record the following transaction in general journal entry format showing distinctly the debit and credit accounts as recorded in manual entry accounting.Please use Perpetual Inventory methodJuly 1) 5

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record  the following transaction in general journal entry format showing  distinctly the debit and credit accounts as recorded in manual entry  accounting.Please use Perpetual Inventory method

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record the following transaction in general journal entry format showing distinctly the debit and credit accounts as recorded in manual entry accounting.Please use Perpetual Inventory methodJuly 1) 5
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July 1) Your Name  Drug store Purchased Medical Supplies intended for sale for 1000$ from  vendor x ,terms of sale 2/10.n/30 fob destination the freight charges is  50$

july 3 ) Your Name Drug store Purchased Medical Supplies  intended for sale for 3000 $ from vendor y.terms of sale 1/10.n/30.fob  destination point.the freight charges is 150

July 4) Your Name Drug store returned 200$ worth of merchandise purchased from vendor y.

july  5) Your Name Drug store Purchased Medical Supplies for use for 2000$  from vendor z ,terms of sale 2/15,n/30.fob destination .freight charges  is 100$

july 7 ) Your Name Drug store sold merchandise to customer a for 8000$,terms 2/10 n/30 ,the cost of the inventory is 3200$.

july 9) Your Name Drug store paid the amount owed to vendor x on the purchased of july 1.

july 12)Your Name Drug storesold merchandise to customer b for 6000$terms 1/10,n/30,the cost of inventory is 2400$.

july 13)Your Name Drug store paid the amount owed to vendor y on purchased of july 3.

july 15) Your Name Drug store collected cash from customer a from the sale of july 7.

july 17) customer b returned 300$ worth of defective merchandise to Your Name Drug store,the cost is 120$.

july 21) Your Name Drug store paid the amount owed to vendor z.

july 22) received cash from customer b on the sale of july 12.

july 30) purchased medical supplies for use,1000$ paying cash.terms,fob destination.freight charges is 50$

1)  Please use Perpetual Inventory method. July 1 Your Name Drug Store  purchased medical supplies intended for sale for $1,000.00 from Vendor  X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges =  $50.00. The journal entry is a debit to ___________ ( Gl Account name ) ?

2)  Please use Perpetual Inventory method. July 1 Your Name Drug Store  purchased medical supplies intended for sale for $1,000.00 from Vendor  X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges =  $50.00. The journal entry is a credit to ___________ ( Gl Account name )  ?

3) Please use Perpetual Inventory method. July 1 Your Name Drug  Store purchased medical supplies intended for sale for $1,000.00 from  Vendor X. Terms of sale: 2/10, n/30, FOB Destination. The freight  charges = $50.00. The debit amount is ___________?

4) Please use  Perpetual Inventory method. July 3 Your Name Drug Store purchased  medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale:  1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The entry  is a debit to _____________ (GL Account Name) ?

5) Please use  Perpetual Inventory method. July 3 Your Name Drug Store purchased  medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale:  1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The entry  is a credit to _____________ (GL Account name) ?

6) Please use  Perpetual Inventory method. July 3 Your Name Drug Store purchased  medical equipment for sale for $3,000.00 from Vendor Y. Terms of sale:  1/10, n/30 FOB Shipping Point. The freight charges = $150.00. The debit  amount is _____________ .?

7) Please use Perpetual Inventory  method. July 4 Your Name Drug Store returned $200.00 worth of  merchandise purchased from Vendor Y. The debit is to ____________ (GL  Account Name) ?

8) Please use Perpetual Inventory method. July 4  Your Name Drug Store returned $200.00 worth of merchandise purchased  from Vendor Y. The credit is to ____________ (GL Account Name) ?

9)  Please use Perpetual Inventory method. July 4 Your Name Drug Store  returned $200.00 worth of merchandise purchased from Vendor Y. The debit  amount is ____________ .?

10) Please use Perpetual Inventory  method. July 5 Your Name Drug Store purchased medical supplies for use  for $2,000.00 from Vendor Z. Terms of sale, 2/15, n/20, FOB Destination.  Freight Charges = $100.00. The debit is to _____________ (GL Account  Name) ?

11) Please use Perpetual Inventory method. July 5 Your  Name Drug Store purchased medical supplies for use for $2,000.00 from  Vendor Z. Terms of sale, 2/15, n/20, FOB Destination. Freight Charges =  $100.00. The credit is to _____________ (GL Account Name) ?

12)  Please use Perpetual Inventory method. July 5 Your Name Drug Store  purchased medical supplies for use for $2,000.00 from Vendor Z. Terms of  sale, 2/15, n/20, FOB Destination. Freight Charges = $100.00. The debit  amount is _____________ .?

13) Please use Perpetual Inventory  method. On July 7 Your Name Drug Store sold merchandise to Customer A  for $8,000.00. Terms: 2/10, n/30. The cost of the inventory is  $3,200.00. The $8,000.00 debit is to _______________ (GL Account Name) ?

14)  Please use Perpetual Inventory method. On July 7 Your Name Drug Store  sold merchandise to Customer A for $8,000.00. Terms: 2/10, n/30. The  cost of the inventory is $3,200.00.The $8,000.00 credit is to  _______________ (GL Account Name) ?

15) Please use Perpetual  Inventory method. On July 7 Your Name Drug Store sold merchandise to  Customer A for $8,000.00. Terms: 2/10, n/30. The cost of the inventory  is $3,200.00. The $3,200.00 debit is to _______________ (GL Account  Name) ?

16) Please use Perpetual Inventory method. On July 7 Your  Name Drug Store sold merchandise to Customer A for $8,000.00. Terms:  2/10, n/30. The cost of the inventory is $3,200.00. The $3,200.00 credit  is to _______________ (GL Account Name) ?

17) Please use  Perpetual Inventory method. On July 9 Your Name Drug Store paid the  amount owed to Vendor X on the purchased of July 1. The debit is to  ______________ (GL Account Name) ?

18) Please use Perpetual  Inventory method. July 9 Your Name Drug Store paid the amount owed to  Vendor X on the purchased of July 1. The debit amount is ______________  .?

19) Please use Perpetual Inventory method. July 9 Your Name  Drug Store paid the amount owed to Vendor X on the purchased of July 1.  The amount of Cash paid is _____________ (amount).?

20) Please use  Perpetual Inventory method. On July 12 Your Name Drug Store sold  merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of  the inventory is $2,400.00. The $6,000.00 debit is to ____________ (GL  Account Name) ?

21) Please use Perpetual Inventory method. On July  12 Your Name Drug Store sold merchandise to Customer B for $6,000.00  Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $6,000.00  credit is to ____________ (GL Account Name) ?

22) Please use  Perpetual Inventory method. On July 12 Your Name Drug Store sold  merchandise to Customer B for $6,000.00 Terms: 1/10, n/30. The cost of  the inventory is $2,400.00. The $2,400.00 debit is to ____________ (GL  Account Name) ?

23) Please use Perpetual Inventory method. On July  12 Your Name Drug Store sold merchandise to Customer B for $6,000.00  Terms: 1/10, n/30. The cost of the inventory is $2,400.00. The $2,400.00  credit is to ____________ (GL Account Name) ?

24)Please use  Perpetual Inventory method. On July 13 Your Name Drug Store paid the  amount owed to Vendor Y on the purchased of July 3. The debit is to  ____________ (GL Account Name) ?

25) Please use Perpetual  Inventory method. July 13 Your Name Drug Store paid the amount owed to  Vendor Y on the purchased of July 3. The debit amount is to ____________  .?

26)Please use Perpetual Inventory method. July 13 Your Name  Drug Store paid the amount owed to Vendor Y on the purchased of July 3.  The amount of Cash paid is ______________.?

27) Please use  Perpetual Inventory method. July 13 Your Name Drug Store paid the amount  owed to Vendor Y on the purchased of July 3. The discount is a credit  to ______________ (GL Account Name) ?

28)Please use Perpetual  Inventory method. On July 15 Your Name Drug Store collected cash from  Customer A from the sale of July 7. The amount of Cash collected is  ______________.?

29) Please use Perpetual Inventory method. On  July 15 Your Name Drug Store collected cash from Customer A from the  sale of July 7. The amount of discount is ______________.?

30)  Please use Perpetual Inventory method. On July 15 Your Name Drug Store  collected cash from Customer A from the sale of July 7. The credit is to  ______________ (GL Account Name) ?

31) Please use Perpetual  Inventory method. On July 15 Your Name Drug Store collected cash from  Customer A from the sale of July 7. The credit amount is  ______________.?

32) Please use Perpetual Inventory method. On  July 17 Customer B returned $300.00 worth of defective merchandise to  Your Name Drug Store. The cost is120.00. The $300.00 debit is to  __________ (GL Account Name) ?

33) Please use Perpetual Inventory  method. On July 17 Customer B returned $300.00 worth of defective  merchandise to Your Name Drug Store. The cost is120.00.The $300.00  credit is to __________ (GL Account Name) ?

34) Please use  Perpetual Inventory method. On July 17 Customer B returned $300.00 worth  of defective merchandise to Your Name Drug Store. The cost is120.00.The  $120.00 debit is to __________?

35) Please use Perpetual  Inventory method. On July 17 Customer B returned $300.00 worth of  defective merchandise to Your Name Drug Store. The cost is120.00.The  $120.00 credit is to __________ (GL Account Name) ?

36) Please use  Perpetual Inventory method.On July 21 Your Name Drug Store paid the  amount owed to Vendor Z. The debit is to _________________ (GL Account  Name)?

37) Please use Perpetual Inventory method. On July 22  Received cash from Customer B on the sale of July 12. The amount of Cash  received is ____________ .?

38) Please use Perpetual Inventory  method. On July 22 Received cash from Customer B on the sale of July 12.  The credit is to ____________ (GL Account Name)?

39) Please use  Perpetual Inventory method. On July 22 Received cash from Customer B on  the sale of July 12. The discount amount is ____________?

40)Please  use Perpetual Inventory method. On July 22 Received cash from Customer B  on the sale of July 12. The credit is to ____________ (GL Account  Name)?

41) Please use Perpetual Inventory method. On July 30  Purchased medical supplies for use, $1,000.00 paying cash. Terms: FOB  Destination, Freight Charges = 50.00. The debit is to ______________ (GL  Account Name) ?

42) Please use Perpetual Inventory method. On  July 30 Purchased medical supplies for use, $1,000.00 paying cash.  Terms: FOB Destination, Freight Charges = 50.00. The debit amount is  ______________?

43)Please use Perpetual Inventory method. On July  30 Purchased medical supplies for use, $1,000.00 paying cash. Terms: FOB  Destination, Freight Charges = 50.00. The credit is to ______________  (GL Account Name) ?



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