May 2Purchased merchandise for $5,400 on credit from the East Corp., terms n/30.
May 5Sold merchandise for $1,200 cash to Far Corp. Cost of merchandise was $200.
May 10Sold merchandise on credit for $2,500 to New Corp., Invoice No. 591, terms 2/10, n/30.
May 13Purchased merchandise for $3,400 on credit from West Corp., terms 1/10, n/30.
May 19Paid balance owed to East Corp. for May 2 sale.
May 20Collected amount due from New Corp. for May 10 sale.
May 24Purchased supplies on credit for $450 from Bonny Corp., terms n/30.
May 28Purchased merchandise for $3,900 from North Corp. on credit, terms 2/10, n/60.
May 30Received $130 from the bank for interest earned.
2007-08-02
11:49:50
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2 answers
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asked by
jjwants2know
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