Sales related and purchase related transactions. I need June 3,6,11, 13,21,30 recorded into an General Ledger for accounting. please fill in description line if needed on ledger for each transaction.

The following transactions were completed by Purple Paint Co. In June of the current year:
June:
3. Purchased merchandise on account from Sun Co, list price 85,000, trade discount 25%, terms FOB destination, 2/10, n/30
6. Returned 13,500 (18,000 list price less trade discount of 25%) of merchandise purchased on June 3 from Sun Co
11. Sold merchandise on account to Pete Co, list price 24,000, trade discount 35%, terms 1/10, n/30. The cost of the merchandise sold was 9,400
13. Paid Sun Co on account for purchase of jun 3, less return of June 6 discount
21. Received cash on account from sale of June 11 to Pete Co, less discount
24. Sold Merchandise on account to Rat Co., 56,900, terms 1/10, n/30. The cost of Merchandise sold was 34,000
30. Received merchandise returned by Rat Co. from sale on June 24, 8,400. The cost of the returned merchandise was 5,000

    • Posted: 6 years ago
    Best Answer, Best Solution, 100% Moneybackguarantee

    Purchase the answer to view it

    blurred-text
    Save time and money!
    Our teachers already did such homework, use it as a reference!
    • Sales related and purchase related transactions. I need June 3,6,11, 13,21,30 recorded into an General Ledger for accounting. please fill in description line if needed on ledger for each transaction. …