 100

Merchandise Inventory 70
Cost of goods sold 70
to record the cost of the return of merchandise

Oct-22 Cash 500

Account Raeceivable - Barber & Co. 500
to record collection of Barber Co accounts receivable

Oct-23 Merchandise Inventory 2000

Accounts payable - Keratin Hair 2000
to record purchase of merchandise on credit , terms 2/10, n/30 ,
FOB shipping

Merchandise Inventory 300

Cash 300
to record payment of shipping cost

Oct-25 Account receivable- styling room 1000

Sales 1000
to record sale @ 2/10, n/30, FOB destination

Cost of goods sold 700

Merchandise inventory 700
To record cost of sales and reduced inventory

Freight - out 150

Cash 150
to record payment of shipping cost - FOB destination

Oct-26 Account payables - Keratin hair 2000

Merchandise inventory 40
Cash 1960
paid accounts payable within discount preiod
Oct-31 Cash 980
Sales Discount 20
Account Raeceivable - styling room 1000
collected accounts receivable within the discount period
A. Journal entries for Wilson Purchasing

May-11 Merchandise inventory

Accounts payable
Purchased merchandise on credit , terms 2/10 , n/30

Merchandise inventory
cash
to record payment of shipping charges on purchases

May-12 Accounts payable- happy sales

Merchandise inventory
returned unacceptable merchandise

May-21 Accounts payable

cash
Merchandise inventory
to record payment of balance in full to Happy sales
 B. Journal entries for Happy Sales

23000 May-11
23000

1300
1300

3600 May-12
3600

19400
19012
388

May-21
Journal entries for Happy Sales

Account Receivable - wilson Purchasing 23000

Sales 23000
to record sales of merchandise 2/10, n/90

cost of goods sold 18000

Merchandise inventory 18000
to record cost of sales

Sales return and allowances 3600

Account Receivable - wilson Purchasing 3600
to record goods return by Wilson Purchasing

Merchandise inventory 2800

cost of goods sold 2800
returned goods to inventory - from Wilson Purchasing

cash 19012
sales discount 388
Account Receivable - wilson Purchasing 19400
to record collection of Wilson Purchasing accounts receivable