P5-1apowell’s book warehouse distributes hardcover books to retail

P5-1A Powell’s Book Warehouse distributes hardcover books to retail stores and extends credit term 0f 2/10,   n/30 to all of its customers. At the end of May, Powell’s inventory consisted of books purchased for   $1,800. During June, the following merchandising transactions occurred.       June 1 Purchased books on account for $ 1,600 from Kline Publishers, FOB destination, terms 2/10,       n/30. The appropriate party also made a cash payment of $50 for the freight on this date.     3 Sold books on account to Reading Rainbow for $2,500. The cost of the books sold was $1,440.     6 Received $100 credit for books returned to Kline Publishers.         9 Paid Kline Publishers in full, less discount.             15 Received payment in full from Reading Rainbow.           17 Sold books on account to Blanco Books for $1,800. The cost of the books sold was $1,080.     20 Purchased books on account for $1,500 from Dietz Publishers, FOB destination, terms 2/15,n/30.         The appropriate party also made a cash payment of $50 for the freight on this date.     24 Received payment in full from Blanco Books.           26 Paid Dietz Publishers in full less discount.             28 Sold books on account to Reddy Bookstore for $1,400.  The cost of the books sold was $850.     30 Granted Reddy Bookstore $120 credit for books returned costing $72.   Powell’s Book Warehouse’s chart of accounts includes the following: No.101 Cash, No.112, Accounts Receivable, No.120 Inventory, No. 201 Accounts Payable, No. 401 Sales Revenue, No.412 Sales Returns and Allowances, No. 414  Sales Discounts, and No. 595 Cost of Goods Sold.           Instructions                     Journalize the transactions for the month of June for Powell’s Book Warehouse using a perpetual inventory system.        

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

New Year Offers! Enjoy 10% OFF this January using the coupon code: best10