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  • Assignment 2: Merchandising: Department of Education Schools Division of Catanduanes Calatagan High School

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    Raissa Mae
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    The document appears to be an assignment from a high school in the Philippines asking a student to record various merchandising transactions that took place in July and December. In July, the student recorded sales of merchandise for cash and on credit, returns of defective goods, and the sale of an old typewriter. In December, the student recorded additional investments in the business, purchases and sales of goods for both cash and credit, payments to suppliers and for expenses like rent and salaries. The document provides a series of dates and monetary transactions to practice recording merchandising activities.

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    merchandising quiz 1

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    The document appears to be an assignment from a high school in the Philippines asking a student to record various merchandising transactions that took place in July and December. In July, the student recorded sales of merchandise for cash and on credit, returns of defective goods, and the sale of an old typewriter. In December, the student recorded additional investments in the business, purchases and sales of goods for both cash and credit, payments to suppliers and for expenses like rent and salaries. The document provides a series of dates and monetary transactions to practice recording merchandising activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    35 views1 page

    Assignment 2: Merchandising: Department of Education Schools Division of Catanduanes Calatagan High School

    Uploaded by

    Raissa Mae
    The document appears to be an assignment from a high school in the Philippines asking a student to record various merchandising transactions that took place in July and December. In July, the student recorded sales of merchandise for cash and on credit, returns of defective goods, and the sale of an old typewriter. In December, the student recorded additional investments in the business, purchases and sales of goods for both cash and credit, payments to suppliers and for expenses like rent and salaries. The document provides a series of dates and monetary transactions to practice recording merchandising activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Republic of the Philippines

    Department of Education
    Region V- Bicol
    SCHOOLS DIVISION OF CATANDUANES
    CALATAGAN HIGH SCHOOL
    Virac, Catanduanes
    _____________________________________________________________________________________

    Assignment 2: Merchandising

    Name: Strand: Date:

    A-

    July 1 - Sold merchandise for P10,000 cash

    3 - The customer returned defective merchandise worth P2,000. A cash refund was

    Given

    6 - Sold merchandise on account to Mrs. Burce for P9,500. Terms 2/10,, n/30.

    7 - Paid the freight on the above sale, P300.

    10 - Mrs. Burce returned defective goods. A credit memo was issued for P1,000.

    15 - Mrs. Burce returned defective goods. A credit memo was issued for P1,000.

    20 - Sold an old typewriter not needed in the office anymore for P3,000.

    B–

    Dec 1 - D. Recio invested cash of P50,000.

    1 - Paid taxes and business licenses, P2,000.

    2 - Additional investment of delivery van costing P50,000, but presently valued at

    P20,000.

    4 - Purchased goods for cash, P20,000.

    5 - Cash sales, P10,000

    6 - Purchased merchandise on account, P10,000.

    7 - Sold on account merchandise to Mrs. Howe worth, P8,000. Terms: 2/10, n/30.

    8 - A cash refund of P2,000 were given to cash customers on the 5 th.

    9 - Received P2,000 as partial payment from Mrs. Howe.

    10 - Paid rent, P5,000.

    15 - Paid salaries of P6,000.

    17 - Purchased additional merchandise on account from Division Mart for P15,000. Terms

    2/10, n/30.

    19 - Paid our account on the 6th.

    25 - Paid Divisoria Mart our account in full.

    28 - Cash sales, P20,000.

    29 - Mrs. Howe paid his account in full.

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