48 -Paidihe salaries of | Salaries and Wages 5,000 ‘Salaies and Wages 6,000 ane Cash 500 | Cash 5,000 16 - Purchased merchandise from Green | Merchandge Inventory 60000 Purchases 60,000 rune aso Accounts Payatle 60,000 | Accounts Payadle 60,000 Tems: 216,030 TecounisReceWvatie 30,000 Recounts Receivable 30.000 20 - Sold to Omega Coven aiecaate, Sales 30000 | Sales 0.000 30,000. | Tes: 216,130. The costal the merchandse | Cost of Good Sald 22500 | NOENTRY ‘sold was 22,500. Merchandise Inventory 22,500 r wocatormenrte” | Acounts Payable 2,000 | Accounts Payable 2000 20 er etued Morchandise Inventory 2000 | Purchase Retuns and oe Alowances 2000 ‘WRevehed debit Sales Relums and/Alowances 2000 Sales Retin and ATowances 2000 Conpaiguncanieate | Mounts Recehabe 2000 Accounts Recelvatle 2000 2000 for retumed defective merchands The cote | Merchandise Inventory 1500 NOENTRY merchandise soldwas | Costof Good Sold 1.500 1.500. 30 -Paidthe solenes of | S266 andWages 15000 Sales and Wages 16,000 the wotkers, 15,000. ca cash 15,000 15,000Nathalie, owner of Cheesy Merchandising, had the following transactions in April 2023: __TRANSACTIONS | PERPETUAL INVENTORY SYSTEM | PERIODIC INVENTORY SYSTEM 1- Purchased Merchandise inventory 40,000 Purchases 40,000 merchandise under the Cash 40,000 folowing terms = aor On Cash basis from various suppliers, 40,000, On account from Tiny Merchandise Inventory 100,000 Purchases 100,000 store, 100,000. Terms: ‘Accounts Payable 100,000 teh 2h0 nao Accounts Payable 100,000 ‘Accounts Receivable 60,000 Accounts Receivable 60,000 3~ Soid merchandise on scat Rae Sales 0,000 Sales 0,000 Merchandising, 60,000 Terms: 2/10, 1/30. The costof the merchandise | Cost Ct Good Sold 46,000 NOENTRY sold was 45,000. Freight | Merchancise Inventory 45,000 paid amounted to 1,500. The business maintains 08s profil rate on al | Freight Out 1,500 | Freight Out 4,500 sees at Zan Cash 1,500 Cash 1,500 ‘4— Retured 2,500 worth | Cash 2500 of merchandise on Apri 1 | Cash 2.500 harcore. Cheesy deal ie Purchase Returns and Merchandising was lerchandise Inventory, i ‘Allowances 2,500 refunded of the amount 6 Received returned | Sales Returns and Allowances 2000 | Sdes Returns and Allowances 2,000 goods from Red Rerchanding, 2.000, Accounts Receivable 2,000 | Accounts Receivable 2,000 7 — Bought store ] fuppien 3000 60 Store Supplies 3,000 Store Supplies 3,000 account Asset Accounts Payable 3.000 ‘Accounts Payable 3.000 method is used. 8 Received debit memo | Accounis Payable 2000 | Accounts Payable 2,000 from Tiny Store for eae Merchandise Inventory 2,000, Purchase Returns and merchandise, 2,000. | ‘Aliowancos 2,000 ‘Accounts Payable 98,000 AccountsPayabie 98,000 44 — Paid in full Tiny Merchandise Inventory 4,960 Purchase Discount 4,960 pane Cash 6040) Cash 6,040 12-Colectedthe ul |°%" ad SS) Sep amount from Red Sales Discount 4,160 Sales Discount 1.460 Merchandising Accounts Receivable 58,000| Accounts Receivable 58,000