San Diego State University Operations And Supply Chain Management Assignment Help - Goods
Question - Boone Hardware Store completed the following merchandising transactions in the month of May. At
the beginning of May, the ledger of Boone showed Cash of $5,000 and Ownerâ€™s Capital of $5,000.
May 1 Purchased merchandise on account from Adewaleâ€™s W holesale Supply $4,200, terms 2/10,
2 Sold merchandise on account $2,100, terms 1/10, n/30. The cost of the merchandise sold was
5 Received credit from Adewaleâ€™s W holesale Supply for merchandise returned $300.
9 Received collections in full, less discounts, from customers billed on sales of $2,100 on
10 Paid Adewaleâ€™s W holesale Supply in full, less discount.
11 Purchased supplies for cash $400.
12 Purchased merchandise for cash $1,400.
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