Dayana Company had the following selected transactions during December 200x:
1. Dec 1
Cost of 3,500.
2. Dec 2
3. Dec 3
4. Dec 5
purchased Dec. 1. The returned items had a cost of 210
5. Dec 7
items had a cost of 4,900.
6. Dec 8
7. Dec 10
8. Dec 15
on Dec. 2 for 200
9. Dec 16
10. Dec 18
11. Dec 20
12. Dec 25
13. Dec 26
14. Dec 28
Payment
15. Dec 30
ompany had the following selected transactions during December 200x:
Sold merchandise on credit for 5,000, terms 3/10, n/30. The items sold had a
Cost of 3,500.
Purchase merchandise for cash, 720
Purchase supplies on credit for 2,600, term 1/10, n/30
issued a credit memorandum for 300 to a customer who returned merchandise
purchased Dec. 1. The returned items had a cost of 210
Sold merchandise on credit for 7,000, term 2/15, n/30, Shipping point. The
items had a cost of 4,900.
Paid freight 200 for the transaction on Dec 7.
Purchase Merchandise on account for 12,600, term FOB destination.
Received a credit memorandum for the return of faulty merchandise purchased
on Dec. 2 for 200
Paid the account for purchase on Dec 3.
Received the merchandise purchased on Dec 15. And paid freight for 250
Received payment for merchandise sold on Dec 7
Purchase merchandise on credit. Term 2/10, n/30, shipping point. Worth 5,000
Paid freight for Dec 25 purchase, 150
Paid 50% of account from Dec 25 purchase. Supplier allows discount for partial
Payment
Paid rent for the month 500
Perpetual Periodic
1-Dec A/R 5,000.00 A/R
Sales Sales
COGS 3,500.00 no entry
Inventory
2-Dec Inventory 720.00 Purchases
Cash Cash
3-Dec Supplies 2,600.00 Supplies
A/P A/P
5-Dec Sales return an 300.00 Sales return and allowances
A/R A/R
Inventory 210.00 no entry
COGS
7-Dec A/R 7,000.00 A/R
Sales Sales
COGS 3,500.00 no entry
Inventory
8-Dec A/R 200.00 A/R
Cash Cash
10-Dec Inventory 12,600.00 Purchases
A/P A/P
15-Dec Cash 200.00 Cash
Inventory Purchase return and allow
16-Dec A/P 2,600.00 A/P
Cash Cash
18-Dec A/P 250.00 A/P
Cash Cash
20-Dec Cash 7,060.00 Cash
Sales discount 140.00 Sales discount
A/R 7,200.00 A/R
25-Dec Inventory 5,000.00 Purchases
A/P A/P
26-Dec Inventory 150.00 Freight-in
Cash Cash
28-Dec A/P 2,500.00 A/P
Cash 100.00 Cash
Inventory 2,400.00 Purchase Discount
30-Dec Rent exp. 500.00 Rent exp.
Cash Cash
Cash 440.00 Cash
Supplies 2,600.00 Supplies
A/R 4,700.00 A/R
Inventory 11,380.00 Inventory
A/P 14,850.00 A/P
Sales 12,000.00 Sales
Sales return and allowances 300.00 Sales return and allowances
Sales discount 140.00 Sales discount
COGS 6,790.00 capital
Rent exp. 500.00 Rent exp.
26,850.00 26,850.00 Purchases
purchase disc
Purchase return
Sales 12,000.00 freight-in
Sales return and allowances 300.00
Sales discount 140.00
Net Sales 11,560.00
Sales
COGS 6,790.00 Sales return and allowances
GP 4,770.00 Sales discount
OPEX 500.00 Net Sales
NET INCOME 4,270.00
COGS
inv. Beg
Purchases
purchase disc
Purchase return
freight-in
tgas
inv. End
GP
OPEX
NET INCOME
440.00
2,600.00
4,700.00
5,000.00 (END)
14,850.00
12,000.00
300.00
140.00
5000
500.00
18,320.00
100.00
200.00
150
32,150.00 32,150.00
12,000.00
300.00
140.00
11,560.00 11,560.00
-
2000
18,320.00
(100.00)
(200.00)
150
20,170.00
(5,000.00) 15,170.00
11,560.00 (3,610.00)
150.00 (150.00)
11,410.00 (3,460.00)
