RHONDA HARDWARE STORE

MAY DEBIT CREDIT

1 Purchases 4,200
Accounts Payable 4,200

2 Sales 2,100
Accounts Receivable 2,100

5 Purchases Returns and Allowances 300

Cash 300

9 Cash 2,100
Sales 2,079
Sales Discount 21

10 Accounts Payable 2,400

Cash 2,352
Purchase Discount 48

11 Supplies 400
Cash 400

12 Purchases 1,400
Cash 1,400

15 Cash 150
Purchase Returns and Allowances 150

17 Purchases 1,300
Accounts Payable 1,300

19 Freight-in 130
Cash 130

24 Cash 3,200
Sales 3,200

25 Purchases 620
Accounts Payable 620

27 Accounts Payable 1,300

Cash 1,274
Purchase Discount 26

29 Sales Returns and Allowances 70

Cash 70
31 Sales 1,000
Accounts Receivable 1,000
20,670 20670
 FREIGHT-IN
CASH DEBIT
DEBIT CREDIT May-19 130
May-05 300
May-10 2,352 SUPPLIES SALES
May-11 400 DEBIT CREDIT DEBIT
May-12 1,400 May-11 400 May-02 2,100
May-15 150 May-09
May-19 130 PURCHASES May-24
May-24 3,200 DEBIT CREDIT May-31 1,000
May-27 1,274 May-01 4,200 3,100
May-29 70 May-12 1,400
3,350 5926 May-17 1,300 SALES DISCOUNT
May-25 620 DEBIT
ACCOUNTS RECEIVABLE 7,520 May-09
DEBIT CREDIT
May-02 2,100 ACCOUNTS PAYABLE PURCHASE DISCOUNT
May-31 1,000 DEBIT CREDIT DEBIT
3,100 May-01 4,200 May-10
May-10 2,400 May-27
May-17 1,300
May-25 620
May-27 1,300
3,700 6,120
 FREIGHT-IN SALES RETURNS AND ALLOWANCES
CREDIT DEBIT CREDIT
May-29 70

SALES PURCHASE RETURNS AND ALLOWANCES

CREDIT DEBIT CREDIT
May-05 300
2,079
3,200

5,279

SALES DISCOUNT
CREDIT
21

PURCHASE DISCOUNT
CREDIT
48
26
74
Sales 8,379
Sales Returns and Allowances 70
Sales Discount 21
NET SALES 8,288

Freight-in 150
Purchases 7,520
Purchase Returns and Allowances 300
Purchase Discount 74
COST OF GOODS PURCHASE 7,296

Purchases 7,520
Ending Inventory 3,266
COST OF GOODS SOLD 4,254

Sales 8,288
Cost of Goods Sold 4,254
GROSS PROFIT 4,034