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ookmarks Jools Help O https//newconnect.mhed ...Q chegs tml7returnUrl: https%3A% am Chp 1-11 6 Saved Exercise 8.3 Recording purchases made for cash and on account, with purchases returns. Record the following transactions of Fronke\'s Fashions in a general journal: DATE 2019 TRANSACTIONS April 1 Purchased merchandise for cash, $1,240 2 Returned merchandise for cash purehased on April 1 receiveda cash refund of $111 Purchased merchandsse on credit from Brese Distributors, Invoice 125, 5664, terma B/s0: treight ot 39. prepaid by Sreit 7 Returned danaged mezchandise parchased on Apr from Brest amoust due to Bre DISteibutorS for the purchase ot Dist ?.butor, and added to the invoice Distributors: received Credit Memorandua 202 for 46. Aprii 4, leas the return on April 7, Check 1458. View transaction lst Journal entry worksheet C Prey 23 of 25 iI Next > break 8 9

Solution

Fronke\'s Fashions General Journal Date Particular Amount (Dr) Amount (Cr) 1-Apr Mercendise Inventory $           1,240.00        To Cash $                                            1,240.00 (Being Amount of Mercendise Purchased on Cash) 2-Apr Cash $               111.00      To Merchandise Inventory $                                                111.00 (Being amount of merchandise returned) 4-Apr Merchandise Inventory $               703.00      To Accounts Payable $                                                703.00 (Being amount of Merchandise Purchased from Briet Distributor vide Inv. No. 125,including freight) 7-Apr Account Payable $                 46.00        To Purchase Returned & Allowances $                                                  46.00 (Being amount of Purchase Returned & received credit memorandum 202) 30-Apr Accounts Payable $               657.00        To Cash $                                                657.00 (Being amount paid to Breit Distributor vide Cheque No.1455($703-$46)