Assume Brilliant Spring Company uses the perpetual inventory system. The general ledger of Brilliant Springs Company includes the following selected accounts, along with their account numbers: All credit sales are on Brilliants standard terms of 2/10, n/30. Sales and cash receipts transactions in November were as follows: Nov. 2 Sold merchandise inventory on credit to Image, Inc., $2,200. Brilliant s cost of these goods was $200. 6 As an accommodation to another company, sold new equipment for its cost of $85, receiving cash for this amount. 6 Cash sales for the week totaled $2,300 (cost, $1,500). 8 Sold merchandise inventory to A. Z. Metz on account, $7,500 (cost, $5,300). 9 Sold land that cost $9,000 for cash of $9,000. 11 Sold merchandise inventory on account to Speedy Electric, $5,800 (cost, $3,250). 11 Received cash from Image in full settlement of its account receivable from November 2. 13 Cash sales for the week were $2,400 (cost, $ 1,400). 15 Sold merchandise inventory on credit to Wilkson and Miller, $3,600 (cost, $2,300). 18 Received merchandise inventory from A. Z. Metz as a sales return, $500. The goods shipped were unsatisfactory. These goods cost Brilliant $100. 19 Sold merchandise inventory to Speedy Electric on account, $850 (cost, $350). 20 Cash sales for the week were $950 (cost, $620). 21 Received $4,400 cash from A. Z. Metz in partial settlement of its account receivable. There was no discount. 22 Received cash from Wilkson and
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